I still do not think that is correct. When you refinance a home, there are still fees that are incurred, like these:
- Legal fees (including title search and preparation of the sales contract and deed).
- Recording fees.
- Surveys.
- Owner's title insurance.
They apply on a refi just as the would on a new purchase. You have to get a new title policy if you have owned the house for more than a few years.
Are you saying they ALL get amortized over the life of the loan, as opposed to some being added to the basis (and depreciated) versus some being amortized?
