Knox County Ohio Blog

A Blog dedicated to the real estate market in Mount Vernon, Apple Valley, Howard, Fredericktown, Centerburg, Gambier, Danville and all of Knox County.

Saturday, December 16, 2006

Tax Deduction Created For Mortgage Insurance

Mortgage insurance is one of those fees that borrowers hate, but lenders love. to a borrower, it is throwing money down the drain. The a lender, it is minimizing his risk. The insurance is charged on private and government home loans if the down payment is less than 20 percent. Legislation just passed by Congress will allow us to deduct the mortgage insurance premium on our tax returns. Full story...

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