Qualified mortgage insurance premium

Qualified mortgage insurance premium,

Definition of Qualified mortgage insurance premium:

  1. Amount paid for insurance on FHA mortgages that can be deducted on income tax returns. This deduction can be claimed in addition to the deduction for home mortgage interest. It can be claimed for up to three years, and it applies only to mortgages issued after 2006.

Meaning of Qualified mortgage insurance premium & Qualified mortgage insurance premium Definition