points pad with same lender

[pattyg2]

Client has 3 mortgages with same lender on same home. Amortized points from the smaller mortgages/refinances because mortgages with same lender.
So...If one mortgage is paid off, can the remainder of the amortized points for that one particular loan be taken in the year paid off? Or does having all the same lender for all his mortgages preclude taking remaining points on the one mortgage?

[Bees Knees]

TTB, page 4-13 says if the mortgage is paid off early, any remaining balance of points being deducted over the life of the mortgage is deducted in full when the mortgage ends. This can happen when the mortgage is paid off early, paid off as part of the house sale, or refinanced with a new lender. It then makes the point that if a refinance is with the same lender, the remaining point balance is deducted over the life of the new loan.

In your situation, you have three separate loans with the same lender. Nothing is said about any of these loans being paid off early as a result of a refinance. Rather, your post indicates they are simply paid off early (maybe taxpayer came into some big bucks and decided to pay off one of the loans).

That is not the same as paying off a loan with a new loan from the same lender. So my opinion would be paying off a loan without borrowing from the same lender allows you to deduct the remaining points of that loan only, regardless of how many other loans the taxpayer may have with that same lender.