I am refinancing my 3 yr. arm mortgage & getting a fixed rate mortgage.?

I am refinancing to a fixed rate mortgage from a 3 yr. ARM. I have ,825.37 in unpaid deferred interest. A mortgage broker told me this amount can be used either as an income tax deduction or to add to the principle of my new mortgage. I don't know the concept of this at all. I would like someone to clarify this better.

Related Articles

• Mortgage Applications Rise | Contrarian Musings
• Is The Time Right To Get A Fixed Rate Mortgage? – Finance
• An adjustable rate mortgage(ARM): Should you opt for one? | Debt …
• Does anyone know what par rate is on FHA loan in KY today for 30 …
• Mortgage Refinance – Full Guidance – pressemeldungen.at

• Maine's Supply-Side Democrats | Cato @ Liberty
• Buzz » UTN no. TDS PAN card and Income Tax Return (ITR) – sharing …
• Forex Trading Seminars: Tax Deferral as an Investment Strategy
• Tax Deferral as an Investment Strategy | MyDivineMoney.com
• Malaysia: Tax policy plays major role in fiscal stimulus « Asia …

• High Risk Home Mortgage Lenders Online – How To Get A Loan With …
• Sacramento Loans and Mortgage Companies | Loans and Mortgage Directory
• Mortgage Brokers in US: Mortgage Broker's Anti-Appraisal Reform …
• Personal Money Management » Blog Archive » NAR, NAMB Fighting …
• Feds file charges in five mortgage fraud cases (Chicago Tribune)

• Mortgage & Financial Interactive News Source: New Jersey FHA …
• Consolidating Debt : Biz Day Buzz
• LPS launches new Home Price Index – National Mortgage Professional …
• Mortgage Help
• Mortgage Refinance – Full Guidance – pressemeldungen.at

• Principle of 'thermodynamics' | the-solar-company
• Swimming Lessons (and School Principles)
• HIPAA.com – Nationwide Privacy and Security Framework for …
• Welcome to my World,hope you like it here………: 5 Mistakes …
• Principle Hayley buys two Real Hotel Group properties from …

• Stock Market Analysis: Mortgage Rates Today 6/24/09 June 24, 2009
• >LuVeNa YeW
• Life Today: 4 Yr Ancient
• 6/23/09 Mortgage Rate Update « SourceFinancial's Blog
• * Weekly Foreclosure Hotsheet (06/23/09) « Northern Utah Homes …

Related Financial Planning Posts

• Can I change a Mortgage Broker after a rate lock?
• Can a mortgage company change the principle payment of a fixed rate mortgage?
• Does mortgage broker/Lender need to get a paper signed by me(borrower) before they lock a rate ?
• where can i find a mortgage interest cancellation calculator online?
• How Can I Reduce My Mortgage Payment Now That This Housing Bill Has Been Passed?
• mortgage for a land?
• If I have 2 homes and default on 1 mortgage, does the bank come after the 2nd home too?
• Who can qualify for a FHA home loan?
• Guaranteed Home Mortgage Refinance Solution
• What’s the best mortgage interest rate I can get in Northern Virginia at this time?

Tags: adjustable-rate mortgage, FHA loan, financial interactive, fiscal stimulus, fixed rate mortgage, fraud cases, group properties, home mortgage lenders, home price index, income tax deduction, income tax return, mortgage broker, mortgage companies, mortgage fraud, national mortgage, new mortgage, personal money management, principle, professional mortgage, stock market analysis, tax deferral, yr arm