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Old 02-11-2004, 02:56 PM
Harlan Lunsford
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Default Re: mortgage fees

Michelle Kapp wrote:

- quote -

> Two fees not sure what to do with:
> 1- "Loan Modification Fee" paid at refinance closing.
> 2- "Broker Fee" paid at closing in connection with the loan.
> Doesn't appear either are fees paid for the use of the
> funds, thus not deductible as points.


But the real reason not deductible, is that the "fee" is to
the same lender, also it isn't considered in lieu of
interest.

cheer$,
Harlan LUnsford, EA n LA

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Old 02-10-2004, 03:50 AM
Michelle Kapp
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Default mortgage fees

Two fees not sure what to do with:
1- "Loan Modification Fee" paid at refinance closing.
2- "Broker Fee" paid at closing in connection with the loan.

Doesn't appear either are fees paid for the use of the
funds, thus not deductible as points.

Thank, Pete

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->
 

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