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synic213 · 03-23-2004, 10:03 AM

Thanks Gar, I think I have it figured out now.

I did do a "no-cost" refi and paid two points to lower the interest rate back down. I paid these two points up front, completely, during the refi, and so I believe that the full cost of these points can be deductable this year. The mortgage lender recomended formating the loan this way specifically so that I could get the tax break. Do you think this is a good way to go (if I ever have to do it again)?

03-23-2004, 10:03 AM	#44 (permalink)
synic213 Crazy Location: Sunny San Diego	Thanks Gar, I think I have it figured out now. I did do a "no-cost" refi and paid two points to lower the interest rate back down. I paid these two points up front, completely, during the refi, and so I believe that the full cost of these points can be deductable this year. The mortgage lender recomended formating the loan this way specifically so that I could get the tax break. Do you think this is a good way to go (if I ever have to do it again)?