Pre-paid interest is deductable

Tax day is only days away! (This year it's April 17) One of the benefits of homeownership is that you can deduct your mortgage interest. If you have a mortgage you received a year-end statement back in January showing how much interest you paid. But, if you bought your home in 2006, you can add any pre-paid interest that you paid. You can find this amount on the HUD-1 statement that you received at closing. If you purchased from me and you can't find you HUD-1, call me or email me and I will send you a copy. For more info on this deduction, click here.