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Reverse Mortgages

Reverse Mortgages in Arizona & California

A Few Facts About Reverse Mortgages with Mortgage Quest

If you’re 62 or older – and looking for money to supplement your retirement income – you may be considering a reverse mortgage.

A reverse mortgage is a product that allows you to convert part of the equity in your home into cash without having to sell your home or pay additional monthly bills.

Closing costs are comparable to a conventional mortgage (see our website at to see how we are able to offer the lowest costs and rates in the industry).

At least one borrower needs to be 62 years old

Must be your Primary Residence.

The lender or bank does NOT own the home – YOU OWN THE HOME, you keep the title!

There are no income or credit score requirements to qualify.
No monthly mortgage payments are required.

The home does not have to be free and clear or have a lot of equity. Although enough equity is needed to pay off current liens and/or mortgages.

There is no limitation on how the funds can be used.

Funds can be received in monthly payments structured as needed, line of credit (with a growth rate), lump sum, or a combination of these.

Social Security and Medicare are not affected because it is a loan, and not considered income.

Medicaid can still be received with the reverse mortgage.

At the time of sale if the home is sold for more than the loan balance, the borrower(s) or their heirs receive the difference. The bank does NOT keep the difference!

The loan is non-recourse which means there is no personal liability to the borrower or their heirs.

Just like any mortgage, borrowers are responsible for property taxes and insurance, association dues (if applicable), maintaining the property and abiding by the terms of the loan.

HUD regulates reverse mortgages. Thus, a very protected loan.

Borrowers must complete counseling from an approved HUD Counselor on how a Reverse Mortgage works.

If you are interested in discussing a reverse mortgage or any other mortgage need, please contact me today.







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Toll Free: (800) 328-0144 Fax: (888) 570-6740

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