How To Turn $9,000 Into $85,115 In Just 5 Years Just Buying a Denver Area Home.
Buying a Denver area home is an intelligent decision for your future. How can you turn $9,000 into $85,115 in just 5 years? Kenna Real Estate Group's Loan Advisor Shawn Janusheske explains.
The Denver home market is appreciating at over 11% right now. But if we take a conservative approach and use just 3% appreciation. Here's what can happen. Imagine what 11% looks like!
On a 300,000 home purchase, qualified homebuyers can put just $9,000 as a down payment.
Ready to find your dream home in Denver?
Let us help you. Call or Text Kenna Real Estate Group at 303-955-4220 to get personalized assistance from our expert real estate agents.
In just 5 years, that $300,000 home purchase would have appreciated in value to $347,728.
Plus, the loan that started at $291,000, after making 60 payments, would have a remaining balance of $262,677.
So, let's look at the numbers.
$347,728 Appreciated Home Value
-$262,677 Remaining Loan Balance
$85,115 Equity!
A $9,000 down payment was turned into $85,115. How incredible is that?
Here is a spreadsheet link showing a $300k purchase, 3% down over 5 &10 Years. Click Here
That can potentially happen. According to homebot.com, 82% of wealth comes from homeownership.
Ready to find your dream home in Denver?
Let us help you. Call or Text Kenna Real Estate Group at 303-955-4220 to get personalized assistance from our expert real estate agents.
Want a spreadsheet with your purchase price ranges, down payment, and different loan types? Fill out the simple form, and within 24-48 hours, a spreadsheet will be sent to you at no cost or obligation.
"Get A Good Mortgage For Your Purchase!!! FREE, NO-Obligation Mortgage Spreadsheet Form
Yes, Shawn, I am curious. Please assemble a spreadsheet for a possible home purchase that I can compare on my own time. I understand I don't have to talk to you on the phone, and there is no cost or obligation for any of this. I can fax, email, mail, call it in, or go to your website, and within 24 to 48 hours, I'll receive your mortgage spreadsheet by email and US mail. I am also responding in time for the gift you are offering me. Please send that as well.
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