Friday, November 16, 2012

Why Rent When You Could Buy Ask Kansas City Mortgage

By Frances H. Durand


Mortgage rates continue to be low and Kansas City Mortgage suggests this is the time to buy a home while real estate prices are at bargain levels. The affordability of owning a home is possible because rates are around 3 per cent above the prime.

After an economic downturn in the housing market, the tide could now be turning with low interest rates and a good choice of real estate. Although the rental market has been very strong since then, probably as a result of being gun shy in the more turbulent real estate period, Kansas City Mortgage says this is the time to be investing in a house, instead of seeing money going towards rent which sees no return. At the present rate of renting, availability of apartments and other rental properties could dry up in the foreseeable future, causing rents to go up. Owning a home secures your payments for the length of a mortgage.

Even if you already own a house, it might be a good time to put real estate to work for you by investing in a rental property. Kansas City Mortgage is also available to advise purchasers on buying single to multiple investment units.

Incredibly, ownership of houses is at a 15 year low, but the current real estate market shows promise to turn that around. For your convenience, Kansas City Mortgage experts can assess your financial situation and calculate your eligibility for one of their pre-approved mortgages. Not only is a pre-approved mortgage advantageous, it also allows you to enter the housing market knowing what you can afford comfortably. As well as pre-approved mortgages, Kansas City Mortgage offers knowledgeable advice on tax issues, such as any unused earned income tax credit over the last three years can be claimed.

In a world economy no country is an island, and with a number of Eurozone countries in a dire financial situation, investors are buying US Treasury bonds that shows confidence in the US market, which in turn influences the prime and lending rates. This is tied with the US primaries and jockeying in the presidential campaign. The time is advantageous to think about a house purchase with a pre-approved mortgage from the experts at Kansas City Mortgage.




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