Yes, you may deduct the balance of amortized points if you refinance the loan (ie: pay it off).
Be sure you carefully answer all questions in the Form 1098 interview for the loan that was paid off. On the page "Tell us about your loan," be sure to check the box "This loan was paid off or refinanced with a different lender in 2021." The next page will confirm the points to be deducted this year.
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