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The Leverage On The Entire Home, Not Just The Downpayment Adds Up!
Mortgage Insurance and Leverage in Real Estate. By Marjorie and Doug McKay on Monday, March 14th, 2016 in Buying a Home, Info Articles. No Comments
Leverage gives the user a maximum advantage whether it is physically lifting a large object or rapidly building equity in a home. In the case of the home, the high loan-to-value mortgage allows the profits made to be greater than simply the cash invested.
A $350,000 home can be purchased on an insured loan with a 5% down payment of $17,500. If the home appreciates at 2% a year, in seven years the equity will grow to $87,999 due to the appreciation and the amortization of the mortgage. That would be a remarkable rate of return. You would have to save $1,466 per month for 60 months to have the same net worth!

Without mortgage insurance you would have to have a down payment of $87,500.
It is estimated that homeowners have a 45 times higher net worth than renters. Since the obvious difference is that renters don’t own a home, owning a home is a distinct advantage.
The leverage that allows a borrower to control a much larger asset with a small down ... more

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