Financing expenses. Financing expenses include the interest paid as well as the costs of obtaining borrowed money. While mortgage interest is deductible, principal payments are not. Costs associated with obtaining borrowed funds, such as commissions, mortgage brokerage fees, and points, must be amortized over the
life of the loan.
information courtesy of Rowlett Real Estate School LLC
www.rowlettrealestateschool.com
P.Stone
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