Here’s some good news that Diane Scholten, a mortgage consultant with Platinum Mortgage, passed along to me.
Yesterday President Bush signed into law the Tax Relief and Health Care Act of 2006. One provision will allow taxpaying homeowners with an adjusted gross income of $100,000 or less to fully deduct the cost of private or government mortgage insurance. The law will be in effect for purchase and refinance loans closed on or after Jan. 1, 2007.
ABOUT THE AUTHOR
Fran Bailey shows, previews and tracks downtown Chicago homes for sale giving her the insights needed to help her clients negotiate the best price and terms. Fran has been quoted in numerous Chicago and national publications. To schedule showings of listings regardless of broker or to contact Fran email her at fran.bailey@bairdwarner.com or call 773.793.4516. Learn More
Fran Bailey, Realtor
