A real refinance example is:
- Code: Select all
A. Origination Charges $1,640.00
01 % of Loan Amount (Points)
02 Funding Fee $350.00
03 Processing Fee $595.00
04 Underwriting Fee $695.00
A. Origination Charges $1,640.00
01 % of Loan Amount (Points)
02 Funding Fee $350.00
03 Processing Fee $595.00
04 Underwriting Fee $695.00
DavidG wrote:Don't know why, but the 1,640 amount above are points and are deductible. If it is a refinance on a personal residence, then the points would be amortized over the life of the loan.
HowardS wrote:In your example A01-04 are the points (itemized) and are a percentage of the loan amount (as stated by A01)
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