Buy Down Interest Rate or Larger Down Payment

[Nick Wehrley]

Hey BP,

Question is mainly in the title. Should the interest rate be bought down or is a larger down payment the better option to make rental numbers look better? My initial thought is larger down payment and I can always refinance when rates come down. Maybe it’s situational? Thoughts?

Thanks!!

[Tim Kaminski]

@Tim Kaminski

It’s just a question of, will rates be lower than your current rate sometime in the next 5 years