Sales of homes have fallen sharply in Seattle and elsewhere. While many blame the first-time home buyer tax credit that was due to expire, it has been extended. While this is bad news for sellers, it is good news for home buyers. Getting a Seattle home mortgage has never looked so attractive. Buyers are able to bargain like never before. Seattle interest rates are also low, making buying a home an attractive proposition.

This slump in home sales is not expected to last forever. If you are considering purchasing a home in Seattle, now is the time to act, while Seattle interest rates are still low. Buyers may be surprised how low monthly payments can be with a Seattle home mortgage.

Owing a home has typically been considered a good investment. The old adage “buy low, sell high” applies to real estate as well. Now is the time to buy a home at a low price. If you are buying a home as an investment, let your Seattle home mortgage lender know, different mortgages are more feasible if you don’t plan to live in the home very long.

It also pays to shop around for Seattle mortgage rates as well. Some lenders can offer a wide variety of mortgage loan options. A Seattle home mortgage can turn into a wise investment if you do your homework.

This article written by Phillip Thow