Here’s the dirty little secret why many older Americans are carrying debt into retirement.
Continue readingThe Dirty Little Secret About Retirement
The Tax Trap that has Homeowners Staying Put
There’s one reason some older homeowners may not be downsizing. A look at the tax trap that has many homeowners staying put.
Continue readingWhy 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.
Continue readingHECM % Deductions & New Tax Law
Reverse mortgage interest is deductible in many circumstances. However, there are some cases when it is not.
Continue readingRobbing 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?
Continue reading“Necessary evil”
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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.
