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Updated almost 5 years ago on .

User Stats

2
Posts
2
Votes
Alex Naimi
2
Votes |
2
Posts

Accepting higher rate, since going to rehab and refi quickly

Alex Naimi
Posted

First-time buyer here, and have a preapproval for conventional 3% down. I'm going to buy a $450k property in a $550k neighbor comps. Since I'm gonna fix and refi it in like 3~4mo, should I care about apr? I don't see any benefit other than saving a couple of hundreds of interests. it might even be beneficial to ask for lender credit, so better than shopping around for lower rate.