You are right. It makes the decision so much easier.
YOU will pay a higher payment for 30 years than you should have. Every single one of your 360 payments will be for more than they should have been. That was an easy decision to make, because it was FREE!
I don’t deal with foolish gimmicks or encourage people to gamble with their financial security. There is NO SUCH THING as a free loan, or free closing costs. ARMS, Neg Am loans, etc sounded good to people because it was a “better deal”
In casinos it’s called a sucker’s bet. Things that suck people in that appear to be a deal, but end up costing a small fortune in the long run, representing huge profits to the house.
People with your mindset foolishly pay more money every single month but are happy because it was “FREE” or no risk.
Brainwashed bank employees will be happy to sign you up for this deal, they have been trained to think just like you do !!
I’ll assume that FSBO means that you don’t use RE agents either because it costs something.
FWIW most FSBO’s end up with less money in their pocket. Another “easy decision” because it was FREEEEEEEEEEEEEEEEEEE
