I was wondering buying down points is this a good thing?
I was told today my rate most likely will be around 8.65% 3 year arm
(with out buying down points he does not suggest this)
30 years 9.25 % .. loan amount $135,000 taking out $5000.00 for a fence etc.
he thinks it may appraise higher but is checking on it..
I think 130,000 ... we owe approx 120,000 ... He is charging 2 points upfront ... any thoughts on this ? I appreciate all the help from all you wonderful members .. It is always great to have a safe place to go to let your thoughts out..
I was told today my rate most likely will be around 8.65% 3 year arm
(with out buying down points he does not suggest this)
30 years 9.25 % .. loan amount $135,000 taking out $5000.00 for a fence etc.
he thinks it may appraise higher but is checking on it..
I think 130,000 ... we owe approx 120,000 ... He is charging 2 points upfront ... any thoughts on this ? I appreciate all the help from all you wonderful members .. It is always great to have a safe place to go to let your thoughts out..