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Updated over 2 years ago on . Most recent reply

Javier Rosales's profile image
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Javier Rosales
  • from Los Angeles Ca
  • Member since Feb 7, 2019
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  • from Los Angeles Ca
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Javier Rosales
  • Los Angeles Ca
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Creative Real Estate Financing

Lower cost of capital

Javier Rosales
  • Los Angeles Ca
Posted

Hey BP, is it better to get a mortgage loan with points to buy down the cost of interest, or no points to not have high closing cost?

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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
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Andrew Postell
#1 BRRRR - Buy, Rehab, Rent, Refinance, Repeat Contributor
  • Lender
  • Fort Worth, TX
Replied

@Javier Rosales yeah, the above post is pretty right on.  Any good lender can tell you what your "break even" point is or sometimes called "pay back period" would be.  Everyone is different but I would recommend to not have a break even point over 3 years.  

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