Cashout refi

[Jimmy S.]

Doing a cashout refi and not sure what to do. 

Would you take a interest rate of 4.125 and pay $1400 upfront in extra fees or take 4.75 and save the $1400.  Comes out to a $30 difference on a loan amount of $75,000. 30 year fixed rate.

Keep going back and forth but thinking that $1400 in my pocket is better way to go and more and pay $30 more a month....

Thanks
Nate

[Hattie Dizmond]

Time value of money...I'm taking the $1400 in my pocket.  That's 3 months of direct mail for me!