You are applying for a 30 year mortgage for the sum of $400,000. The lending bank gives
Fantastic news! We've Found the answer you've been seeking!
Question:
You are applying for a 30 year mortgage for the sum of $400,000. The lending bank gives you two options:
a.Option #1.2.75% annual interest rate with no upfront points.
b.Option #2.2.50% annual interest rate with 1 point charged upfront.
Which option will you choose?
Posted Date: