FHA’s Upfront Mortgage Insurance Premium and Monthly MI

Borrowers with a subprime mortgage who are refinancing to a FHA mortgage are often not aware of the upfront mortgage insurance premium (MIP). As the name implies, this is paid upfront at the time of close.

www.azmortgageguru.com/fhas-upfront-mortgage-insurance-premium-and-monthly-mi/

Did you know mortgage insurance is now tax-deductible?

Congress approved a bill Saturday, Dec. 9, to make mortgage insurance premiums tax-deductible. The bill, awaiting a final signature, is effective for the 2007 tax year on loans closed on or after Jan. 1, 2007.

tucsonhomeloans.blogspot.com/2007/05/did-you-know-mortgage-insurance-is-now.html