You’ve earned your place — now let your home work for you. With a Reverse Loan from Richmond-mortgage, you can convert the equity you’ve built over the years into usable cash, without selling your property or making monthly mortgage payments. Designed for homeowners 62 and older, this program allows you to stay in your home, maintain ownership, and access funds through a lump sum, line of credit, or monthly payouts. It’s a smart way to supplement retirement income, cover expenses, or simply enjoy more financial peace of mind — all while aging in place with dignity and security.
No Monthly Mortgage Payments – Access your equity while living comfortably in your home.
Flexible Cash Options – Choose lump sum, line of credit, monthly disbursements, or a mix.
Tax-Free Proceeds – Payments aren’t considered taxable income.
Non-Recourse Protection – Neither you nor your heirs ever owe more than the home’s value.
Stay in Your Home – You retain ownership and occupancy as long as property taxes, insurance, and upkeep are maintained.
Retirement Freedom – Supplement your income, pay off debts, or fund life goals without draining savings.
Ans: Yes you remain the homeowner. You’re simply borrowing against your equity.
Ans: The loan is repaid when you sell the home, move out permanently, or in the event of passing away.
Ans: Not if you keep up with property taxes, homeowner’s insurance, and basic maintenance.
Ans: No. Funds from a reverse loan are considered loan advances, not taxable income.
Ans: No as long as you meet loan obligations, you can stay in your home for life.
Ans: Your heirs can choose to sell the home, pay off the loan balance, or refinance into a traditional mortgage.
