@RaifH that's not true for one's primary residence.
When financing/refinancine one's primary residence, points are fully deductible in the year of finance/refinance. The amortization requirement applies to business use property, including residential rental real estate.
For the amount one can fully deduct in that year, it can be affected if one refi'd with a cash out. But there's a number of factors that come into play. Won't cover that here, since there's not enough information provided to know if "other factors" even exist.
