pmi: Cancel Your Private Mortgage Insurance - 05/30/10 11:38 AM
Private mortgage insurance is unavoidable for some homeowners, but don't pay PMI premiums a day longer than required by your lender.
 
Private mortgage insurance provides protection to a lender in case you default on your home loan. Unless you make a 20% downpayment on a house, you'll most likely be required to purchase PMI. PMI premiums on a median priced home ($198,100 in 2008) can run between $50 and $100 per month, according to the Mortgage Insurance Companies of America.
 
PMI might be unavoidable, but it isn't eternal. Knowing exactly when you're entitled to cancel coverage can save you … (1 comments)

pmi: Deduct Private Mortgage Insurance - 01/18/10 02:46 AM
Homeowners who are eligible to deduct the PMI premiums paid on a mortgage can shave hundreds of dollars off their income tax bills.
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, can't come up with big downpayments. PMI encourages lenders to give them mortgages anyway.Don't pay PMI a … (3 comments)

 
Rolando Trentini (F.C.TuckerEmge Realtors, LLC)

Rolando Trentini

Evansville, IN

More about me…

F.C.TuckerEmge Realtors, LLC

Address: 7820 Eagle Crest Blvd., Evansville, IN, 47715

Office: (812) 479-0801

Mobile: (812) 499-9234

About Me The Trentini Team of F.C. Tucker EMGE REALTORS® provides exceptional service to each of their clients as they help them to achieve their real estate goals. With their knowledge, experience and background, both Kathy and Rolando bring one-of-a-kind perspectives to the table during all of their real estate transactions. Their excellent communication skills combined with their passion for real estate allows The Trentini Team to follow through every time with the highest level of service possible. Rolando and Kathy are your premier Evansville and Newburgh, Indiana real estate source. They can help you buy your dream home or sell your current home for the best price possible. To learn more about what The Trentini Team can do you for you, contact us today!


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