What can you write off closing costs when refinancing your home?

Answer As of 2010, when you refinance your home, the Internal Revenue Service allows you to deduct a limited number of closing costs, similar to when you take out a mortgage. However, the amount and the t... Read More »

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Tips on Refinancing With Low Closing Costs?

According to the Federal Reserve, the average home mortgage refinance costs a borrower between 3 and 6 percent of the loan amount. This can add up quickly and eat up precious home equity, if the cl... Read More »

Can I write off closing costs?

On One Hand: Deductions by SellersTaxpayers who sell their primary residence during a calendar year can deduct all property taxes they paid up to but not including the day of closing, according to ... Read More »

How to Cancel Refinancing After Closing if Unemployed?

After refinancing, you may find yourself in a situation where you can't make the payments due to unforeseen circumstances, such as losing your job. This is applicable to refinances where you are ac... Read More »

How to Deduct Refinancing Costs?

Refinancing a mortgage can save you money by locking in a lower interest rate so you will save money on your monthly mortgage payments. In addition, the costs you pay for discount points can save y... Read More »