If the mortgage refinance was for your main or second home then you are only allowed to deduct qualifying points over the life of the loan. Qualifying points are usually fees paid to the lender for the loan. Bank fees, attorney fees, and other closing costs are not deductible.

If, however, the mortgage refinance was for your rental property then all expenses (including points plus other loan expenses) in connection with securing the loan are deductible over the loan term.

On the refinancing of a home the points or loan origination fees, if any, are deductible / amortized over the life of the loan. Also, deductible are real estate taxes if paid / noted on the HUD statement. Other fees such as title insurance, abstracts, etc. are not deductible.