Reverse Mortgages: Unlock Your Home Equity for Retirement

Reverse Mortgages are specialized loans designed for homeowners aged 62 or older, allowing them to convert part of their home equity into tax-free cash while continuing to live in their home. Unlike traditional mortgages, there are no monthly repayment requirements during the borrower’s lifetime, making this an ideal solution for retirement planning, supplementing income, or covering unexpected expenses.
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No Monthly Mortgage Payments

With a reverse mortgage, borrowers are not required to make monthly mortgage payments. The loan is repaid only when the homeowner sells the property, moves out permanently, or passes away. Adam Gjerulff  at GoRascal explains how this structure works and helps clients understand how it affects their estate, long-term financial planning, and cash flow. We ensure that borrowers can access funds while maintaining peace of mind and control over their finances.
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Flexible Access to Funds

Reverse Mortgages allow homeowners to access funds in several ways, including lump sum, monthly payments, or as a line of credit. This flexibility provides options to meet different financial goals, whether for everyday expenses, healthcare costs, or home renovations. Our team works with clients to select the method of fund distribution that best aligns with their lifestyle and long-term planning, ensuring they get the most value from their home equity.
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Benefits of Reverse Mortgages

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No monthly mortgage payments, providing financial relief in retirement

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Flexible access to funds through lump sum, monthly payments, or line of credit

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Retain full home ownership while accessing equity

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Expert guidance to support financial planning and long-term security
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Preserve Home Ownership

Borrowers retain full ownership of their home, continuing to live in it while using the equity for financial support. The loan only becomes due under specific circumstances, protecting seniors from losing their residence. Adam Gjerulff  at GoRascal guides clients in understanding ownership rights, responsibilities, and the impact of the loan on heirs, ensuring full transparency and confidence in decision-making.
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Why Choose GoRascal

At GoRascal, led by Adam Gjerulff, we are committed to helping clients in Virginia, Maryland, and Florida achieve their homeownership and investment goals with confidence. Our team provides personalized mortgage solutions, expert guidance, and a transparent loan process tailored to each client’s unique financial situation. Whether you are a first-time homebuyer, seasoned investor, or looking to leverage your home equity, GoRascal ensures you have the right loan program, competitive rates, and ongoing support from application to closing.

We are known for

Personalized Solutions: Tailored loan programs that fit your specific needs and goals

Expert Guidance: Experienced team providing clear, actionable advice at every step

Fast and Efficient Process: Streamlined approvals and funding to save time and reduce stress

Trusted Partner: Commitment to transparency, integrity, and long-term client relationships

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Why Choose Rapid Closing?

Choosing the right mortgage partner can make all the difference in your homeownership journey. At Rapid Closing, we combine speed, expertise, and personalized care to deliver financing solutions that are tailored to your goals. Whether you’re a first-time home buyer, refinancing, or exploring specialized programs, our team is dedicated to making the process smooth, transparent, and stress-free. With Rapid Closing, you’re not just getting a loan—you’re gaining a trusted partner who stands by you every step of the way.

We are known for

Fast & Reliable Closings – Streamlined processes that save you time and stress.

Wide Range of Loan Programs – From FHA and VA to DSCR, Jumbo, and USDA loans.

Personalized Guidance – Clear, step-by-step support with dedicated loan specialists.

Flexible Solutions – Options designed for first-time buyers, investors, and unique situations.

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"FAQs"

GoRascal, led by Adam Gjerulff, provides a wide range of loan programs including Conventional Loans, VA Loans, FHA Loans, Non-QM Loans, Bridge Loans, Buy Before You Sell Programs, Jumbo Loans, Investment Property Loans, HELOCs, Fix & Flip Loans, Construction Loans, DSCR Loans, and Reverse Mortgages. We serve clients in Virginia, Maryland, and Florida, providing personalized guidance to help you find the right financing solution for your needs.

Choosing the right loan depends on your financial situation, goals, and the type of property you are financing. Our team at GoRascal evaluates your income, credit, property type, and long-term objectives to recommend the most suitable loan program. We guide you through every step to ensure you make an informed decision.

Yes. We offer pre-approval for most of our loan programs, which helps you understand your budget, strengthens your offer when buying a home, and speeds up the financing process. Pre-approval involves a review of your financial documents and credit profile to determine the amount you can borrow.

GoRascal is licensed and serves clients in Virginia (VA), Maryland (MD), and Florida (FL). Our team provides personalized loan solutions across these states, whether you are purchasing a home, refinancing, or investing in property.

The timeline varies depending on the loan program and property type. Conventional and FHA loans may take a few weeks, while specialized loans like Fix & Flip, Construction, or DSCR Loans can take longer due to documentation and underwriting requirements. At GoRascal, we streamline the process, keep you informed at every step, and work efficiently to close your loan as quickly as possible.

Expert Guidance and Planning

Reverse Mortgages involve complex considerations, including interest accrual, loan balance, and estate planning. Our team provides comprehensive guidance to ensure borrowers fully understand all aspects of the loan. We help clients assess their financial situation, plan for long-term needs, and select the best reverse mortgage option. With Adam Gjerulff  at GoRascal, homeowners can make informed decisions that maximize their equity and provide financial security in retirement.