Real estate blog entries tagged with pmi tax deductions by JR Sangiuliano (CENTURY 21 JRS Realty)

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Home : Blogs : JR Sangiuliano : JR's Blog : Tag "pmi tax deductions"

pmi tax deductions: Deduct Private Mortgage Insurance - 08/02/10 08:46 AM

Homeowners who are eligible to deduct private mortgage insurance, or PMI, premiums can shave hundreds of dollars off their income tax bills.
Your lender should cancel your private mortgage insurance once you have 22% equity. Image: Susan Vogel/UpperCut Images/Getty Images
If you put down less than 20% on a house, expect to be required to purchase private mortgage insurance, which protects the lender in the event you default on the home loan. That's a good deal for the lender, considering you're the one paying the PMI premiums.But PMI is also a good deal for aspiring homeowners. Many people, especially first-time buyers, … (0 comments)

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JR Sangiuliano

Clark, NJ

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CENTURY 21 JRS Realty

Address: 138 Westfield Ave, Clark, NJ, 07066

Office Phone: (732) 396-0606 x 21

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"You can have anything you want in life if you help enough other people get what they want". Zig Ziglar. That is my golden rule, and it trickles down to every agent. Agents help client get what they want, and I help agents get what agents

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