cred65 Posted March 16, 2010 Report Posted March 16, 2010 TP says the banker informed him that it was deductible. PMI = Pardon My Ignorance" for not knowing what it is and asking this stupid ???. TIA Quote
grandmabee Posted March 16, 2010 Report Posted March 16, 2010 TP says the banker informed him that it was deductible. PMI = Pardon My Ignorance" for not knowing what it is and asking this stupid ???. TIA premium for mortgage insurance. it is deductable on A with limitation. Quote
jasdlm Posted March 16, 2010 Report Posted March 16, 2010 Doesn't it have to be amortized over the life of the loan? Quote
Terry D EA Posted March 17, 2010 Report Posted March 17, 2010 No, I think you are referring to points paid that are rolled into the loan. Quote
jasdlm Posted March 17, 2010 Report Posted March 17, 2010 Sheesh . . . you are absolutely right, Terry . . . I need to sleep for several hours! Quote
TAXMAN Posted March 22, 2010 Report Posted March 22, 2010 Don't think this applies to VA Funding Rule. My tp got hit with a 3.30 point clip clearing stated as VA Funding. WOW what a chunk of change. Quote
Lion EA Posted March 22, 2010 Report Posted March 22, 2010 3.3 means it's his second time going back to the well. VA raises the rate the second time so a vet doesn't cost the rest of us taxpayers too much too many times while still trying to balance that with vets being able to own homes. Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.