| personal business ties as the past. For example, in a refinance, if the new mortgage term is for 30 years and you paid $3,000 in points, you would claim an annual deduction of $100 for bi weekly mortgage amortization points paid. If you refinance, sell or pay off the mortgage early, you can bi weekly mortgage amortization the remainder of the points in that year. The one exception to the deduction would be if you refinance with the existing lender. In this case you would have to continue to amortize the remaining points over the life of the new bi weekly mortgage amortization together with any points paid on the new refinance. Taxpayers who bought $1 million homes expecting a generous tax break could be in for a shock, said Michael Fratanponi, senior director of single family research and bi weekly mortgage amortization at the Mortgage Bankers Association. ``That's going to really bite,'' he said. Rising expenses send some homeowners borrowing from themselves to cover costs. But are borrowers burrowing in over |
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