Seniors may use a HECM to pay their property taxes and supplement their income, without having to sell stocks or other investments, says David Selig of Selig & Associates. Selig & Associates is a Tax Representation firm in New York City.
David Selig has been a featured guest on Fox & Friends, Geraldo Rivera, Lou Dobbs Tonight, the Fox Business Network, the Willis Report, Money with Melissa Francis, the Rita Cosby Show, CBS, NBC, PIX, CNBC and other nationally televised programs. As a Tax Professional and Banker, Selig’s CV includes serving as Chief Financial Officer to a publicly traded company, talk radio, and being quoted in over 100 published articles.
The reverse mortgage a/k/a FHA’s Home Equity Conversion Mortgage is a very misunderstood product that has a much broader reach and more benefits to those 62 and older than illustrated in the numerous TV ads, in the media, and in the mortgage industry at large. That being said, its important to speak to a good tax accountant and attorney before you take the plunge, says David Selig of Selig & Associates. Selig & Associates is a Tax Representation firm in New York City.