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2. Reverse mortgage: What it is and how it works - AOL

   www.aol.com/finance/reverse-mortgage-works...

   A reverse mortgage is a type of loan that allows homeowners ages 62 and older to borrow against their home’s equity for tax-free payments. The reverse mortgage lender makes these payments to the ...

3. What Are the Tax Implications of Reverse Mortgages? - AOL

   www.aol.com/tax-implications-reverse-mortgages...

   Reverse Mortgage Tax Implications. The money you get from a reverse mortgage is a loan, not enrichment. As a result, you do not owe any taxes on it. A reverse mortgage has little impact on your taxes.

4. Thinking About a Reverse Mortgage? Here Are 4 Expert ... - AOL

   www.aol.com/finance/thinking-reverse-mortgage-4...

   Yes, a reverse mortgage does have some tax benefits. The IRS recognizes HECM as a loan, which means no income and, therefore, no tax. But you’re still financially obligated to pay for the house ...

5. Reverse mortgage - Wikipedia

   en.wikipedia.org/wiki/Reverse_mortgage

   A reverse mortgage is a mortgage loan, usually secured by a residential property, that enables the borrower to access the unencumbered value of the property. The loans are typically promoted to older homeowners and typically do not require monthly mortgage payments.

6. Reverse mortgage pros and cons: What every senior should know

   www.aol.com/finance/reverse-mortgage-pros-cons...

   Key takeaways If you’re a homeowner aged 62 or older, a reverse mortgage can help you obtain tax-free income, allowing you to stay in your home, pay bills, supplement your income and more.

7. Nonrecourse debt - Wikipedia

   en.wikipedia.org/wiki/Nonrecourse_debt

   The tax consequences of a disposition depend on whether the taxpayer acquired the property with the nonrecourse debt already attached, or whether the taxpayer took out the nonrecourse debt after acquisition of the property, and the relative relationships between fair market value and purchase price and disposition price. Upon a sale or other ...