PMI Deductibility Extended

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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About lizschneider66

Mortgage consultant with over 19 years experience. First time buyers, move up buyers, construction, FHA/VA, Jumbo loans, investment property purchases, & refinances- I will find the solution to financing the American dream of homeownership! Subscribe to my blog and never miss any mortgage industry news. I am Vice President of the North Coast Building Industry Association, Lorain County Association of Realtors, Working Women Connection and Womens Council of Realtors.
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