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Deductions & credits
No, mortgage insurance is not the same thing as points.
Mortgage insurance protects the lender in case you do not make your payments. Points are typically equal to 1% of the loan amount and are charged in order to lower your interest rate or as an origination fee to cover the costs of processing the loan.
To learn more, see the following TurboTax help article:
What are points?
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‎April 16, 2022
10:54 AM