Thread: Private Mortgage Insurance or HELOC?
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Old 10-27-2006, 11:04 AM
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Default Re: Private Mortgage Insurance or HELOC?
Taking out a home equity loan also allows you to deduct the interest on your taxes. One cannot deduct PMI.

I honestly think that there is just a general aversion to PMI and that banks probably do make more money on home equity loans. Just my opinion.
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