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Loan points for Dummies

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Taxpayers can only deduct the full cost of loan points on the acquisition of the property. If a borrower pays loan points to acquire down the speed over a refinance, the deduction is distribute out over the lifetime of the loan. If a borrower arranges a twenty-year refinance, they will https://nybookmark.com/story15372497/the-2-minute-rule-for-loan-points

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