Tax-Deductible, but Worth It?; Provision Puts New Light On Mortgage Insurance
The Milwaukee Journal Sentinel › February 11, 2007
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Summary
Deductibility of premiums for mortgage insurance is a new wrinkle of the federal tax code, but the provision long sought by Milwaukee's MGIC Investment Corp. is catching on very slowly.
The main reasons for its lethargic reception include lack of knowledge by brokers; the belief of many brokers that there are better alternatives to the insurance for people with small down payments; and the limitations of the law.See the full content of this document
Extract
Tax-Deductible, but Worth It?; Provision Puts New Light On Mortgage Insurance
Still, the law could help buyers.
"For the first time ever, there is the possibility that (mortgage insurance) is a great idea," said Brad Stroh, co-chief executive officer and founder of Bills.com, a personal finance Internet portal based in San Mateo, Calif. "You could end up savi...See the full content of this document
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