The Motley Fool Discussion Boards

Previous Page

Personal Finances / Buying or Selling a Home

URL:  http://boards.fool.com/i-dont-know-if-this-matters-in-your-14818326.aspx

Subject:  Re: Refinancing without paying points? Date:  4/22/2001  9:18 AM
Author:  reallyalldone Number:  19477 of 128585

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.

rad

Copyright 1996-2017 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us