Using a secured loan for purchase of SFH

[Chris Eidson]

I can borrow against the savings in my credit union account.  The net cost to me is .20% over the interest rate they are currently paying.  I can get a 10 year amortization.  The turnaround is about 48 hrs to fund.  Seems like a no brainer, for the following reasons:

1. It will basically be just like a cash purchase, so I avoid closing costs

2. The net cost of borrowing is almost nothing.

3. My cash becomes available again monthly as I pay the principal down.

I know most investors love to leverage and that my cash flow will be a little tighter because of the shorter amortization schedule, but I'm just trying to understand why I wouldn't do this?  Your thoughts are greatly appreciated.