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April 17, 2022
Question

Lender credits in refinance mortgage

  • April 17, 2022
  • 1 reply
  • 0 views

Hello,

 I refinanced  my primary residence mortgage for  a lower rate in 2021. How do I report lender credits from the closing disclosure document ? I paid a small amount of cash to close, but most of the closing costs were either rolled into the loan amount or offset by the lender credit. Please help.

 

Thank you, Anand

1 reply

April 18, 2022

Lenders credits are not included as income or as a deduction on your return.  They do not need to be reported. 

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