2 years ago I paid upfront mortgage insurance and was amortizing over the 84 months. In year 3, I refinanced to a conventional loan. IRS publication 936 indicates that no mortgage insurance deduction is allowed for the unamortized balance if the mortgage is satisfied before its term. Common man translation - since I refinanced I cannot continue to deduct my upfront mortgage through the remaining 84 months. Any in agreement or would argue otherwise???
