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Tata Consultancy @optum
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Buy down your rate. Reducing your PP isn’t as impactful on your monthly cash flow.
Subject Expert
What rate are you getting now? Do you expect that interest rates will be lower than whatever the rate post buy down would be in the next 3 to 5 years? If yes, then apply to purchase price. If no, then buy down the rate.
Subject Expert
So it sounds like you know what you’re going to do.
My outlook might be different. But we’re all just guessing at this point.
Ask the mortgage broker to work the numbers for you. Individual situations differ