Tom Johnson

  • Home
  • Search
    • Advanced Search
    • Map Search
    • Get Property Alerts
    • What’s My Home Worth?
  • Areas
    • Aurora
    • Denver
    • Parker
    • Centennial
  • Featured Properties
  • Blog
  • About
    • About Tom
    • Testimonials
  • Contact

Try Our Property Search

Get Property Alerts

Read Our Blog

What's Your Home Worth

Why is the APR higher than the interest rate?

January 21, 2022 By Tom Johnson

Annual percentage rate is a calculation to accurately reflect the cost of the mortgage considering the note rate of interest, financing fees and charges based on the term of the mortgage. Annual percentage rate, APR, calculates the interest rate and loan fees over the life of the loan expressed as a rate.  A mortgage has… [Read More]

Filed Under: Mortgage Tagged With: Annual Percentage Rate

Paying Down Your Mortgage

December 15, 2021 By Tom Johnson

When the situation arises that you have a lump sum of cash to pay down your existing mortgage,  there may be different options available.  Prepaying principal on a fixed-rate mortgage shortens the term of the mortgage but the payment stays the same. Conversely, recasting a mortgage with a lump-sum principal payment lowers the principal and interest… [Read More]

Filed Under: Home Ownership, Mortgage

Will Soft Inquiries Hurt Your Credit Score?

November 18, 2021 By Tom Johnson

Soft inquiries, sometimes known as a soft credit check or a soft credit pull, do not impact your credit scores because they are not attached to a specific application for credit.  They can occur when a credit card issuer or mortgage lender checks a person’s credit for preapproval purposes. Examples of soft inquiries are when… [Read More]

Filed Under: Money Matters, Mortgage

Knowledge Is Power When It Comes to Appraisals and Inspections

October 14, 2021 By Tom Johnson

Buyers in today’s market often have questions about the importance of getting a home appraisal and an inspection. That’s because high buyer demand and low housing supply are driving intense competition and leading some buyers to consider waiving those contingencies to stand out in the crowded market. But is that the best move? Buying a… [Read More]

Filed Under: Home Buying, Mortgage

The Do’s and Don’ts after Applying for a Mortgage

April 15, 2021 By Tom Johnson

Once you’ve found the right home and applied for a mortgage, there are some key things to keep in mind before you close. You’re undoubtedly excited about the opportunity to decorate your new place, but before you make any large purchases, move your money around, or make any major life changes, consult your lender –… [Read More]

Filed Under: Home Buying, Mortgage Tagged With: Mortgage Tips

  • 1
  • 2
  • 3
  • …
  • 11
  • Next Page »

Recent Posts

  • An Easy Fix to Avoid a Flood in Your Home
  • There’s more to it than you might think
  • Why is the APR higher than the interest rate?
  • Why Waiting To Sell Your House Could Cost You a Small Fortune
  • How to Prevent Property Damage This Winter
  • Winning as a Buyer in a Sellers’ Market [INFOGRAPHIC]
  • Why Selling Your House with a Real Estate Professional Is Essential
  • Think You Should For Sale By Owner? Think Again [INFOGRAPHIC]
  • Advice for First-Generation Homebuyers
  • Paying Down Your Mortgage

Categories

  • 1031 Exchange
  • Aurora Neighborhoods
  • Home Buying
  • Home For Sale
  • Home Improvements
  • Home Maintenance
  • Home Ownership
  • Home Selling
  • Home Value
  • Investment Property
  • Market Information
  • Money Matters
  • Mortgage
  • New Construction
  • Recommendation/Testimonial
  • Taxes
  • Uncategorized
  • VA Loans
  • Email
  • Facebook
  • LinkedIn
  • Twitter
Equal Housing
Blue Fire Group    Real Estate Websites
© 2022 Copyright
LAC
My Buying Buddy    Powered By MyBuyingBuddy ®