Leverage my 17+ years of mortgage experience to feel confident in your mortgage decision.
Tom is a married father of 4 daughters (yikes!). He has been in the mortgage industry since 1998 and loves what he does. He grew up in Southern California before going to college in Northern California. On January 1st 2010, Tom and his family moved to beautiful Highlands Ranch, Colorado. As a licensed (NMLS 262409) and bonded Loan Officer, he provides fantastic service for customers in CA and CO and can be reached at any time at 303-495-9722 or fill out my contact form.
TOM IS PROUD TO OFFER FHA, CONVENTIONAL AND VA FINANCING
Here are just some of your options:
Thirty-Year Fixed Rate Mortgage
The traditional 30-year fixed-rate mortgage has a constant interest rate and monthly payments that never change. This may be a good choice if you plan to stay in your home for seven years or longer. If you plan to move within seven years, then adjustable-rate loans are usually cheaper. As a rule of thumb, it may be harder to qualify for fixed-rate loans than for adjustable rate loans. When interest rates are low, fixed-rate loans are generally not that much more expensive than adjustable-rate mortgages and may be a better deal in the long run, because you can lock in the rate for the life of your loan.
Fifteen-Year Fixed Rate Mortgage
This loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate—and you’ll own your home twice as fast. The disadvantage is that, with a 15-year loan, you commit to a higher monthly payment. Many borrowers opt for a 30-year fixed-rate loan and voluntarily make larger payments that will pay off their loan in 15 years. This approach is often safer than committing to a higher monthly payment, since the difference in interest rates isn’t that great.
Hybrid ARM (3/1 ARM, 5/1 ARM, 7/1 ARM)
These increasingly popular ARMS—also called 3/1, 5/1 or 7/1—can offer the best of both worlds: lower interest rates (like ARMs) and a fixed payment for a longer period of time than most adjustable rate loans. For example, a “5/1 loan” has a fixed monthly payment and interest for the first five years and then turns into a traditional adjustable-rate loan, based on then-current rates for the remaining 25 years. It’s a good choice for people who expect to move (or refinance) before or shortly after the adjustment occurs.
Adjustable Rate Mortgages (ARM)
When it comes to ARMs there’s a basic rule to remember…the longer you ask the lender to charge you a specific rate, the more expensive the loan.
You can count on Tom as your Loan Officer To:
- Assist you in selecting the best loan to meet your personal situation and goals. (This single decision can save you thousands of dollars throughout the years!)
- Keep you informed of your loan status throughout the entire process.
- Keep your Real Estate Agent informed of our loan progress (Note: your personal information is always kept confidential between you and us; only pertinent information and progress are shared).
- Get the appropriate loan for you at the best rates and fees. This will save you significant money “up front” and throughout the years to come.
- BE AVAILABLE FOR YOU! Tom can be reached at 303-495-9722 or fill out my contact form any day of the week. If he is with another client when you call, you can expect a call back that same day!