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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