Hi everyone! We are first time home buyers and need some guidance on how to finance our mortgage. We got about $80k in our bank account and would like to put down at least 15% on our first home. The question is do you think we should pay $4354 extra to buy down the rate? Or it’s not worth it? What do you guys think?
Some context: we will be likely to stay in this home for a long time (at least 10 years). Also, there will be no PMI if we put down less than 20% because of the promotion.
Thank you in advance!
u/Decent-Fact-2748 — 7 days ago