I’m sorry for the loss
of your grandmother. Do you mean that you are making payments on a loan that is
still in your grandmother’s name?
Most lenders do not
allow a loan to be assumed. Are you
legally obligated to pay the debt? This is one of the requirements to take
a mortgage deduction.
Points refers to a fee
paid to your lender for a reduced interest rate. A point is equal to 1% of the
mortgage amount. Assuming this is not a
new loan for you, there would be no points to record. See below link.
Deducting
Mortgage Interest