I am currently in the process of refinancing my home, but I'm not sure how long I want to keep it.
Today the mortgage company sent me the terms, and asked how many points or credits I would like to put into the refinance loan. They said the more points I pay for the lower the interest they will charge, the more credits I take (money they give me to cover the closing cost) the higher the interest.
I'm wondering if I plan to sell the house in 2-3 years would it be better to take out the credits knowing I won't be paying interest for long, or do the credits actually increase the amount I owe the bank meaning I would just break even in the end?