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December 28, 2021
Question

Is the Origination Fee (a fixed dollar amount, not a percentage) for a mortgage Refi deductible?

  • December 28, 2021
  • 1 reply
  • 0 views

We refinanced our mortgage, and the Closing Disclosure shows an Origination Fee = $1,499 (a flat rate, not based on a percentage), but it is not listed on the 1098. Is that Origination Fee deductible?

    1 reply

    Employee
    December 28, 2021

    Yes, but you must deduct the amount over the length of the loan.