Taxes

• Tax Deductions
  For those itemizing tax deductions, a reverse mortgage can eliminate the deduction for home interest if no interest is paid out of pocket. However, if the homeowner pays the upfront fees and the accruing interest, the homeowner deduction may be available to them in the year the interest is paid.

Planning

• Reverse Mortgages
  Listed below are the common myths followed by the facts of reverse mortgages that will bring clarity and assist you in making the most informed decision.