Is my rate competitive? Should I buy points?

[Michael Acheampong]

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.

[Mike S.]

@Michael Acheampong

Is the title owned under your personal name or entity?

Will it be owner occupied?

What is the amortization time and duration of the loan? Is it a conventional one?

What is your credit score range ?