Quontic Bank ^Company

Quontic Bank offers reverse mortgages to individuals 62 years of age and older14. Applicants must either own their home in full or have a remaining mortgage balance that can be paid by the proceeds of the reverse mortgage or alternative funds. Additionally, customers must be able to prove that they have the financial capability to pay for property changes such as homeowner’s insurance, real estate taxes and maintenance. The bank offers a variety of payment structures including fixed monthly payments for a predetermined period and a tenure loan option, which pays a fixed sum for as long as the customer lives in the home.