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Level 1
Jul 7, 2020 7:05 PM UTC
Question

Refinance

Should I pay closing costs up front to receive a lower rate/APR or not?

1 reply

Level 15
Jul 7, 2020 8:03 PM UTC

It depends on how long you plan to keep the home and how much the up front fees are compared to how much lower an interest rate you get in return.  Your mortgage broker can help you with this.