In the 12 months of refinancing, add the applicable quantity of curiosity paid on the old mortgage and the applicable amount of curiosity paid on the model new mortgage, and enter the total on Form 8396, line 1. If you refinance your authentic mortgage loan on which you had been given an MCC, you must get a new MCC to have the ability to claim the credit score on the brand new mortgage. The amount of credit score you’ll be able to claim on the brand new mortgage might change.
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