Ian Andrews Tax Fraud Florida Reverse Mortgage Loan Tax On Seniors Can Expense Thousands At Closing

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You can go back to the 1980s and say Reagan. that dictated where mortgage lenders could lend, and originally helped create the market for the high-risk subprime loans. Tough new regulations.

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No, reverse mortgage payments aren’t taxable. Reverse mortgage payments are considered loan proceeds and not income. The lender pays you, the borrower, loan proceeds (in a lump sum, a monthly advance, a line of credit, or a combination of all three) while you continue to live in your home. With a reverse mortgage, you retain title to your home.

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