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Thu, Jan 29, 04 at 20:47
| Paid an origination fee when I refinanced my 30-year mortgage this year. Thought I read somewhere that you can only deduct 1/30th of the origination fee each year on a 30-year mortgage refinance (or 1/20th on 20-year, etc.). Thanks for your feedback. |
Follow-Up Postings:
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| That is correct. You can deduct your points the first year on a purchase, but you must spread them out over the life of the loan for a refinance. |
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