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Not sold on paying points to lower my rate
I did a cash out refi on my duplex in Portland 3 months ago and everyone I talked to said buy down the rate with points. I ran the numbers and with the 2.5 points they wanted it would take me 6 years to break even. I'm probably selling in 4 years so that made zero sense for my situation. Anyone else feel like points get pushed too hard without asking about your timeline first?
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terryallen1d ago
Six years to break even on a 4 year plan? That's wild.
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taylorlewis1d ago
Yeah I mean I used to just look at the monthly payment and call it good, but seeing it laid out like that definitely changed my mind.
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