Many homeowners, 62 and older, are discovering the vast benefits that come from taking advantage of a reverse mortgage. On Q is equipped with an experienced reverse mortgage team of specialists who are well versed with this product. Because their sole focus and dedication is assisting in reverse mortgage transactions our borrowers are given peace of mind throughout the whole process.
Reverse mortgages were created specifically for senior homeowners who want to convert part of their homes equity into loan proceeds. With the rising financial requirements for senior homeowners, it is clear why this option has become a wonderful tool to supplement retirement.
Reverse Mortgages can be used for virtually anything:
- Pay off an existing mortgage with loan proceeds
- Cover healthcare costs
- Pay taxes and insurance
- Make home modifications
- Or simply build a reserves fund
Flexible payout option highlights:
- Line of credit, which grows over time and allows you to draw on loan proceeds*
- Fixed monthly payments for a set term
- In a lump sum
- Guaranteed life income stream
- Or a combination of the above!
A reverse mortgage is a complex and complicated product but when analyzed and executed correctly it can be just what you or a loved one has been waiting for.
Allow On Q to connect you with the right professionals today to make sure you know all the facts involved with getting a reverse mortgage!
*Homeowner continues to pay insurance and property taxes, live in as primary residence and maintain home. This program may not be available in all states. This material is not from HUD or FHA, nor was it approved by HUD or FHA. This program is provided by an On Q Business Partner. 068i0000001KBw8