Many long-time Memphis, Germantown, Bartlett, and Collierville homeowners have built substantial equity over the years. A HECM reverse mortgage may let you put that equity to work — without adding a monthly mortgage payment.
Answer 5 quick questions and Trevor will review your Memphis-area situation personally.
Get My Free Funding Playbook™A reverse mortgage (HECM) lets eligible homeowners 62+ convert home equity into cash while continuing to live in the home as their primary residence. Instead of you paying a lender monthly, eligible proceeds can come to you — as a line of credit, monthly advances, a lump sum, or a mix — as long as you stay current on property taxes, homeowners insurance, and basic upkeep. For the full mechanics, see our complete reverse mortgage guide →
If you still have a balance on your current Memphis-area mortgage, reverse mortgage proceeds are typically used to pay that off first at closing — eliminating your existing monthly payment in the process, if there's enough equity to cover it. What's left after payoff is what becomes available to you. See the factors behind your estimate →
Federal law — reinforced by Tennessee's own HECM Act — requires an independent counseling session with a HUD-approved counselor before any application moves forward.
Trevor can point you to a HUD-approved counselor serving Tennessee, including phone-based options that satisfy the requirement without needing to travel anywhere.
You keep the title to your home. When the loan becomes due, your heirs can repay it and keep the home, sell it and keep any remaining equity, or walk away — HECM loans are non-recourse, so they'll never owe more than the home is worth at that point.
| Option | Monthly Payment | Stay in Home |
|---|---|---|
| Reverse Mortgage | None required* | Yes |
| Selling & Downsizing | Depends on new home | No |
| HELOC | Required | Yes |
*As long as you meet occupancy, tax, insurance, and maintenance obligations.
Trevor reviews your Memphis-area situation personally — no automated emails, no sales pressure.
No obligation · No hard sell · Just clarity on what's possible for you.