Mortgage Loan Origination Fees and Points

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FLORIDA REAL ESTATE SALES ASSOCIATE COURSE

Taxes Affecting Real Estate

Section 13 of 17

Points paid to lower the interest rate (discount points) and loan origination fees are generally considered prepaid interest. For a principal residence, these can usually be deducted in full in the year they are paid, rather than spread out over the life of the loan, offering an immediate tax break at closing.