I'm in the process of refinancing the house and I'm confused about how the rates and fees relate. I thought getting the 2.25% offer was the clear choice but it seems that all of the quotes come out the same. Here re my offers:
2.99% with 4500 in fees.
2.75% with 5500 in fees
2.25% with 7500 in fees.
I'm doing a cash out refinance. It looks like all of the offers are essentially the same but the more I save in interest the more fees I pay. None are supposed to include paying points but it feels like they're wrapped up in there.
Is it typical for the fees and rates to correlate, so I'm essentially paying the same either way?
Submitted April 16, 2021 at 06:20AM by TacoNomad https://ift.tt/2Qw2zhm
