Taxpayers can only deduct the full cost of loan points on the acquisition of a house. If a borrower pays loan points to order down the speed over a refinance, the deduction is unfold out over the lifetime of the loan. If a borrower arranges a 20-12 months refinance, they https://bookmark-template.com/story15561359/how-loan-points-can-save-you-time-stress-and-money