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Ability to Leverage / Borrow Against Equity
One of the greatest financial aspects of buying a home is the ability to leverage your money. In simple terms, LEVERAGE lets you use a small amount of money to purchase a larger investment. For example, if you buy a home with a value of $250,000 and put 10% down, you leveraged $25,000 to purchase a property worth 10 times that amount.
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| Sales Price = $250,000.00 |
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Down payment = $25,000.00
You now own a $250,000.00
home with only $25,000.00 |
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Equal Housing Opportunity |