Return to the Household Finances Forum | Post a Follow-Up

Tax Deduction - Origination Fee on Refinance

Posted by choufleur (My Page) on
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:

RE: Tax Deduction - Origination Fee on Refinance

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.

 o Post a Follow-Up

Please Note: Only registered members are able to post messages to this forum.

    If you are a member, please log in.

    If you aren't yet a member, join now!

Return to the Household Finances Forum

Information about Posting

  • You must be logged in to post a message. Once you are logged in, a posting window will appear at the bottom of the messages. If you are not a member, please register for an account.
  • Please review our Rules of Play before posting.
  • Posting is a two-step process. Once you have composed your message, you will be taken to the preview page. You will then have a chance to review your post, make changes and upload photos.
  • After posting your message, you may need to refresh the forum page in order to see it.
  • Before posting copyrighted material, please read about Copyright and Fair Use.
  • We have a strict no-advertising policy!
  • If you would like to practice posting or uploading photos, please visit our Test forum.
  • If you need assistance, please Contact Us and we will be happy to help.

Learn more about in-text links on this page here