Diane Posted February 25, 2011 Report Posted February 25, 2011 I read somewhere that we should amortize over the life of the loan any prepaid mortgage insurance premiums paid on a refinance. If this is true, where does this amortized amount entered? Diane Quote
Pacun Posted February 25, 2011 Report Posted February 25, 2011 I read somewhere that we should amortize over the life of the loan any prepaid mortgage insurance premiums paid on a refinance. If this is true, where does this amortized amount entered? Diane Line 13 schedule A. I think it is the life of the loan or 7 years which is shorter or whichever you choose if loan is longer than 7 years. Quote
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