Ric's Reference Section

        Tax Issues with Purchases

        While most people associate a purchase with paying points in order to obtain a tax deduction
        of those points, this is too simplistic a view. While the tax deductibility is an important factor,
        it is only one consideration for a borrower. Paying points up front to secure a low rate, in a
        declining interest rate market, may be just throwing money away. If the borrower decides to
        refinance shortly after a purchase, the points and costs paid up front will be a wasted expense.

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