2. Refinance Your Home
Interest rates are sure to rise soon. Be sure to lock in the lowest rate possible for your home. It may cost you your tax refund. But it will pay you back in the long run, as you can save thousands to tens of thousands of dollars over the run of your mortgage. Do you like where your interest rates are? Use your refund to pay down the overall price on your home. This neat little trick will pay off your home faster as well as save you the interest on the amount paid.