Are points deductible?

If you are a Forest Lakes, Charlottesville, Albemarle County, Central Virginia buyer, and you or the seller pays points, they are deductible for the year in which they are paid only. You also can deduct any points you pay when you refinance your Forest Lakes, Charlottesville, Albemarle County, Central Virginia area home, but you must do so ratably over the life of the loan. Consult your tax or financial advisor.

First Name* Last Name* Email* Phone Question / Comments  Please wait...