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Monthly Archives: January 2020

    Take the Standard Deduction & the Home

    By Mike Parker | January 29, 2020

    Now that the standard deduction is increased to $12,200 for single taxpayers and $24,400 for married ones, many homeowners are better off with the standard deduction than itemizing their deductions to write off their mortgage interest and property taxes.  There was some speculation that without the tax advantages, homeownership is not the investment it once... Read More

    Reverse Mortgages

    By Mike Parker | January 14, 2020

    Reverse mortgage loans are like traditional mortgages that permits homeowners to borrow money using their home as collateral while retaining title to the property.  Reverse mortgage loans don’t require monthly payments. The loan is due and payable when the borrower no longer lives in the home or dies, whichever comes first.  Since no payments are... Read More

    Downsizing in 2020

    By Mike Parker | January 7, 2020

    Approximately 52 million or 16% of Americans are age 65 and over.  It is easy to understand that some of them are thinking of downsizing their home because they don’t need the same space they did in the past. It can be liberating to divest yourself of “things” that have been accumulated over the years... Read More

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