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Mortgage Insurance Tax-Deductible for Some Home Buyers

Mortgage Insurance Tax-Deductible for Some Home Buyers

This is a discussion on Mortgage Insurance Tax-Deductible for Some Home Buyers within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; As down payment requirements are rising, did you know that you may qualify for a tax savings in the form ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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11-02-2008, 08:42 PM

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Mortgage Insurance Tax-Deductible for Some Home Buyers

As down payment requirements are rising, did you know that you may qualify for a tax savings in the form of tax-deductible bmortgage/b insurance payments? Congress created a provision in 2006 that allows some home buyers to deduct bmortgage/b b.../b

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