No you do not qualify bscuaee you name on the deed means that you are one of the legal owners and you must not have owned a home in the last three years to qualify for this credit.Probably not the smartest move tax-wise for your mom or you. She should talk to a tax adviser and maybe she did and she had her reasons to do this.Otherwise she would have been better off naming you as the beneficiary in her will.
over five years ago
You are right. You should have gotetn a term insurance and cancel it at 60.Treat it like a car insurance taken up to 60 when you decide to stop driving. Any cash value from car insurance? Did you cry foul? No. Why then is everybody concerned about cash value when recommended term? Car insurance is an expense and so is term insurance.If you want good return invest in funds seperately.. Ii is the best way to accumulate wealth, and not endowment and whole life or revosave or sabosave.