Pursuant to the terms of its Mortgage Tax Credit Certificate Program, ____ Nevada Rural Housing. The borrower receives a 30-year, fixed rate, fully amortizing first mortgage loan with 360 level monthly.Points are costs that need to be paid to a lender to get mortgage financing under specified terms. A successfully recorded document consists of two (2) items: your document and the correct payment for recording. Mortgage points are considered an itemized deduction and can be claimed on Form 1040, Schedule A. We coordinate and process the entire real estate and mortgage closing procedure.