Points on mortgage loan?

Question

Our statement from the mortgage company shows 0 in the box for points. I see something about loan origination, and discount fees on settlement statement meaning the same. Why do they not show up on the statement from the mortgage company. Also can you tell me what a can claim. Mortgage was done last year nov 08 nothing was claimed then. Have a 30 year mortgage and a see there was a discount fee of 1105.41 and origination fee of 1241.60 What can if anything be claimed this year?

2010-02-07T19:16:20Z

I do know that points are to be spread out over the life of the loan, not in one year as stated below

tlalg1984 · Accepted Answer

If they were done November 2008, then nothing can be claimed this year.  These amounts should have been claimed on your 2008 return.

godart · Answer

great question element are what's paid on the non-public loan. How long you need to maintain the non-public loan is the main severe question. in case you is purely no longer protecting the non-public loan extra beneficial than 5 years then 6.5% with 0 factors is ultimate in case you would be protecting the non-public loan longer than 5 6.a hundred twenty five% with a million.5 is ultimate. via the way factors are pay as you go activity on your guy or woman loan and are a taxed prefferenced merchandise to take on your returns and are amortizesd over the life of the non-public loan. i'm a loan banker in TN & KY

Points on mortgage loan?

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