Looking to refinance

Paying points on a refi can reduce your interest rate further; this may or may not be a good idea depending on your financial position and future goals. In order to know if paying points would be a sound move, one would have to know how long you plan on staying in the property, what your current interest rate is, how far into your current term you are and what the new rate would be. After crunching all that information we can arrive at a "break even point" where from that day forward, you would start saving money. I usually tell people that if you can hit your break even point in under 3 years and you plan on staying in the property, paying the points for the lower rate could be a good option. Your best bet is to speak with an experienced loan officer in your area and have them provide you with estimates with points and without. Gregorio DennyWeFixRates.Com