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Old 07-25-2012, 06:08 AM
7,598 posts, read 17,618,792 times
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I think you answered your own question, you don't need the money....

However, I'm not so sure what that means. Do you have 10K of debt anywhere that could use some attention? If you have any revolving debt, you would be much better off going with Option A and taking the funds to payoff higher interest rate debt.

This really is a big picture decision (more information is needed beyond what we have here), including the questions Mike Jaquish asked.
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Old 07-25-2012, 06:47 AM
Location: Illinois
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Everything forward goes by the purchase price. In this day and age, will you actually have $10k in closing credits? Will that buy down your interest rate from 4% to 2%? I think not. Go with the lower purchase price. You will be glad you did.
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