The term “points” is used to describe certain charges paid to obtain a home mortgage, typically the origination fees on line 801 of your HUD settlement statement and/or Loan Discount points on line 802 of your HUD settlement statement. You can deduct the points in full in the year they are paid, if all the following requirements are met: Your loan is secured by your main home (your main home is the one you live in most of the time).

More: continued here