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Personal Finances / Buying or Selling a Home


Subject:  Re: Refinancing without paying points? Date:  4/22/2001  9:18 AM
Author:  reallyalldone Number:  19477 of 128887

I don't know if this matters in your calculations, but points are fully deductible in the year they are paid. That could save you $560 ($2,000 at 28%) during that first year.

Unless the thread has veered OT and unless the rules have changed, points on a refi are deductible over the life of the loan. New purchase points are deductible in the year they are paid.


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