In the early days of reverse mortgage lending, little attention was paid to the impact of tax deductions from accrued interest on the loan. In part, most borrowers had so little income that any deduction was meaningless. Two important changes in the reverse mortgage landscape, however, have generated a more strategic approach to the home asset.
Shelley Giordano
Recent posts by Shelley Giordano
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The Impact of Voluntary Interest Payments on Reverse Mortgages
By Shelley Giordano on 4/12/21 8:30 PM