Taxes

• Income Tax
  You could offer to pay points (prepaid interest) to attain a more favorable interest rate. Your savings on the life of the loan might be substantial if you have paid up front about 3% of the new loan balance. You may hear that the points may be deducted on your income taxes, but as tax regulations can be difficult to keep up with, we urge you to consult your tax professional before considering this in your calculations.

Investment

• Mutual Funds