MI Tax Deductibility

 

Standard MI Coverage vs Piggyback

When determining loan options that best meet your borrowers’ individual needs, make sure to consider the benefits of a single loan with MI versus a piggyback loan:

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PMI cannot provide tax advice. Taxpayers should consult their own tax advisors concerning applicability of this new deduction to their particular circumstances under the Internal Revenue Code and the laws of any other taxing jurisdiction. This information is not intended or written to be used, and it cannot be used, for the purpose of avoiding U.S. federal, state or local tax penalties.

 

Mortgage insurance discussed in this website is underwritten by PMI Mortgage Insurance Co. in all states except New York and by PMI Insurance Co. in New York.

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