Adjustable and Fixed Rate Reserve Mortgage Options (Low Costs and Margins) preserving equity!
As the owner of Mortgage Quest I personally control out pricing model. This allows us to offer extremeiy low margins and costs on our Reverse Mortgages helping preserve as much equity as possible over the life of the loan.
With the Fixed rate option the rate never changes and does not have the 2% financed FHA Mortgage Insurance
Use equity for Tax Free Liquidity versus liquidating asset accounts
For borrowers over 55+ years old looking to purchase or refinance
Only have to qualify to prove ability to pay annual property taxes and insurance
Borrowers always keep title to their home
No Prepayment Penalty