Tag Archive : mortgage insurance

Some Better News About Private Mortgage Insurance (PMI) !

       CONVENTIONAL Loans / FHA, VA & Conventional Related / General / Latest News & Updates

Private Mortgage Insurance (PMI) is a necessary evil when you borrow more than 80% on a Conventional loan. But in 2007 the Govt. passed the Mortgage Forgiveness Debt Relief Act which allowed PMI to be tax deductible if you fit certain income criteria. Unfortunately that Rule expired in 2011 which meant in 2012 homeowners couldn’t write off PMI as a…… Read More »