If you live in the state of California and you desire to buy a home, you should know how to calculate the taxes and insurance costs associated with home mortgages. To arrive at the best estimate of your monthly mortgage payment, you will have to estimate you property taxes, hazard insurance, and if required, the… (read more)
Archive for November 2011
Can You Write Off Mortgage Insurance?
You can write off mortgage insurance when you file your personal income tax, but you must follow the rules published by the Internal Revenue Service (IRS). In 2006 Congress answered a petition by the insurance companies asking for mortgage insurance premiums to be an allowable deductible on personal income tax returns. Before the enacting of… (read more)