Everything You Need to Know About Mortgages
Money Guy Show
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Should I Pay Clothes Costs or Should I Take the Premium?
You can take a premium on the interest rate, or you can just pay the clothes ing costs. The mortgage payments are still paid in the same amount of time. But as you go through time, payment stays the same, goes all the way down. It's simple math. Where is the break even point? And ta. You can get into some weird arbitrage situations where maybe your savings on a re finances so big that you can actually recoup closing costs easily within three years.
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