Hi all, I presently have a mortgage for 304k, 28 years left on a 30 yr mortgage with a charge of 4.875. I ought to state it is a 3 household funding property as I do know that results charges. My credit score rating is 790 so I referred to as round and I consider I’ve a number of choices: refinance for a 20 yr mortgage with a charge of 4/apr 4.035 or pay factors for a decrease charge. I’ve by no means paid factors I’m unsure if that’s price it. I additionally am contemplating doing a money out for 15k as I’m excited by buying a everlasting hone and want to contribute extra to a down fee. I’m attempting to do analysis & grasp the world of finance however as a nurse that is all new to me and I’m struggling to wrap my head round all of it. Layman’s phrases pls :/
