Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Tennessee before hiring.
Showing 4 reverse mortgage specialists in Collierville, TN
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Simmons Bank Mortgage Lending Office
1125 Schilling Blvd E # 107, Collierville, TN 38017
8888954663
Patriot Bank Mortgage
279 Market Blvd, Collierville, TN 38017
9018547383
Bank of England Mortgage - Midsouth
832 W Poplar Ave, Collierville, TN 38017
9016103171
Bluff City Mortgage
195 S Center St # 220, Collierville, TN 38017
9018618022
What Does a Reverse Mortgage Specialist in Collierville Cost?
Typical costs for a reverse mortgage specialist in Tennessee include an origination fee of up to 2 percent of the home value a mortgage insurance premium of 2 percent upfront plus 0.5 percent annually and third-party fees for appraisal title and recording ranging from 500 to 1500 dollars. Costs vary by loan type and lender. This is general information not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What does a reverse mortgage specialist in Collierville do?
A reverse mortgage specialist guides Collierville homeowners through the application and closing process. They explain loan terms help with required counseling and ensure compliance with Tennessee regulations.
Are reverse mortgages regulated differently in Tennessee?
Yes Tennessee requires a mandatory three-day right of rescission after closing. Borrowers must also complete a HUD-approved counseling session before the loan can proceed.