DiSabatino CPA Blog

DiSabatino CPA Blog

A blog by Michael DiSabatino CPA with topics on Tax Savings, Business, Management and more...

Don't say yes to a reverse mortgage until you read this:

You've likely heard the good and the bad about reverse mortgages. But what's real? Before you consider this strategy, consider a few key components.

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Renters Miss Out on Homeowner Benefits

If you rent rather than own a home, you could be missing out on tax benefits that favor home ownership. The current low interest rates make the cost of getting a mortgage relatively inexpensive, despite U.S. house prices at record highs.

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Reverse mortgages - Answers to some Questions

Reverse mortgages - Answers to some Questions

A reverse mortgage is a loan against your property. But, instead of you making payments to the lender as you do on a regular mortgage, the lender is paying you. The repayment of this mortgage takes place after you no longer live in your home. Here are some answers to common questions about reverse mortgages.

1. How can a reverse mortgage benefit me?

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Mortgage Interest Deduction OK for Non-Homeowner

Mortgage Interest Deduction OK for Non-Homeowner

I thought some readers of my blog might be interested in this fairly common topic, for which I did some research.  I see if commonly where a parent buys a home in their name, and more improtantly, using their credit, the a child lives in the home and makes ll the mortgage payments.  Typically, a non-owner cannot take the deduction for the mortgage interest paid and real estate taxes... this discusses the basis of law for which this deduction for the child may be possible...

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