On March 31,2013,Mary borrowed $200,000 to refinance the original mortgage on her principal residence.Mary paid 3 points to reduce her interest rate from 6 percent to 5 percent.The loan is for a 30-year period.How much can Mary deduct in 2013 for her points paid?

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The Answer of On March 31,2013,Mary borrowed $200,000 to refinance the original mortgage on her principal residence.Mary paid 3 points to reduce her interest rate from 6 percent to 5 percent.The loan is for a 30-year period.How much can Mary deduct in 2013 for her points paid?

On March 31,2013,Mary Borrowed $200,000 to Refinance the Original Mortgage