What Is Qualified Mortgage Insurance?

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What Is Qualified Mortgage Insurance? – This is a place for the community to provide tips and advice on What Is Qualified Mortgage Insurance?. This topic was created by Freek Bodemeijer and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

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Qualified Mortgage Insurance Premium Definition | Investopedia More
Published: 9 years, 3 month(s) ago by Marielle Brinkman | permalink
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Premium paid by homeowners on mortgage insurance for FHA loans that can be deducted in the same manner as home mortgage interest. Qualified mortgage-insurance premiums can be deducted in addition to allowable mortgage interest for up to three years. In order to qualify, the mortgage must have been originated after 2006.
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For further reading: http://www.investopedia.com/terms/q/qualified-mortgage-insurance-premium.asp ^[1]

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Own Your House? Don't Miss Out on This Tax Deduction More
Published: 9 years, 3 month(s) ago by Bonny Austin | permalink
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Mortgage insurance premiums may be tax deductible. To qualify, the insurance policy must be for home acquisition debt on a first or second home. This itemized tax deduction is valid for the years 2007 through 2013.

For further reading: http://taxes.about.com/od/deductionscredits/qt/mortgageinsuran.htm ^[2]

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Is Private Mortgage Insurance Considered a Qualified Mortgage Insurance Premium? More
Published: 9 years, 3 month(s) ago by Robert Blackburn | permalink
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The Internal Revenue Service allows for certain mortgage-related deductions from taxable income. The deduction of interest over the life of your mortgage can typically save you thousands of dollars ...

For further reading: http://budgeting.thenest.com/private-mortgage-insurance-considered-qualified-mortgage-insurance-premium-28957.html ^[3]

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Freek Bodemeijer

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Category: Fun | 9 years, 3 month(s) ago

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Robert Blackburn, Bonny Austin, Marielle Brinkman

References & Citations

1. http://www.investopedia.com/terms/q/qualified-mortgage-insurance-premium.asp

2. http://taxes.about.com/od/deductionscredits/qt/mortgageinsuran.htm

3. http://budgeting.thenest.com/private-mortgage-insurance-considered-qualified-mortgage-insurance-premium-28957.html