Tag Archives: loan proceeds

The Downlow On Reverse Mortgages

Report: A reverse mortgage (RM) is a special kind of loan, usually for people age 62 and older, which pays a homeowner loan proceeds from the equity in their home. People have used RM loans to pay property taxes, home … Continue reading

Posted in Reverse Mortgage | Tagged , , , , , | Comments Off on The Downlow On Reverse Mortgages

Refinancing Rental Property

From Ventura: The rules for deducting interest vary, depending on whether the loan proceeds are used for business, personal, or investment activities. In order to deduct interest to refinance a mortgage on a rental property, the proceeds from the loan … Continue reading

Posted in Refinance | Tagged , , , , , | Comments Off on Refinancing Rental Property