Asked by Abhijith Prabhudev, Milpitas, CA • Mon Aug 19, 2013
We bought a new house and sellers are paying $5000 closing cost credit if we go with their lender. The catch here is that there lender is giving us loans which is bad when compared with the rates outside. They are offering 5% where outside we can get 4.65%. We are in dilemma now if we should go with them, get the $5000 credit and then refinance outside or just go with lower rates outside and loose $5000. With the rates growing up, we are concerned if refinance would again incur some costs and by the time we lock rates for refinancing, they would be more than what they are now. Thanks in advance for the advice and appreciate your help in getting our confusions cleared.
Real Estate in Milpitas
Popular Categories in 95035
Email me when…
Success! Your email alert settings have been saved. Access all your email alerts in your My Trulia account anytime!