I refinanced in 2016 and paid an origination fee of $1490 for the new loan. This item and sum does not appear on the 1098. It is listed on the closing disclosures as an origination fee. There is a lender's credit of nearly $5000. There is no mention of points. My understanding is that I did not pay any fees (ie. points) to lower the interest rate. I do not know what the origination fee is. I thought it was just the cost of originating a new loan. Is the origination fee deductible? Is it considered points and therefore deductible? Does the fact that I have a lender's credit more than the origination fee mean that is it not deductible? Many questions but please help clarify. I see this question asked in several places but the answers are generic and distinction between "points" and "origination fees" is not addressed by any of the answers. This is what I would really like to home in on besides the lender's credit. Please help shed some light on this. Thanks very much!!!
