Tennessee Reverse Mortgage Information

Tennessee Reverse Mortgage Information

Explore Your Options with a Tennessee Reverse Mortgage

Welcome to the Tennessee Reverse Mortgage informational website. If you own a home in Memphis, Nashville, Knoxville, Franklin, or anywhere across the Volunteer State, I can answer all your questions and provide you with the details you are looking for to make an informed and educated decision. Discover how you can leverage your home equity to enhance your retirement and achieve your financial goals in retirement.

Why Choose a Reverse Mortgage in Tennessee?

Tennessee offers a rich tapestry of culture, history, and natural beauty, making it a popular destination for retirees seeking a vibrant lifestyle. With a reverse mortgage, Tennessee homeowners aged 62 and older can tap into their home equity without the burden of monthly mortgage payments, providing financial flexibility and peace of mind in retirement.

Larry McAnarney, HECM Loan Specialist

Larry McAnarney

HECM Loan Specialist

NMLS# 21059 | 815-703-4745

Your Trusted Resource for Reverse Mortgages in Tennessee

I am committed to providing Tennessee homeowners with the information and resources they need to make accurate and informed decisions about reverse mortgages. I can guide you through the reverse mortgage process with experience, expertise, and professionalism.

Your Financial Future Starts Here

Don't let your home equity go untapped—discover the possibilities of a reverse mortgage in Tennessee today. Whether you're looking to supplement your retirement income, cover medical expenses, purchase a new home, or fund home renovations, a reverse mortgage could be the key to unlocking the equity in your home and securing your financial future.

Ready to Get Started?

Unlock the potential of your home equity with a reverse mortgage. Contact me today at 815-703-4745 to schedule a free no obligation consultation. Your financial future starts here.

Take the first step towards securing your financial freedom and peace of mind in retirement by exploring the benefits of a reverse mortgage with. Your dream retirement awaits—let us help you make it a reality.

Contact me today to get started!

Verified Reviews

(219)

Warms My Heart Thank you so much for your help and knowledge on Reverse Mortgage. This was something that really was a great alternative for Joel to continue to be able to stay in his home that he loves so very much. He’s very comfortable and happy which warms my heart. I’m just glad he goes to bed at night peacefully with no worries, so we thank you. Everyone was truly so kind. If I ever know of anyone who could use your help again, I definitely will recommend you .

Joel A (by Ramona S) — Jun 11, 2023

Prompt Communications I appreciate your service and prompt communications while providing my mother with her reverse mortgage. You have been very helpful from the outset and have kept me informed along the way.      

Nicholas C — Dec 12, 2024

Professional, Patient, Helpful, and Knowledgeable We couldn't have asked for a more professional, patient, helpful and knowledgeable person like Larry McAnarney. I had the privilege of working with Larry, to help a dear friend with her reverse mortgage. Larry was thorough with the whole process, never pushy and always available when we reached out with questions or needed any kind of assistance. He followed up with us on every procedure and was always very considerate about the need at hand. The "mortgage world" needs more people like Larry McAnarney... then things wouldn't be as complicated or as difficult as we perceive them to be. Thank you Larry, you definitely get way more than just 5 stars!!!

Fiona — Mar 28, 2016

Read More Reviews

Reverse Mortgage Frequently Asked Questions

Yes, refinancing is possible. This option may be to your advantage if your home increases in value, making more funds available.

Read More

A HECM is a reverse mortgage loan that's insured by the Federal Housing Administration (FHA).

Read More

You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually…

Read More

Use the proceeds for the things you need and want. For example: refinancing your existing mortgage(s) to improve cash flow; consolidating…

Read More

The funds from a reverse mortgage generally do not affect regular Social Security or Medicare benefits. However, needs-based benefits, such as Medicaid…

Read More

Reverse mortgages are available with either fixed or variable rates. Borrowers who elect a fixed-rate…

Read More

A reverse mortgage is a home-secured loan that’s exclusively for homeowners and homebuyers age 62 and older. It allows borrowers to convert some of…

Read More

You have a number of choices for how you receive your funds:

  • Lump sum
  • Monthly…
Read More

A reverse mortgage offers certain advantages:

  • With a traditional home equity loan or home equity line of credit, you…
Read More

With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…

Read More

The specific amount depends on several factors, including:

  • Your…
Read More

Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.

Read More

Yes. For many homeowners age 62 and older who are looking to refinance their mortgage(s) or consolidate debt to reduce their monthly bills, a reverse…

Read More

The loan must be paid in full when one of the following occurs:

  •  A “maturity event” —…
Read More

The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.

Read More

To be eligible for a reverse mortgage, you’ll need to meet the requirements set by the federal government:

Read More

Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds…

Read More
Below are just a few of the Tennessee cities and counties where you can obtain a reverse mortgage.