1 / 2

Why Approach a Mortgage Loan Company if You can Pay Cash?

Not many people have hundreds of thousands of dollars just lying around to buy a home with cash, but even if they do have access to such amount of cash, they prefer to approach a mortgage loan company and get their homes financed.

JohnKerry
Download Presentation

Why Approach a Mortgage Loan Company if You can Pay Cash?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Why Approach a Mortgage Loan Company if You can Pay Cash? Not many people have hundreds of thousands of dollars just lying around to buy a home with cash, but even if they do have access to such amount of cash, they prefer to approach a mortgage loan companyand get their homes financed. Don’t believe us? Here is a fun fact – Facebook founder and CEO Mark Zuckerberg also has a mortgage loan of $5.95 million on his Palo Alto, California estate. You might be wondering that why would a billionaire like Zuckerberg will go to a mortgage lending company to take a

  2. mortgage when he can just pay cash for his house. Well, apart from financial flexibility, here are a couple of reasons why taking a mortgage makes more sense than paying cash for your home. 1.Inexpensive Financing: Mortgage rates are at an all time low currently. As of 30th August 2016, you can easily get a fixed rate mortgage at an interest rate of less than 3.5%. 2.Financial Flexibility: If you are planning to buy a home with cash then it is safe to assume that you have done extremely well for yourself and can easily pay $300,000 for a house. However, doesn’t it make more sense to keep that money with you to do as you please instead of tying it down in the house? If you take a mortgage, you can do whatever you do with the money while still making the mortgage payments. 3.Tax Deductions: This is common knowledge that mortgage payments are tax deductible. With a mortgage loan, you’ll be able to deduct your interest payments from your taxes. For best rates on home mortgage loans, contact All Western Mortgage today. All Western Mortgage is a pool of best online mortgage lenders that has been helping people buy their dream homes since 1981. Call us on 702-850-2790 or visit http://www.awmlending.com/

More Related