tax deductible mortgage insurance: Save Money by Deducting Your Mortgage Insurance - 03/29/07 06:32 PM
Borrowers who are closing loans in 2007 and who have annual combined household incomes of $100,000 or less now qualify to deduct the full cost of their mortgage insurance premiums on their federal tax return, according to a press release from the U.S. government. This legislation was passed by Congress and signed by President Bush in late 2006.
For homebuyers, this law helps to increase their buying power, simplify the mortgage process, create easier refinancing opportunities and broaden their cash-flow options.
"Making the cost of mortgage insurance tax-deductible helps those who need it most: low and moderate income Americans, primarily first-time … (2 comments)

 
Don Orrell, Branch Manager (Primary Residential Mortgage, Inc)

Don Orrell

Branch Manager

Bend, OR

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Primary Residential Mortgage, Inc

Address: 384 SW Terrace Suite 210, Bend, OR, 97702

Fax: 801-362-3252

Office: 541-241-8456

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We continually look for opportunities to further our knowledge and believe that we will provide you with the best service anywhere. Servicing Realtors and their clients for over 20 years.


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