Real estate blog entries tagged with prepaid interest by Lori Dee Doerfler, (928) 208-9827 (RE/MAX Prestige Properties)

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Home : Blogs : Lori Dee Doerfler, (928) 208-9827 : Lori Dee Doerfler, (928) 208-9827's Blog : Tag "prepaid interest"

prepaid interest: Points...What Points? - 01/23/12 02:20 PM

Points refer to prepaid interest on a home mortgage and can be fully deductible by the buyer in the year paid if the right conditions exist. The points must be used to buy, build or improve a taxpayer's principal residence but not all fees charged by the lender are necessarily deductible.
According to IRS Publication 936, "The term 'points' is used to describe certain charges paid, or treated as paid, by a borrower to obtain a home mortgage. Points may also be called loan origination fees, maximum loan charges, loan discount, or discount points. A borrower is treated as paying any points … (2 comments)

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Lori Dee Doerfler, (928) 208-9827

Lake Havasu City, AZ

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RE/MAX Prestige Properties

Address: 330 Smoketree Avenue S, Lake Havasu City, AZ, 86403

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