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Posts Tagged "Reverse Mortgages"

Ten Tax Facts if You Sell Your Home and Reverse Mortgages

Do you know that if you sell your home and make a profit, the gain may not be taxable? Anna and Jenny have recently learned about this from their tax professional so now they are deliberating over the idea of selling their 15-years-old home. The fact that the profit, you make from selling your old home, is not taxable is…read more →

Tax Tips for the First-time Homebuyer

This week we’ll talk about some tax tips for the first-time homebuyer.  If you’re a first-time homebuyer, or if you haven’t owned a home in the past two years, maybe buying a house, taking out a mortgage, and moving are at the forefront of your mind. With home prices still low along with mortgage interest rates, now is the time…read more →

What You Need to Know About Reverse Mortgages

Reverse Mortgages are becoming more popular as the population ages.  A reverse mortgage is a way for senior citizens to take advantage of the equity in their home and still live somewhat comfortably.  It’s the opposite of a traditional mortgage.  With a traditional mortgage, you borrow money to purchase a home and then pay off the debt.  With a reverse…read more →

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