The article was short on details, but most likely its high fees associated with the loan. Or it could be that the lender wants you to “buy points” and prepay interest for a lower overall rate. Your rate is lower but your upfront costs are higher.
As the article said, that would be good if you’re going to stay for a long time. But not good if you’re going to try to sell in a few years, you won’t have the equity built up unless you had already put a shit load down at first.
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