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Private Lending & Conventional Mortgage Advice

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Michael Eng
  • New York, NY
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44
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Are points on a mortgage worth it?

Michael Eng
  • New York, NY
Posted Nov 27 2017, 09:08
I am looking to get a rental property that cost 150k, putting 25% down. Using a 30 year fixed, I can either pay an interest rate of 4.5%, or I can pay 2 points and get a rate of 3.85%. Is it worth it to pay the points? Thanks for any help

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