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We refinanced home and were charged points, bank then sold loan to another lender. Can I deduct these points? Is this considered another refinance or loan payoff in2016

 
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HelenaC
New Member

We refinanced home and were charged points, bank then sold loan to another lender. Can I deduct these points? Is this considered another refinance or loan payoff in2016

No.  Transferring the mortgage from one investor to another is not a refinance.  You will need to keep amortizing the points instead.

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HelenaC
New Member

We refinanced home and were charged points, bank then sold loan to another lender. Can I deduct these points? Is this considered another refinance or loan payoff in2016

No.  Transferring the mortgage from one investor to another is not a refinance.  You will need to keep amortizing the points instead.

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