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BENEFITS OF BUILDING DURING LOW INTEREST RATES

BENEFITS OF BUILDING DURING LOW INTEREST RATES

It is no secret anymore, this current climate is at its lowest in interest rates since the economic-financial crisis circa 2008 – 2009. To compound the objective of owning versus leasing, with the incredible decrease in the federal funds rate from 1.55% – 2.27% to 0% – 0.25%; quite the myriad of opportunities has opened for individuals, corporations to expand and developers to use to their benefit. From homes to commercial buildings, everyone can make use of the incredibly low interest rates for new and existing buildings; seriously, take a closer look before the climate changes again.

Anyone with a similar objective can receive a construction loan at a lower cost, even decrease overall ownership costs during this brief financial investment time. Those who are in possession of existing buildings are also able to utilize low-interest rates to upgrade and renovate their building as well.  Not to mention, mortgage rates are at an all-time low. Especially when the Home Equity Line of Credit coincides with the drop in the federal rate. So if you’re looking to build a new building, expand an old building, and are in need of an accurate building quote, contact a Universal Steel of America representative today!