Tuesday, January 8, 2008

Mortgage Insurance

Great news for Mortgage Insurance
January 2008

Congress has approved the renewal of the Mortgage Insurance Tax Deductibility, which is an extension that will apply to policies written through the year 2010.
That can be a significant savings for many homeowners. Mortgage insurance premiums can be up to 100% tax deductible, depending on ones tax situation. (Homeowners should consult with their tax advisor for exact figures.)
Mortgage insurance is an important benefit, allowing a home purchase with conventional financing and less than the required 20% down. It offers default protection without adding liens to the property. And the premiums are tax deductible. That’s value for the money!
Talk to your Axiom Financial mortgage consultant for more information about this positive tax news for homeowners!
Orem, Utah Branch (801) 765-0066
Stevan Davis
Garett Petersen
Susan Gifford