Mortgage Insurance now deductible

Congress has passed a bill making MI premium payments deductible for homeowners with adjusted an gross income of less than $100,000.00* (for new originations beginning January 1, 2007). *100% of MI premiums can be deducted for borrowers with adjusted gross incomes of $100,000.00 or less. For borrowers with adjusted gross incomes between $100,001.00 and $110,000.00, deductions are phased out at 10% increments.

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Bradenton Real Estate