03-12-2011 06:25 AM
it pays off over time.
just calculate the breakeven point.
you lose only if you dont stay in the property past that breakeven point.
03-12-2011 09:02 AM
I have great credit over 800. Is it worthwhile to pay for 1 or 2 points and lower the interest rate? If not, why?
I paid 2 points when I did my refi in 2003 because I knew I'd be here for many years.
In other words what DallasLoanGuy said!
From a BK years ago to:
EX - 3/11 pulled by lender- 835, EQ - 2/11-816, TU - 2/11-782
"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".