Mike Holton
President

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Thank you for visiting the website of New Castle Mortgage. We have offices in both Nashville and Knoxville. So, if you are looking for a local Reverse Mortgage Company in Tennessee or simply interested in obtaining information on Reverse Mortgages, you have come to the right place!

New Castle Mortgage is:

"The Reverse Mortgage Company of Tennessee"

We can assist you in obtaining your Reverse Mortgage anywhere in Tennessee.

Our Website, ReverseMortgage4Me.net, was designed to offer a simple, yet complete base of information on Reverse Mortgages.

The site will answer most of your questions, such as, What Is A Reverse Mortgage? How Do I Qualify? and How Much Money Can I Get with a Reverse Mortgage? Be sure to click on the Free Informational Brochure button or any of the Quick Quote buttons to obtain additional material on the subject of Reverse Mortgages.

At any time, please do not hesitate to call our office and one of our professional, courteous and experienced Reverse Mortgage Specialists will be happy to answer all of your questions.


Nashville - 615-279-3476
Knoxville - 865-531-6300

           


 

Find the Reverse Mortgage Option to fit your needs:

Reverse Mortgages

A reverse mortgage is a home loan that lets homeowners convert a portion of the equity in their home into cash. The equity built up over years of mortgage payments can be paid to you. Unlike a traditional home equity loan or second mortgage, no repayment is required until the borrower(s) no longer use the home as their principal residence.

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Am I Eligible?

To be eligible for a HUD reverse mortgage, HUD's Federal Housing Administration (FHA) requires that the borrower is a homeowner, 62 years of age or older; own your home outright, or have a low mortgage balance that can be paid off at the closing with proceeds from the reverse loan; and must live in the home.

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How Much Do I Get?

The amount you can borrow depends on your age, the current interest rate, and the appraised value of your home or FHA's mortgage limits for your area, whichever is less. Generally, the more valuable your home is, the older you are, the lower the interest, the more you can borrow.

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Quick Quote

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Trusted. Experienced. Secure.

 
 
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