Tax Aspects of Refinancing Your Home Mortgage

Points paid to refinance a home mortgage are nothing more than prepaid interest on the new loan. As such, the tax rules for home mortgage interest apply, …

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Tax Aspects of Refinancing Your Home Mortgage, Treatment of Points, Other Refinancing Costs and Fees, Interest Expense on the New Loan, Unamortized Points from the Old Loan.
Given all the turmoil in the residential lending market of late, it may be worth-while or even necessary to refinance your mortgage. Refinancing your mortgage can be expensive, so you will want to avail yourself of any related tax breaks to offset your closing costs to the extent possible. Listed below are some of the tax implications of that refinancing decision

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