Is Private Mortgage Insurance Tax Deductible?

The private mortgage insurance allows the borrower to acquire a mortgage in which the down payment is less than twenty percent.

Actually, the mortgage insurance is either government or private.

To acquire the mortgage insurance is an alternative for piggyback second mortgage.

The tax deductible applies for modest income earners.

Additionally, the tax deductible only applies to new mortgage.

This is good news to the millions of Americans.

More importantly, the mortgage insurance will be made affordable with this turn of event.

Like the mortgage interest tax deduction, the mortgage insurance tax deduction benefits millions of American.

Fixed mortgage rates at 40 yr low.