A Point Where a Mortgage Rate is Too Low?

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Home » Forums » Consumers - Questions, Answers, Help » Mortgage Questions » A Point Where a Mortgage Rate is Too Low?

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Post Statistics: 525 Views, 2 Replies
Latest Post: Tue, Sep 7 2010 11:14 AM by Bryan Bledsoe

Fri, Sep 3 2010 9:53 AM

Anonymous

A Point Where a Mortgage Rate is Too Low?

Is there a point where a mortgage rate is too low to benefit you, say when comparing it to the decrease in your interest rate tax deductible?

In Reply to This Post

Fri, Sep 3 2010 12:40 PM

GregStratton
(Greg Stratton)

Yes, when your paying, lets say 3 points to get that rate. and your L/A is $400k

Greg Stratton

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In Reply to This Post

Tue, Sep 7 2010 11:14 AM

bryan294
(Bryan Bledsoe)

A tax deduction is never as valuable as saving cash out of your pocket. Check with an accountant.

Bryan Bledsoe

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