eHow launches Android app: Get the best of eHow on the go.

How Do Reverse Mortgages Affect Property Taxes?

Video Preview
From Quick Guide: Guide to Property Taxes

Summary: Reverse mortgages don't affect property taxes, but it does cost a considerable amount of money to get an appraisal done. Find out how to save money on future taxes after getting a home appraised with help from a former HUD agency counselor for reverse mortgages in this free video on property taxes and reverse mortgages.

Views:
124
Presenter
By Matthew McKillen
eHow Presenter

Matthew McKillen brings 21 years of industry experience in arranging loans for his clients. He has worked in financial services senior management positions in mortgage banking...read more

Click Here

Post a Comment

Post a Comment

Video Transcript

"Hi, my name is Bob Dixon and I'm better known as Mr. Reverse Mortgage. I'm a former HUD agency counselor and I have counseled people in every state of the country including Alaska and Hawaii, on just about every type of reverse mortgage. Now the question today is, how do reverse mortgages affect my property taxes? Now this seems like a pretty simple question and that is what makes these videos particularly attractive. They don't effect your property taxes, you are going to pay the same property taxes you paid before, but you just spent a small fortune on getting an appraisal done, to an FHA appraiser to get your reverse mortgage. Now with property values declining, if your property value has gone down, this is an unbelievably good time to go in and have your property reassessed. You have got the appraisal in hand. You have got the biggest expense taken care of and why not go back into the assessor's office with that appraiser and you can look up what your house is valued at by going to the tax records and save yourself some money for taxes in the future. Again, my name is Bob Dixon, better known as Mr. Reverse Mortgage and thank you again."

eHow Article: How Do Reverse Mortgages Affect Property Taxes?

Related Ads

  • Have you done this? Click here to let us know.
Personal Finance
Mark P Cussen, CFP, CMFC,

Meet Mark P Cussen, CFP, CMFC eHow's Personal Finance Expert.

Get Free Personal Finance Newsletters

Copyright © 1999-2009 eHow, Inc. Use of this web site constitutes acceptance of the eHow Terms of Use and Privacy Policy.   en-US Portions of this page are modifications based on work created and shared by Google and used according to terms described in the Creative Commons 3.0 Attribution License.

eHow Personal Finance
eHow_eHow Business and Finance