It is a help when tracing your family history to know something about the origin of and evolution of Irish names and particularly how names have changed over the centuries.
Repayment mortgage. With repayment mortgages you pay the interest and part of the capital off every month. At the end of the term, typically 25 years, you should manage to have paid it all off and own your home.
As with a traditional mortgage, interest on a reverse mortgage is deductible; however, this deduction is limited to interest paid on no more than $100,000 of loan principal. This is the IRS limit on home equity debt. reverse mortgage pays homeowners in advance for title to their principal residence. The loan comes in the form of a lump-sum or monthly payment, or a line of credit. When the homeowner moves out or dies, the loan is repaid by the heirs of the estate or after sale of the property.