What Refinancing Fees Are Tax Deductible

If you want to do a cash out refinance to take advantage of the tax law and current low rates, remember that you will have to pay closing costs when you do any new mortgage. Just as with the original loan, it is important to compare your closing costs and rates. Like your first mortgage, typical closing costs can run from .8% to 1.3%.

Title insurance, escrow fees, recording fees, mortgage registration tax and origination fees are not tax-deductible. However, a few of your additional closing costs may qualify for valuable.

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