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cheap fixed rate mortgage

early payoff in the first few years of the loan. The penalty is considered an interest charge cheap fixed rate mortgage is deductible in the same manner as the underlying mortgage interest. For example, if it's a home mortgage loan on cheap fixed rate mortgage first or second home, the penalty would be deductible on Schedule A as home-mortgage interest. If the loan is for a rental property, then the interest would be deducted on Schedule E. What

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