Points Paid by lender

Hi bespy,

Though the points are rolled over into the mortgage, if you pay them, you'll be able to deduct them on your taxes.

Thanks

if you are paying from your earned money, it would not be taxable other wise yes. it is a simple rule applied in taxation

Look at IRS Publication 936. There's the home improvemetn mish mash but my general GUESS is that you will have to spread the deduction over the life of the loan. Usual get-out-of-jail-free line -- "consult your tax advisor". Although Lori Clarke didn't and WON on her MBA tuition. Good for her! No lawyer or nutten.