Question: 20. Why is it important to understand the break even with regard to both paying points on a home loan and refinancing a home loan?

20. Why is it important to understand the break even with regard to both paying points on a home loan and refinancing a home loan? In other words, what does the information about the break even date tell you? How much lower the payment is How many months you will have to pay the old payment O How much money you save over the life of the loan How long it takes for the monthly savings to pay back the point/refinance fees

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