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 jonunderwood007
Joined: 03 Sep 2009
Posts: 38
-0.40 Dollars($)
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 Posted: Fri Sep 11, 2009 12:20 am Post subject: PMI |
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| Does PMI Offer Any Tax Advantages |
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nelsoncarolyn1946
Joined: 03 Sep 2009
Posts: 38
0.00 Dollars($)
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| Posted: Fri Sep 11, 2009 4:20 am Post subject: |
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hi jonunderwood007
The larger loan possible with PMI boosts your tax deductions for mortgage interest.
Premiums vary. They are determined by the size of the down payment, the type of mortgage and amount of insurance. Premiums are typically included in your monthly mortgage payment. |
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gmakerley
Community Mentor
Joined: 09 Nov 2007
Posts: 9749
Location: bloomfield, ct
35.02 Dollars($)
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| Posted: Fri Sep 11, 2009 7:13 am Post subject: |
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yes...mortgage insurance premiums paid are allowable tax deductions.
_________________
George M. Akerley
Loan Consultant
860-221-5044 |
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smithsara302
Joined: 12 Jun 2009
Posts: 116
-0.16 Dollars($)
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| Posted: Fri Sep 11, 2009 11:03 am Post subject: |
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| yes defenately PMI offers tax advantage |
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simonhovell
Joined: 03 Sep 2009
Posts: 36
-0.12 Dollars($)
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| Posted: Fri Sep 11, 2009 11:12 am Post subject: |
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yes.
you can take tax benfit againg PMI payment |
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catharin9
Joined: 14 Jul 2009
Posts: 169
-0.07 Dollars($)
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| Posted: Sat Sep 19, 2009 1:17 am Post subject: |
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