On 21 Jun 2006 05:52:30 -0700, "$cott"
wrote:

[stuff cut]
If you are invested in 401K plan at work, you could consider borrowing
from it to finance the cost of the discount points. The benefits to
this approach is that the interest charged for the 401K loan is
reinvested back into your 401K. Simply put, rather then paying the
credit card co. principal and interest payments for their sole benefit,
you will be paying yourself principal and interest payments and
reinvesting the same back into your retirement fund. This approach
doesn't make sense if job stability is in question, because you would
be subject to early withdrawal penalties after you have been terminated
from your job.

The other serious drawback to this approach is the lost earnings
opportunity, which many people overlook in their zeal to find cash. Be
very careful before taking this option.