New tax deduction created for mortgage insurance

Mortgage insurance will be tax-deductible in 2007. For some homeowners, the new law means it will cheaper to get mortgage insurance instead of getting piggyback loans. The 109th Congress passed the tax law in its final hours.

www.getthehomeloanyouwant.com/journal/2007/1/21/new-tax-deduction-created-for-mortgage-insurance.html

Mortgage Insurance now tax deductible!

Big News from Congress... As you probably know, Private Mortgage Insurance (PMI) is required anytime a loan is taken out with a higher "loan to value" ratio of 80%, as the loan is riskier to the lender.

charlotterealtor.vox.com/library/post/mortgage-insurance-now-tax-deductible.html