How do I claim the Mortgage Interest Credit if I refinanced my mortgage?

You can refinance your mortgage without losing this credit if your existing Mortgage Credit Certificate (MCC) is reissued and the reissued certificate meets all of the following conditions:

• It must be issued to the holder(s) of the existing certificate for the same property.
• It must entirely replace the existing certificate. The holder can't retain any portion of the outstanding balance of the existing certificate.
• The certified indebtedness on the reissued certificate can't exceed the outstanding balance shown on the existing certificate.
• The credit rate of the reissued certificate can't exceed the credit rate of the existing certificate.
• The reissued certificate can't result in a larger amount on Line 3 than would otherwise have been allowable under the existing certificate for any tax year.

When entering your MCC information, make sure you enter your original loan first on the Mortgage Interest Credit MCC Information screen. You can enter your refinanced loans on the Additional MCC Information screens.