topic Re: Hello is points the same as down payment? in Get your taxes done using TurboTax

Hello is points the same as down payment?

ashston-57 — Mon, 17 May 2021 20:34:47 GMT

Re: Hello is points the same as down payment?

DavidD66 — Mon, 17 May 2021 21:01:34 GMT

No. A down payment, or earnest money that goes towards paying for the house. Points are prepaid interest, paid to the mortgage company in order to reduce your interest rate. A down payment is not deductible. Points may be deductible as mortgage interest if they qualify. For more information, see:

Topic No. 504 Home Mortgage Points

Re: Hello is points the same as down payment?

Ashton 58 — Wed, 26 May 2021 20:10:31 GMT

Hello. I am ask about my refund. I was unable to finish our taxwa and needed a extension on our taxes. I put in for it and need information back.