You can deduct points for your main home, if they're discount points. Discount points lower your mortgage rate by a certain percentage. When you buy discount points, you're paying interest up front in exchange for a lower interest rate on your mortgage. Because discount points are prepaid interest, they're deductible as mortgage interest on a main home or second property that's not being rented out.
The other type of points is the Origination points. Those are charged by lenders to cover loan processing costs. Sometimes they'll also include fees for appraisals, inspections, title, attorneys, notaries, and real estate taxes. Origination points aren't deductible on non-rental property.
If you don't know which category your points belong to, ask your lender for clarification.
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