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That said, there is a time and a place for them. I don't plan on being in my house very long and hedged that when booking a refi a few months back. Current cashflow is important to me and the payoff on closing fees vs no points no close isn't immediate, it takes a few years. If I end up not moving for whatever reason, I am good with the loss over time, its the gamble I took. Not huge money anyways. Article makes it sound like its very shady, its not, you just need to understand what the rate is and what alternatives are. I know the real rate was clearly stated everywhere. Marketing is what it is, understanding what you are getting is what's important.
Posted from my iPhone/Mobile device
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