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Updated almost 10 years ago,

Scott Weaner's profile image
Scott Weaner's profile image
Scott Weaner
  • Rental Property Investor
  • from Yardley, PA
  • Member since Jan 5, 2008
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1,225
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561
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Scott Weaner's profile image
Scott Weaner's profile image
Scott Weaner
  • Rental Property Investor
  • from Yardley, PA
  • Member since Jan 5, 2008
Connect
Scott Weaner
  • Rental Property Investor
  • Yardley, PA
561
Votes |
1,225
Posts
General Real Estate Investing

Should I Pay Points for a Better Rate

Scott Weaner
  • Rental Property Investor
  • Yardley, PA
Posted

We are about to buy or first investment property. I can get a mortgage rate of either 4.375% with 0 points, or 4.125% with 1 point. My calculations show me a break even time of about 5 years. We have plans to keep the property for longer than this assuming everything goes reasonably according to plan.

So, should I go for the lower rate?

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