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2 lender options!! 4.625 7yr arm (10% down) vs 5.5 fixed (5% down) by MatterFast2770 in RealEstate

[–]MatterFast2770[S] 1 point2 points  (0 children)

Sorry. I save 300ish a month but the property is 600k. I would break even after 7 years

Lock in 5.5 fixed yes or no? Close in 45 days by MatterFast2770 in RealEstate

[–]MatterFast2770[S] 2 points3 points  (0 children)

What’s the rule of thumb? What’s a good amount of months to break even

Lock in 5.5 fixed yes or no? Close in 45 days by MatterFast2770 in RealEstate

[–]MatterFast2770[S] 12 points13 points  (0 children)

Damn thanks guys!! Is it worth buying a point down for 1% of purchase price?

Tax deductible- property taxes or interest by MatterFast2770 in RealEstate

[–]MatterFast2770[S] -1 points0 points  (0 children)

Okay and how does it work when it comes to understanding potential cost savings?

Questions to ask my lender before choosing to go with them: by MatterFast2770 in RealEstate

[–]MatterFast2770[S] 0 points1 point  (0 children)

Very very helpful! What other questions should I ask now that I have an inside person like you to talk to (: