Unlock Retirement Income Without Moving
You’ve built your life here now let your home support your golden years. With a Reverse Loan from Richmondmortgages, you can turn your home equity into income without monthly mortgage payments. You maintain ownership, live in your home, and access cash on your terms. It’s retirement freedom you can rely on.
Why a Reverse Loan with Richmondmortgages?
No Monthly Mortgage Payments — Use your equity, not your paycheck.
Flexible Disbursements — Choose lump sum, steady payments, or a credit line.
Non-recourse Protection — You (or your heirs) won’t owe more than the home’s value.
Stay in Your Home — You retain title and occupancy as long as obligations are met.
Supplement Retirement — Use funds for life expenses, healthcare, or goals.
Seamless Setup — We guide you through paperwork, appraisals, and closing
How the Reverse Loan Process Works with Richmondmortgages
Eligibility & Counseling – We check your age, income, and confirm you complete required counseling.
Application & Property Review – We appraise your home and verify title.
Terms & Disbursement Plan – You choose your payout method and loan structure.
Underwriting & Approval – We finalize terms, confirm compliance, and prepare for closing.
Closing & Fund Release – You sign documents and begin receiving funds.
Servicing & Legacy Planning – We assist with servicing, future refinancing, and what happens next.
Reverse Loans FAQs You Should Know
Ans: Homeowners aged 62 or above, with enough home equity and meeting property standards.
Ans: No — as long as you maintain property taxes, insurance, and basic home upkeep, you stay in your home.
Ans: Typically when you move out permanently, sell the home, or pass away.
Ans: No. The proceeds are considered loan advances, not taxable income.
How It Works
Let Us Help You Turn Your Home Equity into Freedom
Retirement should be about peace, not payments. At Richmondmortgages, we make it easy to unlock your home’s value through a Reverse Loan giving you access to funds, flexibility, and financial comfort while you stay right where you belong.
Step 1
Discover Your Eligibility
We begin by reviewing your age, home equity, and financial goals to confirm you qualify for a Reverse Mortgage and determine your available borrowing potential.
Step 2
Personalize Your Payout Plan
Choose how you receive your funds monthly payments, a lump sum, or a flexible credit line. Our team tailors your plan to fit your retirement lifestyle.
Step 3
Secure Approval & Close with Confidence
Experience a guided, hassle-free approval process. Once your home is appraised and documents are verified, we finalize your loan and release funds promptly.
Step 4
Enjoy the Freedom You’ve Earned
Stay in your home, live payment-free, and use your home’s equity to cover expenses, travel, or simply enhance your quality of life it’s your choice, your comfort, your legacy.