Category Archives: PMI tax deduction

Loans With No Private Mortgage Insurance Are Available

Pic credit to Vichie81     Are there  loans without private mortgage insurance or mortgage insurance where less than 20% equity, or less than a 20% down payment exists?  YES.  There is a loan option called lender paid mortgage insurance.  What happens is that the lender buys the private mortgage insurance instead of the borrower.  The cost for the […]

PMI Is A Tax Deduction? Who Knew?

PMI, otherwise know as private mortgage insurance, is that nasty insurance borrowers have to pay that protects the lender on a California mortgage when buying or refinancing a home and your first trust deed is greater than 80% of the appraised value. For much of the past decade, borrowers opted for a first and second mortgage […]