Lower cost of capital

[Javier Rosales]

Hey BP, is it better to get a mortgage loan with points to buy down the cost of interest, or no points to not have high closing cost?

[Andrew Postell]

@Javier Rosales yeah, the above post is pretty right on.  Any good lender can tell you what your "break even" point is or sometimes called "pay back period" would be.  Everyone is different but I would recommend to not have a break even point over 3 years.