Points and Taxes
 nlike interest, points are paid upfront. If you're purchasing a home, you can deduct the points from your taxes in the year you buy the house. That means money in your pocket this year, rather than spread out over the next 5 to 30 years.
If you're refinancing, the tax deduction from the points gets spread over the term of the loan (less help with this year's taxes). Points are tax deductible.
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