Tag: net cost of borrowing
Every home purchase is 100% financed
Although many home-buyers do not realize it every home they buy has been bought with 100% financing. How can that be you may ask? The last home I bought I put 20% down. It may be true that you took an 80% mortgage and used your own funds for a 20% down payment but what [...]
Posted: October 4th, 2008 under Home Purchase, Mortgage Qualification, Personal Finance.
Tags: arbitrage, down payment, net cost of borrowing, return on investment
Comments: 1