Updated almost 6 years ago on . Most recent reply
Buying points for better rate
Hello
Is it worth buying points to bring you rate down? So I’m in the of buying points to bring my rate down but not sure if I’m making a wise decision. I need to spend 7k to go as low as 3.25% but $7k is a bit a lot of money to buy points. What do you guys think I should do
Most Popular Reply
You can do a calculation on how many months it will take you to finally benefit from putting down $7k extra. Just out of curiosity, what is your reason for wanting to buy down the rate?