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Posted by Regal53 on May 6, 2006, 9:21 pm
Please log in for more thread options Thanks, it makes $en$e.
> Sure. It carries a 2-point premium. The buyer pays points for a reduced
> interest rate. IF, and that's a very large if, the buyer keeps the loan
> for the full 30 years, this can pay huge over the life of the loan. But,
> if the buyer is prone to doing refi's to draw out equity, then he stands
> to lose unless he figures out where the break-even point is, and stalls
> his refi until it comes along.
>
>
> PS
> I pulled 2 points out of my ass, the buyer pays a premium (points) to get
> a lower rate, I don't know how many points it would take to get a 5.5%
> rate, but paying points is how it would be done.
>
>
>
>
>> Saw a sign today on top of a Mercedes Homes model home: "5.5% fixed
>> 30-year financing". Does anyone know the details? South FL area.
>>> Does anybaody participate in this NG anymore or is my OE excluding new
>>> posts?
>>>
>>
>>
>
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