C:\Users\ {User-ID} \AppData\Local\Microsoft\Windows\INetCache\Low\IE\ I found the 1st in folder IE when attempting to find a lost file. Realizing that IE was showing NO folders, I have started picking files in the 1 st hidden folder and doing searches on them. Most files in the hidden folders are found only there. However, some are in multiple places.
Most people calculate the true cost of their mortgage as their interest rate, less any tax savings from an interest deduction on their tax return. They may think, Well, my mortgage rate is 5%, and I'm in the 25% tax bracket, so my true rate is 3.75% (the federal government lets them write off the interest, with a 25% tax savings, so their net cost is 75% of their rate. Essentially, they think the Federal Government pays 25% of the mortgage). Well, that thinking is not entirely accurate.
Unlike prepaid interest on your initial mortgage, you can't take them off for the year you close: You have to amortize the points over the life of the loan. If you pay $3,000 in points and you have a 30 year mortgage, you get to deduct $100 every year. Real estate pros also use points to refer to other, nondeductible closing costs. Don't try to deduct them along with the interest or the IRS may come calling.