Tag Archives: points

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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Q&A: Refinancing mortgage, closing costs, points??

by RambergMediaImages Question by Nightflyer: Refinancing mortgage, closing costs, points?? If you have a 5.875% adjustable rate and know it will surely go up next year, should you refinance now at 5.75% fixed with 1 point + closing cost? 50,000 … Continue reading

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When refinancing a mortgage, can you deduct BOTH buy-down points and origination fees?

by J. Stephen Conn Question by falsi fiable: When refinancing a mortgage, can you deduct BOTH buy-down points and origination fees? I haven’t received a 1099 yet. I refinanced through CashCall but my loan was immediately sold to and is … Continue reading

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What are the advantages/disadvantages of converting lenders’ fees to points when refinancing a mortgage?

by justin Question by maraya: What are the advantages/disadvantages of converting lenders’ fees to points when refinancing a mortgage? Best answer: Answer by T JAdvantage: Less cash to have up front at closing- a good thing to some and depending … Continue reading

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Q&A: Can anyone explain the points system in refinancing a mortgage?

Question by Jes: Can anyone explain the points system in refinancing a mortgage? I understand loan officers charge certain amount of points to do the loan, and i know a buyer can purchase discount points. But why do they have … Continue reading

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Does it make sense to buy mortgage points by refinancing?

Question by Claudio F: Does it make sense to buy mortgage points by refinancing? I know that points reduce the interest rate and they can be deducted during the life of the mortgage, but does it really make sense financially … Continue reading

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