Diane Posted February 25, 2011 Report Share 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 Link to comment Share on other sites More sharing options...
Pacun Posted February 25, 2011 Report Share 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 Link to comment Share on other sites More sharing options...
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