FreedomWide- DEBT CONSOLIDATION, LOWER MONTHLY PAYMENTS, CONSOLIDATE DEBT

For the first time, many low- and moderate-income families who purchased homes using private or government mortgage insurance will be able to deduct those premiums when they file their 2007 federal tax returns next month, says Kevin Schneider, president of the Mortgage Insurance Companies of America. The tax deduction was approved by Congress in late 2006 and applied to loans with mortgage insurance that closed in 2007. Congress voted in December of last year to extend the mortgage insurance tax deduction through 2010.
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Tags: Late payments, Mortgage Defaults, Mortgage Insurance

This entry was posted on Thursday, March 27th, 2008 at 8:56 pm and is filed under Mortgage News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.