Question

 When refinancing a mortgage what charges are considered points for tax purposes?

Answer Points that you pay as part of the closing costs of your mortgage represent fees to reduce the interest rate on your home and may allow you to take claim a deduction on your income taxes. However, ... Read More »
http://www.answerbag.com/q_view/1915602

Top Q&A For: When refinancing a mortgage what charges are co...

Charges for Refinancing?

When interest rates drop, consumers can save thousands of dollars by refinancing a home mortgage. Refinancing charges include fees the lender collects and pays to another company, and the lender's ... Read More »
http://www.ehow.com/list_7356688_charges-refinancing.html

Can you refinance a primary mortgage without refinancing a second mortgage?

It is possible to refinance a primary mortgage without refinancing a second mortgage by subordinating the second mortgage. Subordinating a second mortgage means you are filing a document so that th... Read More »
http://www.answerbag.com/q_view/2232165

What is refinancing a mortgage?

To refinance a mortgage is to replace the old mortgage debt with a new debt that pays off the old loan in full upon closing. A borrower can refinance to take advantage of lower interest rates or to... Read More »
http://www.answerbag.com/q_view/1899868

Is refinancing considered income?

Refinancing is not considered income. Individuals refinance by replacing a preexisting loan with another loan. Refinancing changes loan payments or modifies a loan's interest rate that may or may n... Read More »
http://www.answerbag.com/q_view/2232442


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