Ric's Reference Section

        Tax Issues with Refinancing

        A "No Closing Cost" loan will not incur a charge for points, and thus no deduction for that
        expense, however the loss is trivial. In a refinance transaction, points must be amortized
        over the life of the loan. For example, on a 30-year loan you can deduct 1/30th of the
        points paid each year. If you refinance a second time however, you can deduct the
        remaining unamortized points in the year you refinance the loan. Consult your tax
        advisor for more information.

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