Find Reverse Mortgage Specialists in Goodlettsville, TN
Compare reverse mortgage specialists in Goodlettsville. Review contact information and insurance categorys before you decide.
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
State Mortgage Licensing Authority of Tennessee before hiring.
Showing 9 reverse mortgage specialists in Goodlettsville, 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.
What Does a Reverse Mortgage Specialist in Goodlettsville Cost?
Typical costs for a reverse mortgage specialist in Tennessee include an origination fee of up to 2 percent of the home value with a cap of 6 thousand dollars. Third-party costs such as appraisal title search and recording fees range from 2 thousand to 5 thousand dollars. Borrowers also pay an upfront mortgage insurance premium of 2 percent of the appraised value. These costs are often financed into the loan. This is general information and 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 are the age and equity requirements for a reverse mortgage in Goodlettsville Tennessee?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be your primary residence and meet HUD property standards. Tennessee does not have additional state-specific age requirements beyond the federal minimum.
Do I need to attend counseling before getting a reverse mortgage in Tennessee?
Yes Tennessee law requires all borrowers to complete a counseling session with a HUD-approved counselor before applying. This session covers loan costs payment options and alternatives. The counselor must be independent and not affiliated with the lender.
What happens to the reverse mortgage when the borrower dies or moves out in Tennessee?
The loan becomes due when the last borrower dies sells the home or moves out permanently. Heirs have up to 30 days to decide whether to repay the loan or sell the property. Tennessee law does not extend this federal timeline but heirs may request a repayment extension from the lender.