Go with fixed rates. If you are financing roughly $126K, your payments should be less than $1,000 a month for a 15 year loan anywhere in that range. I don't know that buying points will lower your payment all that much, and I would rather have as much of a deduction as possible on my mortgage payment.
>The rates we're seeing for 15 year fixed (should we go fixed?) are between >5.25 and 5.8. It doesn't seem worth it to buy point and lower our down >payment - but am I wrong? > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Message: http://www.houseoffusion.com/lists.cfm/link=i:5:190572 Archives: http://www.houseoffusion.com/cf_lists/threads.cfm/5 Subscription: http://www.houseoffusion.com/lists.cfm/link=s:5 Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5 Donations & Support: http://www.houseoffusion.com/tiny.cfm/54
