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The Water Cooler
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Stupid crazy interest rates
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<blockquote data-quote="CHenry" data-source="post: 1981815" data-attributes="member: 6281"><p>Go troll elswhere punk.</p><p> </p><p></p><p>Yes, thats correct, about $3000 in closing cost and I'm only borrowing about 50/50, loan amount/value. The rule of thumb I think is you will recover your closing cost in interest saved over 5 years if you drop 1 point of interest. I dropped over 2 points so I should recover that much faster.</p></blockquote><p></p>
[QUOTE="CHenry, post: 1981815, member: 6281"] Go troll elswhere punk. Yes, thats correct, about $3000 in closing cost and I'm only borrowing about 50/50, loan amount/value. The rule of thumb I think is you will recover your closing cost in interest saved over 5 years if you drop 1 point of interest. I dropped over 2 points so I should recover that much faster. [/QUOTE]
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Stupid crazy interest rates
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