Are closing costs on a refinance tax deductible?

Answer Closing costs on a refinance are not tax deductible. However, if you pay for discount points on your refinance, you can deduct the cost of those points over the life of your loan if you itemize you... Read More »

Top Q&A For: Are closing costs on a refinance tax deductible

Are closing costs tax deductible?

"Closing costs" is the catch-all name for the taxes, fees and other items that a home buyer must pay when closing a mortgage loan. Several of the biggest costs you pay at closing are deductible on ... Read More »

Are housing closing costs tax deductible?

On One Hand: Points are Tax DeductibleWhen a borrower purchases a mortgage, if he pays any points to purchase a lower interest rate, the fees associated with those points are tax deductible. A poin... Read More »

How to Save on Closing Costs?

Closing costs can be a significant out of pocket expense in real estate transaction. Follow this advice to learn more about closing costs and save money when you close.

What are mortgage closing costs?

Mortgage closing costs are normally between 2 to 4 percent of the total purchase price for the home. The closing costs fees include, but are not limited to, attorney fees, title policies, home insp... Read More »