Is a Loan Discount Fee the same as points and is it tax deductible?
I was told by a Quicken Loan Broker that I bought down the interest rate with point and they were tax deductible. I received my 1098 and no points are listed in block 2. Only mortgage interest is listed in block 1. On my settlement statement is a loan discount fee of 2%, is this the same as points? Is it tax deducible?