Did you know that Private Mortgage Insurance premiums are tax deductible for families with a household income of up to $100,000.
Households with incomes between $100,001 & $109,000 can qualify for a reduced deduction.
This applies for loans closed on or after January 1, 2007 thru December 31, 2011.
Consult your tax advisor for details!!
Private Mortgage Insurance may be cancelable after 22% equity is built up based on the original purchase price of the home.
Here’s to a great 2011!!
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