Mike Holton is the President and founder of New Castle Mortgage. He was born in West Virginia, grew up in Miami Florida and graduated from University of Georgia with a degree in Music. He was a professional trumpet player in Nashville to age 44. He began his mortgage career in 1997 as a Loan Originator, and soon realized that he had found his calling in the mortgage industry. He has always been in the management side of the mortgage business leading sales teams to a high level of success. Around 2006 he became familiar with the Reverse Mortgage and immediately was interested in specializing in these products. After much research he approached the company where he worked to allow him to head up a Reverse Mortgage division. They were uninterested so Mike and his wife Catherine, applied for, and obtained their own Broker license and opened New Castle Mortgage in Nashville in April of 2007. Although they had never done a Reverse Mortgage prior to the opening, they set out to purely specialize in ONLY Reverse Mortgages.
Opening a business in 2007 was challenging. Opening a mortgage company in 2007 was worse. Opening a Mortgage company to only specialize in this very small Reverse Mortgage niche was almost crazy. But, fast forward 11 years and New Castle Mortgage is still serving the Senior residents of Tennessee, specializing in Reverse Mortgages.