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Home Loan
Like the interest you'll be paying each month, points are finance charges too, except you pay them up front. Lenders blend the points with the interest rate. For example, the more points you pay, the lower the interest rate the bank will charge you over the course of the loan. Also, like interest, points are 100% tax deductible in the year you pay them. Remember that the "friendly" real estate agent is working for the people selling the home -- not you. The standard practice is for the seller to hire an agent, who then takes over marketing the home and seeking out potential buyers. For this, brokers are usually paid around 6% of the sale price, which gives them a built-in incentive to find the seller the highest price they can. So don't get too cozy. Always negotiate with more than one lender. Make lenders and brokers compete for your business by letting them know that you’re shopping for the best deal. Ask each lender to lower the points, fees or the interest rate. And ask each to meet — or beat — the terms of the other lenders.
Financial contracts are very confusing. Before signing yourself to a major long term commitment; have an attorney, familiar with financing and taxes, examine and explain the details (where the Devil is). A good tax finance attorney can save you many times his fee over the years, not to mention possible legal problems.
Whether buying or selling a vehicle, first check KBB (Kelley Blue Book), Black Book, Red Book, or the NADA Used Vehicle Guide. For complete information on all your financial needs, turn from home loan to the Loan homepage.  Home Loan.
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