You may have tax deductions you can use if you have a FHA-insured Home Equity Conversion Mortgage (HECM). Tom Davison’s in-depth article on reverse mortgage’s tax opportunities and obligations for annual tax reporting. Davison includes information on the following topics: Loan Proceeds are Not Taxable Income Interest Deduction Mortgage Insurance Premium (MIP) Deduction Interest on Acquisition […]
The Home Equity Conversion Mortgage (HECM), FHA’s revamped version of the former reverse mortgage, can help incorporate housing wealth to solve for divorce in retirement, bankruptcy, foreclosure, protecting against a poor sequence of returns. Come learn about this unique cash flow management tool. Learn how a Home Equity Conversion Mortgage HUD-guaranteed Line of Credit can substantially Increase Retirement […]
