Pay points or not?
Which is better in the long run? to refinance with points or 0 points? Refinancing right now, seems like a good thing to do. We can take 8 years off the length and keep the payments about the same. Only question is, does it make sense to get a lower interest rate by paying 1 or 2 points or go with 0 points. We will be refinancing a 30 yr for a 20 yr and plan to keep the house at least that long.