Sentences with phrase «home improvement loan originations»
Although much lower in number than purchase loans — no single census tract recorded more than six home improvement mortgage originations in 2014 — home improvement loan originations are much more spread out across Detroit (figure 5).
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But if some of the refinanced proceeds are used to improve your home and weren't a charge for any services provided by the mortgage lender as part of the loan origination fee, you may be able to fully deduct the portion of the points that is related to the improvement the year you paid them.