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If you are able to get even better deals and bought the houses for 90,000 that were worth 125,000 then you would actually still be in good shape if the market goes down 20 percent. You would have three houses worth 100,000 that you bought for 90,000.
You would have 30,000 in equity from buying below market value. If you only bought one house for 90,000 with cash and the market went down 20 percent, you would only have 10,000 in equity from buying below market value. This number can be manipulated to show how cash or a loan is better depending on how much the prices decrease, how much of a discount you best personal loan in chennai the houses for in addition to other factors. But this shows that cash is not always going to be the safest bet.
Submit your information today and reach our network of 100 lenders. TRUSTED CASH LOAN PROVIDER. Solution Loans has been a trusted provider of cash loans with competitive terms and high approval rates since 1996.
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