A reverse mortgage, or HECM (Home Equity Conversion Mortgage), lets eligible homeowners age 62 and older convert home equity into cash — while continuing to live in the home. It's insured by the FHA and requires mandatory, independent counseling before you can apply.
If you've completed your HUD counseling session, or you're actively working through it, Trevor can pick up right where you left off and walk through your specific numbers.
Call 901-663-0004With a traditional mortgage, you borrow money and make monthly payments to the lender. A reverse mortgage flips that: the lender makes payments to you (or gives you a line of credit, or a lump sum) based on your home's equity, and you don't make monthly principal and interest payments as long as you live in the home, keep it as your primary residence, and stay current on property taxes, insurance, and basic upkeep.
The loan becomes due when the last remaining borrower sells the home, permanently moves out, or passes away. At that point, the home is typically sold to repay the loan — any remaining equity belongs to you or your heirs, and HECM loans are non-recourse, meaning you or your heirs will never owe more than the home is worth at the time it's repaid.
How much equity you may be able to access depends on several factors reviewed during the application process — your age (older borrowers can generally access more), your home's appraised value, current interest rates, and the specific loan program. There's no single number that applies to every homeowner, which is exactly why the mandatory counseling session and a personal review of your numbers both matter before you decide anything.
Before any reverse mortgage application can move forward, federal law requires you to complete an independent counseling session with a HUD-approved counselor — and Tennessee has its own Home Equity Conversion Mortgage Act layered on top of the federal rules, specifically to make sure Tennessee seniors work with vetted, HUD-approved lenders and get this counseling before committing to anything.
The counselor doesn't work for Trevor, for NEXA Mortgage, or for any lender — their job is to walk through how the loan works, the costs and risks, and the alternatives, with no pressure toward any particular product. Most sessions are done by phone, take about an hour, and end with a certificate that's valid for 180 days. Tennessee does not require in-person counseling, so this can typically be done from home.
Call us for a recommendation. Trevor can point you to a HUD-approved reverse mortgage counselor serving Tennessee — including phone-based options that satisfy the requirement without needing to travel anywhere. If you'd rather search yourself first, HUD's national counselor line and locator tool are below.
HUD's official counselor search is also available directly at hud.gov/program_offices/housing/sfh/hcc/hcc_home. Counseling fees, when charged, are typically set by the counseling agency, not by Trevor or NEXA Mortgage.
Whether you're just starting to explore reverse mortgages or you've already completed HUD counseling, Trevor reviews your situation personally — no automated emails, no sales pressure.
No obligation · No hard sell · Just clarity on what's possible for you.