Newswire.net — June 12, 2013) Denver, CO — Patrick Drawe of W.J. Bradley Mortgage Capital says now is a good time to purchase a home or investment property. Drawe’s comments about housing prices increasing are supported by recent statistics. According to a recent published report, Denver’s median home price increased about four-percent in the one-month period between March and April. The report shows Denver’s 268-thousand dollar median home price in March jumped to 280-thousand dollars in April. The numbers mean that on average, Denver homeowners gained about 12-thousand dollars of property value in just one month.
Meanwhile, Patrick Drawe says very low interest rates also make buying real estate attractive to investors and those wanting to live in the home. “The Federal Reserve is holding the line on interest rates by keeping the rate low. We’re seeing interest rates at four-percent and lower, which means owning a home with a mortgage payment can be substantially cheaper than renting the very same house. Let’s assume you buy a 200-thousand dollar home on a 30-year fixed mortgage at a four-percent interest rate. That would give you a monthly mortgage payment around one-thousand dollars. It’s very likely that same house may rent for 13-hundred dollars per month or more. Investors like the low interest rates because they can cash-flow rental properties and make some money while home values continue to increase. You know now is a good time to own a home after Denver’s median home price jumped nearly twelve-thousand dollars between March and April.”
Drawe says he and the experienced firm at W.J. Bradley Mortgage Capital treat customers as friends and work hard to get the best possible mortgage term. “I have a lot of experience in the mortgage industry and work hard for my customers. You don’t stay in this business and succeed over a long period of time unless you build trust with customers, which in turn builds reputation and can generate future business.”
Patrick Drawe says W.J. Bradley Mortgage is a privately held independent mortgage lender founded in 2002 and headquartered in Centennial, Colorado. “We are a boutique lender, backed by private investors, able to react quickly to market changes while offering our clients exceptional service and products and industry-leading turn times.
We are a forward-thinking team, committed to helping our clients obtain real estate financing tailored to their personal needs and goals, all while exceeding our clients’ service expectations. We don’t just say that, however; we back it up. We recruit and hire the best at every level within our organization. From our loan officers to our operations team and support staff, we work hard to attract only the best so that you, our clients, receive the best service and support throughout the entire loan process. From initial application, through processing and funding your loan, you are dealing with the very best in the business, committed to getting your loan funded quickly and efficiently.”