Seasoned Americans receive additional tax deductions and credits from the IRS.
Wisdom is not the only benefit of aging, the IRS allows seniors to get some extra tax breaks. Your taxes are high enough; don’t pay more than you need to. ELIMINATE INCOME TAX ON YOUR HOME SALE The first deduction is actually for all homeowners, but may benefit older Americans…
Low housing inventories creating more cash to take out on reverse mortgages
“Joanne” was at a point in her life when her income was not keeping up with her bills and she realized that she needed to make a change in order to cover her high medical costs. A friend of hers had done a reverse mortgage with me and had nice…
Strategies that may increase your appraised value
The amount you can access on a reverse mortgage is directly related to your appraisal. The higher the appraised value, the more money you qualify for on this FHA program. Here are some suggestions that can pay big dividends to your appraised value and your pocketbook: Provide the appraiser a…
Putting off a living trust?
A wonderful friend of mine, Joan, recently closed her reverse mortgage. She was so excited to finally get a new car, and replace her A/C & Heating unit in her home. Her friend from Arizona left her a message and became worried when she did not call him back. After…
Hackers now using mistypes to steal from you
Whether you are great at typing or a 2 finger type-pecker, we all occasionally type in the wrong website. “Typosquatting” is a reinvented scam that seeks to take advantage of those times when we accidentally end up on the wrong website. “Phishing” is another scam that seeks to set up…
