Monday, December 3, 2012

Why Rent When You Can Own Ask Kansas City Mortgage

By Frances H. Durand


Mortgage rates continue to be low and Kansas City Mortgage advises this is the time to buy a home while real estate prices are at bargain levels. Interest rates on mortgages are 3 points higher than prime that make this a very attractive time to purchase a house.

The list of houses for sale in many parts of the country is generally good following the earlier real estate bubble burst. In a backlash to the earlier times, the rental market has been strong, but Kansas City Mortgage says with today's low rates it might be advisable to consider a mortgage payment rather than shelling out rent. At the present rate of renting, availability of apartments and other rental properties could be exhausted in the foreseeable future, causing rents to go up. Owning a home locks in your payments for the length of a mortgage.

Even if you already own a house, it might be an opportune time to put real estate to work for you by investing in a rental property. Kansas City Mortgage has experts to make sure your investment is your best choice.

Incredibly, ownership of houses is at a 15 year low, but the current real estate situation shows promise to turn that around. To put you in the position of making a strong offer on a house, Kansas City Mortgage can pre-approve borrowing by analyzing your financial criteria. Not only is a pre-approved mortgage advantageous, it also permits 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.

The financial situation in Europe is affecting the world, and for the US it has generally been beneficial for the economy as investors pick US Treasury bonds that influence the prime lending rate. This is tied with the US primaries and jockeying in the presidential race. Let the experts at Kansas City Mortgage advise you on the financial advantages of home ownership in today's economy.




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