U
/u/Cozy-Catt
Guest
Hey all,
Looking for advice -
If there are two lenders, lender 1 having a slightly higher rate (6.875) and offering a free refinance down the line vs lender 2 having the slightly lower rate (6.75) and offering a $750 flat fee rate reset at any time, which is the better deal?
If lender 2 typically has a tiny bit lower rates, can I assume that the 750 is negligible compared to the benefit of .1 difference in rates?
submitted by /u/Cozy-Catt
[link] [comments]
Refinancing vs resetting- what’s the difference?
Continue reading...
Looking for advice -
If there are two lenders, lender 1 having a slightly higher rate (6.875) and offering a free refinance down the line vs lender 2 having the slightly lower rate (6.75) and offering a $750 flat fee rate reset at any time, which is the better deal?
If lender 2 typically has a tiny bit lower rates, can I assume that the 750 is negligible compared to the benefit of .1 difference in rates?
submitted by /u/Cozy-Catt
[link] [comments]
Refinancing vs resetting- what’s the difference?
Continue reading...