Question:
Is mortgage recording tax deductible?
Answer:No. Mortgage recording is not tax deductible. Mortgage recording fees are part of the 1200 Government Fees on the HUD-1 Settlement Statement. They are all non-tax deductible.
Other Non Tax Deductible Charges Beside the Mortgage Recording Fee
-
Some
mortgage fees payable in connection with loan:
- Processing;
- Underwriting;
- Mortgage broker fee;
- Property appraisal;
- Credit report, etc.
-
Some
fees paid in advance:
- VA funding fee;
- Per diem interest;
- Mortgage insurance premium;
- Hazard insurance premium, etc.
-
Escrow
(reserve) items:
- Hazard insurance;
- Mortgage insurance;
- School tax;
- Flood insurance, etc.
- Title
charges:
- Escrow fee;
- Notary fee;
- Document preparation fee;
- Title insurance;
- Attorney fee, etc.
-
Government
fees:
- Recording Fees
- City/County Stamps
- State Stamps
- Any other closing fees.
Recommended helpful present and future homeowners links:
Why: Refinance to a fixed rate loan while mortgage rates are still low.
Link:
Link:
Why: Because FHA loans are insured by the US Federal Government they have very competitive interest rates and are easier to qualify.
Link:
Link:
Why: Know and protect your credit report and score.
Link: See All 3 National Credit Scores & 3 Reports Instantly, Online & Free
Link: See All 3 National Credit Scores & 3 Reports Instantly, Online & Free
Was this Mortgage QnA helpful?
| Not at all | Definitely |
Add to this Answer
Mortgage QnA is not a common forum. We have special rules:
- Post no questions here. To ask a question, click the Ask a Question link
- We will not publish answers that include any form of advertising
- Add your answer only if it will contrubute to the quality of this Mortgage QnA and help future readers
Bookmark and share this QnA:
Common misspellings: mortage and morgage