Save Income Tax : Refinancing

RefinancingRefinancing your home loan can be a great thing to save tax. Interest rates have been really low over the past few years, which has led to a lot of houses being refinanced. If you’ve refinanced, chances are that you’ve paid points to get a lower interest rate. Not only are these points deductible over the life of your new loan, but also, any unamortized points can be deducted in the year of the new loan.