Kansas City Real Estate Overland Park Homes

Good News of tax deductions for Homeowners and Kansas City Home Buyers

Congress has just extended the federal tax deduction of mortgage insurance premiums (PMI) for 3 more years (until 2010)! PMI is the insuring fee for those Kansas City home buyers with less than 20% down payment.

The tax break is for all home buyers including Kansas City families that have adjusted gross income of $100,000 or less.

Home buyers in Overland Park had thought that PMI was unnecessary because the 80/20 or 100% loans. The buyers didn't feel it was worthwhile paying the PMI fee unless it was also tax deductible. Now they have their wish for 3 more years!! If you would like more information on PMI or further details on buying a home in Overland Park area, contact us via email or call us at 913-312-3614 Listen to our podcast about local conditions in the Johnson County area.

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