I bought a second home in 2023. The original bank sold my loan to a second mortgage company in same month as closing. on settlement statement, I paid points and origination fees that were less than down payment. Having read the publications, I cannot find anything that talks to whether I have to amortize the points or whether I can take full deduction in current year. Because it is a second home, it states I must amortize; however, I do not have loan with original bank. I only have loan with the bank the original bank sold the loan. It was not a refinance. Please advise. Can I take the total amount of points and origination fees this year?
