Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 8 years ago on . Most recent reply

User Stats

25
Posts
5
Votes
Norberto Ballesteros
  • Houston, TX
5
Votes |
25
Posts

Charging origination fee as a discount point

Norberto Ballesteros
  • Houston, TX
Posted

In the course of discussion with a RE Broker, the broker stated that they advised all of their clients to request their RMLO charge their origination fee as a discount point.

The intent is to capture the tax write off of a discount point. The broker claimed some RMLO's have obliged the request. 

I was under the impression that a discount point could only be used to reduce the interest rate.

In the context of a residential, primary residence, fha/conforming conventional loan, does this violate any of the alphabet soup of Regulations?

Loading replies...