Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
It depends on how long you intend to live in the house. Don't pay a point to buy down your rate .250 and only save $20/mo if you only intend to live in the house for 2 yrs...because you will have spent x amount of thousands to save $480...but at 10 yrs, you saved $2400. It depends on how much you can buy the rate down for your point and how long you intend to stay in there.
It depends on how long you intend to live in the house. Don't pay a point to buy down your rate .250 and only save $20/mo if you only intend to live in the house for 2 yrs...because you will have spent x amount of thousands to save $480...but at 10 yrs, you saved $2400. It depends on how much you can buy the rate down for your point and how long you intend to stay in there.
When you all locked on a rate do you also consider upfront fees as well as points too? for example?
A. APR 5.313- point 2-rate 4.625% fees for APR $1950 Monthly payment $617
or
B. APR 4.960- points 0- rate 4.875 fees for APR $450 Montly payment $627
So which one would you get and why?
APR concerns me - I hope you are not looking at an adjustable loan.
I have a VA loan a t 5% fixed for 30 from about 9 yrs ago. I have been fielding calls regarding a new VA "quickie refi" down to 4% fixed for 30.......
I would go for 20yrs.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
