Most doctors are very intelligent and understand the true freedom, profitability and joys of running their own doctor’s offices. They can set their own schedule and create their own branding and marketing plans. Physician mortgage loans allow doctors achieve this goal; to purchase their own building, clinic or facility to provide high-quality health care services to their patients.
If you are one of those business people with a big vision but lacks the resources to make your vision come into reality, then don’t hesitate to inquire about our financing program. We are a network of lenders who can meet your financial needs and get you started on the path towards success and prosperity. To learn more, fill out the form to the right and someone will get back to you within a few hours to discuss your options.
Easing the Transition with a Doctor Mortgage Loan Program
Most residents will learn medicine in a local hospital. But the hours may be long and there may be numerous restrictions that prevent the physician from providing the best standard of care. During residency, doctors can develop solid medical networks of co-workers, patients, administrators, health maintenance organizations (HMOs) and hospitals. After residency, a doctor might want to work for a well-established physician clinic for awhile. Eventually, they might want to start their own clinic. A solid doctor mortgage loan program allows them to make this transition smoothly by establishing fruitful relationships with reputable creditors. This can pay dividends over the course of a doctor’s career, as they may need additional rounds of capital to fuel their commercial growth.
Physicians Mortgage Benefits
Physician mortgage loans can be an important step in starting your own health clinic. They can be used to open up a new clinic run by one or several doctors. Doctor mortgage loans can also be used for outright purchase of renting of a building from a landlord.
A good health care clinic must be staffed with registered nurses and assistants who have basic clinical equipment, office supplies, chairs, desks, furniture, computer and telephones. Hiring a good water provider is a nice perk that can be established with a good physicians mortgage. Once you have established your doctor’s office, you might find a great location for expansion that is closer to the hospital. Young residents will be completing their turns at the hospital and you can hire a few to join your physicians organization. You can even open up several branches when your reputation grows in the community. A mortgage for doctors can make it all happen.
Mortgage loans for doctors can reflect the growing revenue you expect to earn from multiple offices and branches. You can fund the purchase of the latest medical technology. In addition, loans & mortgages might help you with creating branded merchandise or developing a social media presence. Why not offer mobile bill pay? A doctors mortgage/loan can pay for any of these improvements. The added revenue can easily allow you to repay your doctors mortgage on time.
Discuss all of your options with a trained professional. You can also compare the terms and conditions of your physician loan and mortgage using an online calculator.
Examples of Loan Usage
Mortgages for doctors could provide valuable funds to finance number of properties. While opening your own clinic is a great step, it can be expensive. The hospital will no longer be responsible for paying certain expenses. A good physicians loan can be used for purchasing equipment, furnishing the office, paying employees and traveling to important medical conferences around the world. Physicians can compare interest rates, principal and the time period using a loan calculator. Check out the variety of programs available.
Many doctor’s offices have their own billing system that is separate from the hospital. A physician mortgage loan can pay for the software and hardware needed for the separate billing system. Also, the advantage of separate billing systems makes a doctor’s own bank account much more valuable. Another type of physician mortgage is especially aimed at doctors purchasing homes.
Personal Mortgage Loans for Doctors and Physicians
The other form of mortgages for doctors allows high-end producers to buy their own homes. Financial institutions understand that while most doctors have high college student debt, they are also likely to make a high salary. Certain lending institutions will create a doctor mortgage for buying a home. This type of loan program is only for doctors. Qualification may require a doctor to open an account with an established financial institution. A mortgage for doctors may allow for a lower down-payment and will usually require a contract as proof of income.
Fill out the information form and a Halo Capital Group representative will discuss all of the doctor mortgage programs available. If you are a dentist and in need of a loan, see this page.