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Tax Topics - Topic 504 Home Mortgage Points
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.
http://www.irs.gov/taxtopics/tc504.html

 

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 .
http://www.bankrate.com/finance/money-guides/don-t-overlook-tax-break-of-mortgage-points-1.aspx

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.
http://turbotax.intuit.com/support/iq/Rentals-and-Royalties/What-Can-Be-Deducted-When-Refinancing-Rental-Property-/GEN80465.html

Points on your mortgage settlement statement: What are they - Trulia
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 .
http://www.trulia.com/guide/home_buying/getting_a_loan/points_on_your_mortgage_settlement_statement_what_are_they/

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.
http://homebuying.about.com/cs/titleescrow/a/hud1_settlement_2.htm

Can You Deduct Loan Origination Fees on Your Taxes? | Home ...
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 .
http://homeguides.sfgate.com/can-deduct-loan-origination-fees-taxes-2698.html

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 .
http://www.mlsli.com/points.cfm

Real Estate loan glossary - Texas Home Programs
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 .
http://www.crye-leike.com/buyerseller/buyer_closing_sheet.php

SETTLEMENT STATEMENT - BankersOnline.com
REG Z FINANCE CHARGES & GAFLA “POINTS & FEES”. Page 1 of 1. SETTLEMENT STATEMENT. SECTION/ITEM. INCLUDED IN “FINANCE CHARGE” FOR .
http://www.bankersonline.com/tools/georgia_worksheet.pdf