Here's a good article on how to handle the 20% down required by some lenders.
[quote]
New federal tax legislation expected to be signed by President Bush today gives some consumers even more reason to turn to mortgage insurance. The new law makes the insurance premiums tax deductible for some borrowers who take out new mortgage-insurance contracts in 2007. That is in addition to the tax deduction homeowners can already take on the mortgage interest they pay.[/QUOTE]
New Jersey Real Estate Report » Mortgage Insurance or Piggyback?
Should you get mortgage insurance?
