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Financing in 55372 : Real Estate Advice

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Peter Boyle,  in Minneapolis, MN
Wed Feb 17, 2010
Peter Boyle answered:
You should consult with a CPA for specific clarification, but to my knowledge any Loan Discount points, prepaid interest charges and Mortgage Registration taxes you pay are fully tax deductible. Mortgage insurance premiums are deductible with certain restrictions on income. Fees like the origination fee are not direct write offs but may be amortized over the life of the loan, and then accelerated when the home is sold.

Peter Boyle
612 701 6816
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