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Pearl Bishop,P.A., ABR,CRS,GRI,ePro,Florida Licensed Mortgage Broker


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Contact Info.

Pearl Bishop, P.A. Broker, ABR,CRS,GRI,e-PRO
Phone
(239) 936-5316
Fax
(239) 936-5159
Direct Line
(239) 936-5316
Mobile
(239) 340-2432

E-Mail Me

Aterra Realty Associates LLC
1500 Colonial Blvd.
Suite 215
Fort Myers, FL 33907

Articles and Links

AterraRealtyAssociates.com
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Southwest Florida Info
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Paradise East-Turkey
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View Neighborhoods From The Sky
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"WHY HIRE A CRS"
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City of Fort Myers
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City of Cape Coral
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Lee County
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SOUTHWEST FLORIDA INTERNATIONAL AIRPORT
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Lee County School District
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Southwest Florida Arts
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Refinancing
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Leveraging Your Money
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Length of Your Mortgage
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Charlotte County
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Collier County/Naples
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Sarasota County
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Saving for the Down Payment
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Closing Costs
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Getting Your Finances in Order
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Your Credit History
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How Mortgage Loans Work
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When To Pay Points
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Adjustable-Rate Mortgages
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How Much Can You Afford?
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Mortgage Glossary
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Free Reports
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Find a Real Estate Agent
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Free Moving Quote
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Broker

Leveraging Your Money

One of the greatest financial aspects of buying a home is the ability to leverage your money. Simply put, leverage allows you to use a small down payment and financing to purchase a larger investment. For example, if you bought a $125,000 home with 10 percent down, you leveraged the $12,500 down payment to purchase an asset worth 10 times that amount!

Appreciation
The benefits of leverage really become apparent with appreciation, or the rise in value of a property. Using the above example, say you were to live in the house for 5 years, and during that time property values in your area were to rise an average of 2.5 percent a year. Your home would then be worth over $141,000. By putting only 10 percent down, you get to enjoy the appreciation for the full amount!

Paying yourself
In addition to the 10 percent down, you'll also have to make mortgage payments. But with each payment, a certain amount of money is being used to pay down the principal balance that you owe. This is called building equity. So in the event you sell your house, not only can you realize a profit from your leveraged money, you also have a chance to pay yourself back for the money you've put in over the years. No wonder so many people consider a home an excellent investment!

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