As a Home Equity Retirement Specialist in Virginia, I help homeowners aged 62 and older convert a portion of their home equity into cash through a reverse mortgage, without the need to sell their home. This financial product allows seniors to continue living in their home while receiving payments based on its value, offering them financial stability during retirement. It's essential for homeowners to understand the benefits and responsibilities that come with a reverse mortgage. I provide the necessary guidance to ensure this option aligns with their long-term financial goals and help navigate the state-specific regulations effectively.