Reverse Mortgages and Taxes

by Kent Kopen | May 30, 2017 |

Taxes |

I'll Lose My Tax Deduction


If I get a reverse mortgage, I’ll lose my mortgage interest write-off.  We frequently hear that when we first meet clients.  It is a common misconception. 


What homeowners 62+ really need is clarity and direction around how and when interest on a reverse mortgage is tax deductible.

Paying Off a Reverse Mortgage

by Kent Kopen | Mar 06, 2017 |

Taxes, How loan works |

In the past two years, there has been much favorable press around reverse mortgages both from high profile news sources (Wall Street Journal, NYT, Forbes, Bloomberg) and Ph.D. academics discussing a reverse mortgage as a wealth management tool.  You can find these articles on our Facebook page.  Despite the coverage, there is a lot of confusion around what happens at the end of a reverse mortgage.  We're frequently asked the following...


Minimize Property Taxes - CA Prop 60, 90

by Kent Kopen | Mar 31, 2016 |

Taxes, Purchase |

Our post titled, Reverse Mortgage Home Purchase Strategy, detailed a three-part strategy around continuing to be a home owner as opposed to selling and becoming a renter. The financial benefit to the senior and their estate is considerable. The third part of that strategy is minimizing property taxes by taking advantage of CA Propositions 60/90 when possible. This article answers the most common questions we hear about Prop 60 or 90 and provides some background information you'll need to implement the strategy.