Friday, November 21, 2008

New Tax Deduction for mortgage insurance

A new law makes Private Mortgage Insurace payments deductible for loans that originated in 2007. This will eliminate the need for those borrowers who can’t put 20% down to obtain a second piggy back loan.

www.irstaxreliefassociates.com/blog/2007/05/16/new-tax-deduction-for-mortgage-insurance/