Ian Andrews Tax Fraud Florida Reverse Mortgage Loan Tax On Seniors Can Expense Thousands At Closing

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No, reverse mortgage payments aren’t taxable. Reverse mortgage payments are considered loan proceeds and not income. The lender pays you, the borrower, loan proceeds (in a lump sum, a monthly advance, a line of credit, or a combination of all three) while you continue to live in your home. With a reverse mortgage, you retain title to your home.

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Still, there's the danger that a photo taken out of context can be disproportionately damning. In the 20-year-old's case, he was remorseful.

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