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Should I switch my mortgage from Bank of America to BB&T?

Answers

alanj answered a question in Real Estate.
2082 points

alanj answered 4 months ago …

I don't know who BB&T is. Assuming it is a bank, credit union, etc. and BB&T is offering a lower interest rate than what BAC is offering you- If you are going to be in your home for the next 5 yrs or more, and you will come out ahead within the next 5 yrs. including the expense of re-mortgaging, then yes. If given the choice of paying points of getting a lower interest rate, get the lower interest rate. It will more than pay for the extra points over the course of the mortgage.

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