Optimize Your Retirement
You’ve spent a lifetime turning a house into your home.
Let Quontic help you do more with your home investment through a Home Equity Conversion Mortgage (HECM). Qualifying homeowners aged 62 and older can tap into existing home equity to help cover retirement needs!
Program Highlights
Quontic makes the mortgage process simple, fast, and hassle-free. Check out some of the requirements for a HECM loan to see if it’s right for you.
- You must be age 62 or older.
- You must own your home in full or have a remaining mortgage balance low enough to be paid by the proceeds from the reverse mortgage or other funds.
- You must live in the home in question as your principal residence.
- You cannot be delinquent on any federal loans.
- You must have the financial assets required to pay for property changes, including homeowner’s insurance, real estate taxes, maintenance, & any other property fees.
- You must participate in a consumer information session given by a HUD- approved HECM counselor.
Quontic HECM Loans
Do you think about HECM loans? At Quontic Bank, we have decades-long experience as reverse mortgage lenders and can help you choose the features that will work best for you.
For example, you can choose from a variety of payment structures. You may elect to receive fixed monthly payments for a predetermined period, or create a tenure loan that continues paying a fixed sum as long as you live in the principal residence. Some borrowers choose to receive credit lines or a combination of the other options.
Whatever you need, we’re here to help. If you’re ready to explore your options, contact us to learn more.
Contact Us Today
If you have any questions or require additional information, please contact a Quontic Bank loan officer. You may also reach us via live chat, phone, our online form, or by emailing [email protected].
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Even if you have a low credit score, Quontic will get you into a home with lower cash-out-of-pocket.
Quontic’s approach to CDLs focuses on credit and downpayment over paperwork regarding your income.
Take your pick from Quontic’s range of condo & co-op borrowing solutions that are free from hassle.
Disclaimer:
All lending products are subject to credit & property approval. Rates, program terms, & conditions are subject to change without notice. Not all products are available in all states or for all amounts. Other restrictions & limitations apply. Prequalification provides you with an estimate of how much you can borrow to purchase a home, based on our preliminary review of credit information. This does not represent an offer to enter into a loan agreement. Information is accurate as of the date listed below and may change without notice.
