Is it True | Are Mortgage Insurance Premiums (MIP) Deductible?
The short answer is yes, but there are some restrictions. Mortgage insurance premiums (MIP) are typically required for borrowers with a down payment of less than 20% of the purchase price of their home. MIP is designed to protect the lender in case the borrower defaults on their mortgage. Which MIP Premiums are Deductible: You … Read more