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Writing an offer with about $17k of concession funds

…and I’m quite torn on how to use it.

On the one hand, I could dump it all into points and buy down to 5.49%. That lands me right on a comfy payment number.

But the break even period is about 5.5 years, and my credit union does dirt cheap ass refinances. If I used it towards closing costs I could finish the new place’s basement sooner.

I’m super open to opinions here.

submitted by /u/c0LdFir3
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1spuw8a/writing_an_offer_with_about_17k_of_concession/
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