Aug 11, 2012 . The term "points" is used to describe certain charges paid to obtain a home mortgage. . Your loan is secured by your main home (your main home is the . The amount is clearly shown as points on your settlement statement.
Home loan points may be deductible
Loan points are fully deductible in the year paid if they meet all of these . The amount is clearly shown on the settlement statement as points charged for the .
What Can Be Deducted When Refinancing Rental Property ...
Dec 26, 2011 . What can be deducted when refinancing a rental, points, settlement . some of the expenses you paid in connection with securing the loan.
Oct 14, 2009 . Points on your mortgage settlement statement: What are they? By Trulia . Lenders charge points to cover the costs of a loan. If a borrower has .
Buying a Home - Understanding the HUD-1 Settlement Statement
The HUD-1 settlement statement is the standard real estate settlement form for federally-related . If the fee is a percentage of the loan amount, the percentage will be stated. Line 802 is used to record the "points" charged by the lender.
Not every borrower pays points on every loan. 1. Find which fees on your HUD-1 settlement statement are points. Not all of your closing costs are points. Locate .
Mortgage Basics - What are points? - MLSLI.com Long Island Real ...
Points are often called different names -- such as loan discounts or . or at least have the settlement statement (the HUD-1) clearly reflect the number and .
A closing or settlement agent coordinates the various closing activities . Items that appear on the statement include loan fees, points, and initial escrow .
http://www.txhomeprograms.org/homeprocess/glossary.php Explanation of HUD-1 Settlement Sheet | Real Estate Closing ...
Closing Costs - A detailed explanation of the HUD-1 Settlement Statement . For example, if a lender charges two points on a $80,000 loan this amounts to a .
SETTLEMENT STATEMENT - BankersOnline.com
REG Z FINANCE CHARGES & GAFLA POINTS & FEES. Page 1 of 1. SETTLEMENT STATEMENT. SECTION/ITEM. INCLUDED IN FINANCE CHARGE FOR .