Help me decide what Refinance option to go with.

[jomw10]

I’m a banker. Buying down a rate through fees is just prepaid interest. He’s got plans for these funds. I’d take the extra proceeds in my pocket at 3.25% and use that to either save myself money somewhere else or to earn money on it vs giving it to the lender.

You also have to put some kind of return or cost savings generated by the additional proceeds in your equation vs saying one rate is lower than the other so always take the lower even if it means paying a ton of fees

This…. You are pre paying fir lower interest…

[gingib]

This…. You are pre paying fir lower interest…

Yep! Paying to buy it lower generally almost never makes financial sense

[g2outfitter]

Ended up taking 1/8 point higher and they paid all of closing minus prepaids. Allowed me to take more out upfront. Still lower than current rate.

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