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re: FHA: Insurance premiums for mortgages will no longer be phased out at 78%

Posted on 1/31/13 at 2:16 pm to
Posted by Newbomb Turk
perfectanschlagen
Member since May 2008
9961 posts
Posted on 1/31/13 at 2:16 pm to
quote:

flat fee based on initial loan ammount.

Posted by Catman88
Baton Rouge, LA
Member since Dec 2004
49125 posts
Posted on 1/31/13 at 2:21 pm to
Did they change a law this year about how much you can deduct form Mortgage insurance as well? I was only able to deduct 50% of the amount I deducted last year.
Posted by C
Houston
Member since Dec 2007
27832 posts
Posted on 1/31/13 at 2:49 pm to
well if that's the case, then this is very fricked up. Why not just increase the rate to reflect what the percieved risk is instead of an arbitrary PMI number? I know, I know: fairness.
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