Search results

Patrick L.--seems like you've already decided on a course of action (which makes sense to me, BTW), but I'll give you my limited understanding on how a tax-advantage loan works. Basically, if you don't have enough down to reach the 80% LTV ratio and don't want to deal with second and/or third...

Patrick L.--to reiterate in part what Keith was alluding to regarding PMI vs. more interest--you can write-off/itemize interest on your tax return but you can't write-off/itemize PMI. One is not limited to doing the 85-15 loan option to remove PMI, however; you can do what's called a tax...