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Posts Tagged ‘mortgage interest’

MD, VA, DC Mortgage Interest Tax Deduction: 2024 Guide

By John Downs - Certified Mortgage Advisor | October 16, 2024
First-time homebuyer calculating mortgage interest tax deduction savings on a new home purchase in Washington, DC

This page has been updated for 2026.SALT cap has increased to $40,400, PMI is now deductible, and the mortgage interest deduction has been made permanent. Visit our updated guide with an interactive calculator: [2026 Mortgage Interest Tax Deduction Calculator →] 2024 Mortgage Interest Tax Deduction: What First-Time Homebuyers Need to Know By John Downs -…

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The Downs Group at Vellum Mortgage
The Downs Group at Vellum Mortgage

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Vellum Mortgage, Inc., NMLS #1657323, Equal Housing Lender. This is not an offer to enter into an agreement. Not all customers will qualify. All products subject to credit and property approval and not all products available in all states or for all dollar amounts. Refinancing your loan may increase the total finance charges over the life of your loan.