Asked by Sejul
Mortgage company lets you pay a point (1% of total amount of loan)to reduce APR from 6.5% to 6.25% on a $400,000
30-yr mortgage with monthly payments.
Plan to be in house for at least five years.
Should you pay the point?
30-yr mortgage with monthly payments.
Plan to be in house for at least five years.
Should you pay the point?
Answers
Answered by
Leah
No
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