Why $1,000 Down?
What a great question. Why buy a home with only $1,000 Down? For a number of reasons and I'll outline them for you:
1. In todays market, for every thousand dollars you finance, you will pay your
bank or mortgage company $6.32. Put another way, for
every $1,000 you put down you will only save $6.32 on your mortgage
payment. So, let's say, you have $20,000.00 for a down payment, does it
make sense to spend $20,000.00 to save $124.60 per month?
I think NOT. Under that scenario, you would have to make mortgage payments
for 13 years just to realize your savings.
2. For those who have a lot of cash, the "Smarter Approach" is to leverage as
much as possible on the primary residence and take the cash position to invest
in income-producing real estate. This method by far further enhances ones
personal wealth creation plan.
3. Most home buyers today, need reserves when they buy homes. In other words,
a cushion is needed in the event of a financial challenge, change in health,
change in the economy, and other "life" issues. If you spend all of your
money making a down payment, what will you have to fall back on?
4. Prices have come down 15% in the past year and the stock market has risen?
Has the real estate market bottomed out and has the stock market peaked? No
one really knows, but the one thing that can't be argued, is the fact that our
$1,000 Down Loan Program can make you a homeowner.
5. With $1,000 Down, you can an owna home, build equity, solidify your future, and
literally change your life forever.
6. How hard is it to come up with a down payment of $1,000 Down? NOT very hard
at all. In fact, it's easy. Let us guide you to homeownership with a small
down payment.
7. I can go on and on, but I'd rather have you as a client and help you get into
your first or next home with only $1,000 Down. To get started, complete
the form below.
