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Updated about 4 years ago,

Michael Acheampong's profile image
Michael Acheampong's profile image
Michael Acheampong
  • Member since Aug 11, 2019
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Michael Acheampong's profile image
Michael Acheampong's profile image
Michael Acheampong
  • Member since Aug 11, 2019
Connect
Michael Acheampong
1
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42
Posts
Mortgage Brokers & Lenders

Is my rate competitive? Should I buy points?

Michael Acheampong
Posted

I am currently under contract for a fourplex and putting down 25%.

Not living in it.

I’m getting quoted 4.75% with zero points paid.

Is this competitive for today’s market?

Also Incase I decide to go with this lender should I buy down to 3.75% for $3750.

It’ll take me a year to break even.

Thank you.

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