…and I’m quite torn on how to use it.
On the one hand, I could dump it all into points and buy down to 5.49%. That lands me right on a comfy payment number.
But the break even period is about 5.5 years, and my credit union does dirt cheap ass refinances. If I used it towards closing costs I could finish the new place’s basement sooner.
I’m super open to opinions here.
Writing an offer with about $17k of concession funds
byu/c0LdFir3 inRealEstate
Posted by c0LdFir3
3 Comments
Has the seller accepted the concessions?
I used concessions to pay for my points. Found it to be the best use of the money vs. having it go towards the principal amount.
Closing costs and do the math on a 2/1 temp buy down. Then after year 2 maybe refi to a 25 yr.