FHA lowers mortgage insurance to 0.85% from the current 1.35% is a HUGE benefit and savings for FHA insured mortgage loan borrowers. This huge lowering of fha annual mortgage insurance premium will benefit home buyers, refinance mortgage loan borrowers, and FHA streamline refinance mortgage loan borrowers.
how much can you borrow on a home equity loan mortgage refinance tax deduction PDF Irs Tax Tip 2003-32 Refinancing Your Home – mortgage may be deductible as mortgage interest. Points paid to obtain an original home mortgage can be, depending on circumstances, fully deductible in the year paid. However, points paid solely to refinance a home mortgage usually must be deducted over the life of the loan.