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Call Dan at 513-443-2020 | A “New” Form Of Mortgage Insurance That Gives Tax Deductions To Everyone
Posted on February 27, 2008
Filed under Mortgage Insurance
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Private Mortgage Insurance (PMI) came back in vogue in 2007 for a number of reasons, the most widely-known of which was that PMI was suddenly tax-deductible.
But it came with a catch. Only families earning less than $100,000 could take the full tax deduction. For everyone else, PMI was same as it ever was.
Quietly, though, a less-well-known mortgage option called "Lender-Paid Mortgage Insurance" is emerging as a popular PMI alternative.
Lender-Paid MI is winning hearts for two major reasons:
Dan Green is an active loan officer. Email or call 513-443-2020. Dan is on Twitter at @mortgagereports.
