Mortgage
Mortgage - Homeowner Tax Savings
Refinancing Now May Allow You to Deduct PMI Premiums
Generally, homeowners who qualify for conventional mortgage loans and whose loans exceed 80% of the value of their homes have to pay for Private Mortgage Insurance (PMI). If you are in this group, you should know about a new deduction that might help take a bit of the sting out of this financial bite each month.
There are limitations (such as income levels) that will determine whether you can claim this deduction.
Refinancing Now May Allow You to Deduct PMI Premiums
Generally, homeowners who qualify for conventional mortgage loans and whose loans exceed 80% of the value of their homes have to pay for Private Mortgage Insurance (PMI). If you are in this group, you should know about a new deduction that might help take a bit of the sting out of this financial bite each month.
There are limitations (such as income levels) that will determine whether you can claim this deduction.
