1. Deducting points you paid towards your mortgage
The points you pay on a loan to buy, build or substantially approve on your primary residents are fully deductible in the year you pay them.
2. Private mortgage insurance
Also known as PMI. Homeowners who are making less than $100,000 per year can itemize and write it off.
You have no idea what your current home is worth
Sometimes the market is just not in your favor right now, and there might be little changes you can make that can increase the value of the home you're currently in. Get a free and accurate home value report from one of our team members if you're unsure or haven't checked your home's value in a while.