I agree with inparadise. We got a zero point 5.5% loan last summer directly from BoA, in which the other costs were credited. We could have gotten a lower rate had we been willing to pay up-front costs.To pay off our RE loan, we would have to take the funds from an IRA, and the tax liability would make such a decision untenable. Disclosure: This loan was a refi, and the loan to value ratio is under 20%, so the lender assumed no added risk other than a 1.25% reduction in interest rate.
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