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5 Simple Statements About loan points Explained

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Taxpayers can only deduct the entire cost of loan points on the acquisition of a residence. If a borrower pays loan points to purchase down the rate with a refinance, the deduction is spread out over the lifetime of the loan. If a borrower arranges a twenty-calendar year refinance, they https://bookmarkbirth.com/story13449754/how-loan-points-can-save-you-time-stress-and-money

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