Shop for the best reverse mortgage deals in Nashville, Tennessee.
Meet Jim McVey
Reverse Mortgage Professional & Branch Manager
Jim McVey and Primary Residential Mortgage are one of the best teams in Nashville if you’re interested in learning more about a reverse mortgage, from Clarksville to Murfreesboro and across Davidson County.
After 20 years in the mortgage industry, there is nothing Jim loves more than helping retirees in Tennessee enjoy financial independence, especially if they are in a bind.
And to achieve this outcome, he often reaches for one of the biggest weapons in his kit bag, the incredibly powerful reverse mortgage.
Jim and his wife Debi began a small lending firm in the early 2000s.
They have now been joined by their son, James as another originator, along with a family of staff members who make their organization truly unique.
“Together, our team doesn’t just check the boxes, we write a loan based on your unique situation,” Jim says.
Jim’s industry knowledge, interpersonal skills, honesty, genuine care for his clients and friendly nature are what sets him apart.
“Some lenders just capture all the “A+” borrowers they can, but we look at every borrower's situation to see if it makes sense.
“Go ahead and call me. Let’s make your loan make sense!"
What is a reverse mortgage?
A reverse mortgage is one of the most incredible products on the loan market yet arguably the most misunderstood.
It is absolutely perfect for seniors who own their home but are watching high inflation rapidly chip away at their savings.
What it does is allow homeowners to recover the equity they have in their home, creating a supplementary income stream.
This puts to bed any fears they may have about selling up and downsizing and gives them great comfort and reassurance they can continue to live in their family home.
The loan is available to anyone 62 years or older, with approved applicants able to start planning for better days and a higher standard of living.
Homeowners can be paid in a number of different ways including a lump sum payment, monthly instalments or a line of credit – or even a combination of all three.
The real beauty of this loan is that as long as the terms are met, there is no need to repay it until either the homeowner sells the residence or the last surviving borrower passes away.
The cost of housing is rocketing north at a great rate and homeowners in Nashville have seen a massive hike of 31 percent over the last 12 months taking average prices to $437,176 (https://www.zillow.com/nashville-tn/home-values/).
Already there are 1,131 people in and around Nashville with a reverse mortgage while 147 of them have bought one in the last 12 months.
About Nashville, Tennessee
Nashville is named after Francis Nash, a brigadier general in the Continental Army during the American War of Independence.
It was founded in 1779 and quickly grew owing to its strategic position as a port on the Cumberland River and later as a railroad hub.
The city’s rich and diverse association with music and its reputation as “Music City” goes all the way back to the 18th century.
Its earliest settlers celebrated with fiddle tunes and buck dancing and by the 1800s, Nashville had already become the home of music publishing in the country.
While rock, R & B and bluegrass have all featured prominently, it remains most famous for country music and no trip to Nashville would be complete without a visit to the Country Music Hall of Fame and Museum.
The city is also renowned for its hot chicken, fruit tea and goo goo clusters, a chocolate candy invented in the 1900s.
But it’s not all about the music! Nashville has been referred to as the “Athens of the South” for its numerous colleges and universities.
Contact your Nashville reverse mortgage lender today.
Jim and his team at Primary Residential are ready and waiting to take your call if you would like more information about a reverse mortgage.
Don’t get caught singing the blues! Jim will change your tune at (615) 257-9950.
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