Tag Archives: deductible

Are mortgage points deductible in the yr of pmt or do I spread them over life of loan?

Question by Surjit T: Are mortgage points deductible in the yr of pmt or do I spread them over life of loan? I am a 1st time home buyer and am in a high tax bracket (33%). I am considering … Continue reading

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Is Upfront Mortgage Insurance paid at a mortgage refinancing deductible from income taxes?

Question by Fred M: Is Upfront Mortgage Insurance paid at a mortgage refinancing deductible from income taxes? I am pretty sure it is deductible when you a buying a home; just want to know if it is deductible when refinancing … Continue reading

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