Posted 5 years ago (December 15th, 2006)
Private Mortgage Insurance will be Tac Deductible in 2007
Beginning in 2007 households earning less than
$100,000 annually will be able to take a full deduction on their
private mortgage insurance (PMI). PMI is typically required
when a homeowner puts less than a 20% deposit down on their
home.
This
is obviously good news, especially for first time home buyers who
often have a difficult time coming up with an initial
deposit. In the Tampa real estate market where prices have
risen dramatically in recent years, it’s difficult for many first
time home buyers to save enough for a 20% deposit. First time
home buyers interested in purchasing a home in Tampa can search the
Tampa MLS
here.
See
the full story at Florida
Association of Realtors.
Relocating to Tampa Florida? TampaHomes24-7.com is a one-stop source for all kinds of information related to the Tampa real estate market, including Wesley Chapel real estate.
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About the Author
Calum
813-948-5900
Hi, let me introduce myself, I’m Calum MacKenzie. My wife Kathy and I are Tampa real estate professionals who take our business seriously… oka... Read More
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