Credit Access – buy-down confusion

[JHarris981]

@ttrumble — there’s usually a bit of frustration on the boards, so having a good laugh, I think, is a good thing. 🙂 You are exactly right that any money over the 7 points reduces the loan, which in turn reduces the purchase price of the points. I was aware of that (I actually have a post on this forum that discuss that exact topic), I just didn’t want to overly complicate it and cause confusion.

[Pearl609]

Hey all!!

Just wanted to update everyone that after getting the exact tax information from the title company and going over the numbers with my MC, my final all inclusive payment went from being $43 over what I anticipated to $79 LESS than what I anticipated!!!!!

Thank you to every person who helped me figure this out, I truly appreciate it!!

I’ll create a new post about my credit access experience 🙂

[JHarris981]

Congrats @Pearl609! 🙂

[Author]

Posts