Why do so many seniors still have a mortgage?
A number crunch by credit reporting agency Centrix brought up a truly remarkable statistic. They found 8 percent of people in the Silent Generation aged 76 or over still had mortgages.
taxes
Stepped Up Basis Exemption at Risk!
Without audience targeting are Google Ads Dead? Think again… Early this month Google announced new restrictions for targeting specific audiences. The restrictions apply to content related to housing, employment, credit, and those who are disproportionately affected by societal biases. The news of these restrictions created quite a stir among
HECM % Deductions & New Tax Law
Reverse mortgage interest is deductible in many circumstances. However, there are some cases when it is not.
Robbing Peter to Pay Paul: Friday’s Food for Thought
It's a consequence of the payroll tax cut extension: increased FHA premiums. Reverse mortgage borrowers may see increases of ongoing insurance premiums. Should borrowers bear the burden for a tax cut for working Americans?
“Necessary evil”
[vimeo id=”18547777″ width=”601″ height=”338″] Tax And Insurance Default The topic of Tax And Insurance Default is a hotly debated issue in the Reverse Mortgage Industry, but recently HUD issued a guidance letter that gives some direction to reverse mortgage lenders.
