Can you Buy down points in a refinance situation?
Thursday, July 16th, 2009
jawsnu7 asked:
I currently have a Adjustable Rate Mortgage(ARM). I anticipate getting a large refund back for tax refunds. Can you buy down points if you are trying to get a fixed rate loan. I have gotten behind on some bills and I would like to know if It is best to pay off the bills and wait to refinance or try to buy down
points for a better fixed rate loan?
I currently have a Adjustable Rate Mortgage(ARM). I anticipate getting a large refund back for tax refunds. Can you buy down points if you are trying to get a fixed rate loan. I have gotten behind on some bills and I would like to know if It is best to pay off the bills and wait to refinance or try to buy down
points for a better fixed rate loan?
All good advice appreciated.
Eddie.
Shane