Hello! So I’m refinancing my mortgage again as rates continue to lower. I just want to make sure I’m not missing something here...
I’m lowering my rate by about .6 percent, and we’ve taken a lender credit for a few points to cover our closing costs because we don’t expect to be in our house long enough for a slightly lower rate to be beneficial.
Is there any downside to doing this that I’m not understanding? It sounds like this is a no-risk situation since my rate will go down and I’m not covering the loan costs. (Also our loan term is staying the same)
Thanks everyone
Submitted January 28, 2021 at 07:50AM by ddevlin1 https://ift.tt/3t7CpQW
