All Posts Tagged With: "private"
When Can I Cancel Private Mortgage Insurance?
Question: Can I get a straight answer to a question? I want to cancel my private mortgage insurance (MI). I bought a home for $280,000 and borrowed $250,000. The property is now worth no less than $350,000. I have at least 20 percent equity and yet the lender will not allow me to cancel my [...]
22Aug2008 | Peter G. Miller | 0 comments | Continued
Are Fees For Private Mortgage Insurance Deductible?
Yes. In the closing hours of the 109th Congress a long-time irritation was resolved: Fees for mortgage insurance will be tax-deductible for huge numbers of homeowners beginning in 2007. Mortgage insurance has been the key to homeownership for millions of buyers. Unlike other forms of insurance, mortgage insurance does not protect against some future and [...]
20Aug2008 | Peter G. Miller | 0 comments | Continued
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