PrivateMI premiums are now tax deductible for qualified borrowers who purchase or refinance a home in 2007.
Now many families can enjoy the stability of PrivateMI's predictable monthly premium and deduct those premiums when they file their taxes. Families with a household income of $100,000 or less will be able to deduct the full premium cost of PrivateMI in 2007, while families earning up to $109,000 can qualify for a reduced deduction.
Affording a 20 percent down payment has long been the greatest barrier to homeownership, especially for first-time buyers. Since PrivateMI is now deductible for low- to moderate-income Americans, more people can now afford to buy the home they've always wanted or refinance out of existing home mortgages up to the original loan amount.
PrivateMI is already affordable, predictable, and cancelable - now it's deductible, too. When it comes to financing a home, PrivateMI is today's smart choice.
