Thursday, November 12, 2015

Why Buy When Interest Rates Are Low

We’ve nearly reached 2016 and interest rates are still low. Does that mean you should invest in a new property? The short answer is yes. But there’s more to it than that, and here’s why:

Mortgage rates are down.
When interest rates are low, it’s a perfect time to invest in real estate, especially if you’re a first time homebuyer. Although you will need to do a bit of financial planning and savings, when rates are low on a 30-year mortgage, you can enjoy the benefits the low interest rate conditions.  

Loan payments are lower.
Income plays role in how much money you will be able to borrow, but so does interest rates. And the lower the interest rates, the less expensive your monthly payments will be.

Afford the home you want.
Taking advantage of lower interest rates now means you can afford that home you’ve always wanted. In missing this window of opportunity, you might not be able to afford that home anymore, as even the lowest rise in interest rates could mean higher loan payments.

More money for other investments.
If you buy when interest rates are low, you’re likely to have more money towards other investments. For example, save up for buying a car, or work towards paying off grad school loans or any credit card debt.

What are you waiting for? With low interest rates, your dream home is closer within reach! If you live in Connecticut and are looking for your first or forever home, come see what Copper Square has to offer. We have luxurious townhomes and duplexes available and offer a mix of New England charm and urban convenience.

Our Models, Design Studio & Sales Center are now open. Call today at (203)778-4800 or visit our website for more information.

10 Copper Square Drive, Bethel, CT 06801
(Off RT. 6, Stony Hill Road.)
For GPS location use 48 Stony Hill Road

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