Pay $1000 for rate float down?

[/u/HulksInvinciblePants]

Like the title says, my lender offers a float down option capped at 0.25% for $1000 extra. If rates dont move that direction, the money is lost.

If it did land, the payback is ~5 months with my payment amount. Already looking at $14K closing to start with.

submitted by /u/HulksInvinciblePants
[link] [comments]
Pay $1000 for rate float down?
Continue reading...