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April 02, 2007
PMI Now Tax Deductible
Good tax news
if you have private mortgage insurance.
if you have private mortgage insurance.
At the end of 2006, with the passing of its omnibus tax bill, Congress made private mortgage insurance for middle-income home buyers tax deductible in 2007. Private mortgage insurance, or PMI, is required when a homebuyer puts down less than 20% and protects the lender in the event of foreclosure.
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Posted on April 2, 2007 10:52 AM by mortga184.
Filed in Mortgage Calculator under mortgage insurance.
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