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From: rkl@ahuta.UUCP (k.laux)
Newsgroups: net.consumers
Subject: Re: mortgage question
Message-ID: <602@ahuta.UUCP>
Date: Thu, 11-Apr-85 11:15:03 EST
Article-I.D.: ahuta.602
Posted: Thu Apr 11 11:15:03 1985
Date-Received: Mon, 15-Apr-85 03:15:09 EST
References: <188@mhuxn.UUCP>
Organization: AT&T Information Systems Labs, Holmdel NJ
Lines: 15

REFERENCES:  <188@mhuxn.UUCP>

	Arrange to pay the points on the mortgage when you actually close.
I got my (first) mortgage in June 81 and paid the points. I expected to
close on the first of September but due to the builder's delays, I didn't
close until late January 82. I wasn't able to take the tax deduction for
the points at all because I didn't have enough itemized deductions for
1981 (the year in which the points were actually paid)

				R. Kevin Laux
				Software Vendor Tech Support
				ATTIS Lincroft
				ahuta!rkl