Reverse Mortgages For Healthcare Professionals

A Solution to the Senior Care Challenge

A Home Equity Conversion Mortgage (HECM) commonly referred to as reverse mortgage is a way for borrowers age 62 or older to unlock the equity in their home by turning it into tax-free cash* without having to make any monthly mortgage payments**.

When designed through the reverse mortgage line of credit, there are significant advantages to helping clients pay for medical expenses like medical co-pays, home modifications and also to receive the care they need, while they continue to live in their own home:

Advantages of the HECM Line of Credit

Unlike a traditional home equity line of credit (HELOC), the unused portion of the reverse mortgage line of credit grows over time, allowing access to more funds as the borrower ages. And the line cannot be reduced or revoked by the lender, as long as the terms of the loan are met—ensuring the funds will be there when needed.

In-home care services can reduce the need for expensive nursing homes, and improve quality of care

A Reverse Mortgage Line of Credit can be set up in advance – before care is needed- so funds are immediately accessible when needed.

Contact an On Q Reverse Mortgage Consultant for full details and to see if a reverse mortgage might be right for you.

Get in Touch

Just some of our happy clients

"I am very grateful to have been able to work with you and your associates in obtaining a reverse mortgage. My financial planner said that I was the perfect candidate and recommended using you to expedite everything. It went very smoothly and my income stream provided a preservation of my portfolio which has eased my mind. Thank you so much."

– Miki H.

"Thank you for taking care of this for my mom, this is just what she needed to give her some financial breathing room."

– Renee C.

"We selected On Q Financial Services after a recommendation from our financial advisor. We received a thorough education in not only the process but the important nuances that should be considered before making a final decision. On Q respected our need for detailed communication and also provided an understanding and insight into the process. We look forwards to recommending On Q Financial Services to our professional and personal associates, not only for your firm’s expertise but more importantly, the terrific personnel with whom we dealt along the way."

– Ted & Linda R.

"A few years ago I was living in a house that did not suit my needs. With the assistance of Samantha Alspaugh, I signed up for my first Reverse Mortgage line of credit. Using this relatively low interest loan for construction funds enabled me to build a new house appropriate for my stage in life.
When my new house was completed, I sold the prior house and paid off my first Reverse Mortgage. I moved into my new home and then contacted Samantha for my second Reverse Mortgage Line of credit. My new home has some title and ongoing quirks. In spite of these issues a determined Samantha stuck with it and ultimately arranged my second Reverse Mortgage Line of Credit.
I first used this loan as a bridge loan, then I paid it almost off (not quite zero to keep the loan open). Now thanks to the financial flexibility offered by a Reverse Mortgage Line of Credit, I live in my dream home debt free and watch the line of credit funds available to me increase on a regular basis. Most importantly, I have peace of mind knowing that I have emergency funds available to me anytime just a phone call away.
Life is good"

– Dale Z.

Reverse Mortgage News