Private Mortgage Insurance will be Tac Deductible in 2007
Posted Dec 15, 2006 @ 3:38 pm, Viewed by 499 Visitors, Read 500 Times.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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Hi, let me introduce myself, I’m Calum MacKenzie. My wife Kathy and I are Tampa real estate professionals who take our business seriously… okay, so sometimes I’m not so serious, but definitely personally. Read More
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