Home › Forums › Closed Forums › Buying and Selling RE › 3.75 vs 4.00 › There may be a better way to
There may be a better way to approach the no cost discussion.
If per the prior pages, 3.75% still nets a $1700 credit to the borrower.
If the borrower is at 3.875%, when doesn’t it make sense to refi to the 3.75% and take the credit?
Property taxes and insurance are two biggies, but let’s assume they’re funded with reserves.
Will the borrower walk out without paying anything, the same outstanding principal and $1700 in their pocket?
