What's going on in the Real Estate & Mortgage Industry?

*This bill carries the provision for tax payers who purchase homes in 2007 and have incomes at or below $100,000 of the mortgage insurance premium from their itemized taxes.  The premium deduction is reduced for 10% for each $1,000 by which the tax payers adjusted gross income exceeds $100,000.  Homebuyer's should consult with their tax advisors for complete information.

Buyer's Benefits:

• Paid premiums are 100% deductible for families making $100,000 or less.*
• Payments are predictable, the insurance premium stays the same each month regardless of changes in the interest rates.
• Insurance can be cancelled once there is enough equity.  Most investor will require you to wait 2 years before cancelling insurance.
• Payments are simple- just one monthly payment.