Let Us Help You Buy Your New Home!
Purchasing a home is a very exciting time, and being well
prepared will help you make better decisions. Take this
opportunity to learn more about home buying and the mortgage
process. Below and throughout this site you will find
information that will help you with the purchase of your new home.
Am I ready to buy?
Buying a home offers many advantages, one of the most significant being that it allows you to build equity (ownership) when you pay your mortgage each month. A common myth is that monthly mortgage payments are more expensive than rent. But, in many cases, mortgage payments can be even less than rent. When considering home ownership for the first time, you need to decide whether buying makes financial and practical sense for you right now or if you are better off renting. Consider both the advantages and disadvantages to renting as well as buying, and weigh the pros and cons for your situation.
How much house can I afford?
The first step toward finding the right home is to
quickly compute your purchasing power and determine how
much you can afford to pay each month. This saves you
time by allowing you to focus on homes in your price range.
In addition, in the planning stage, you should consider both the up-front and ongoing costs associated with purchasing a home.
Some up-front costs include:
Down payment: Typically ranges from 3-30% of
the cost of the house. The more you can put down, the
greater equity you will have in your home and the lower
your monthly payment will be. For down payments, less than
20% you may also need to pay mortgage insurance.
Closing Costs: Typically range from 2-6% of the loan amount depending on your area.
On-going Costs: Your housing costs can include the following:
Monthly mortgage payment
If applicable - Flood Insurance
If applicable - Property taxes
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Our Happy Clients
"Even after our first refinance didn't go through because of an issue with our heater, Karim stuck with it and made it happen for the second time around. Highly recommended! Also, he knows a lot about mortgage loans and gave us some good advice that other mortgage brokers did not. Very reliable."
"Karim was very knowledgeable and made the potential tedious, stressful process of refinancing our home smooth and easy. I would highly recommend anyone to use his services. He was straight forward with no hidden agenda and worked with us to achieve what we wanted. He went above and beyond to assure we had a good experience. He assisted with any aspect of the refinance which at times included him working outside of normal business hours. He was very efficient and closed our loan in two weeks. Thanks for all of the help, Karim!"
"This was my best loan experience ever and I have done numerous real estate loans over 45 years. Karim and his assistant Laura seem completely dedicated to getting things done quickly and correctly. Our loan even closed early."
"Karim has helped us on refinancing 2 times. He got our loan closed within 30 days. He is well prepared for all the work and always resolve all of my concerns. Highly recommend to all."
"I found Karim Smail on Zillow, and based off reviews contacted him for our home refinance. Karim was always responsive and answered our many questions. He beat our comparison lender's fees and rates, and the process went very quickly and smoothly. We refinanced into a 15 year mortgage, cancelled our PMI and did a cash out to pay off debt. Our new monthly payment is comparable to our previous debt sum, yet we took 11 years off our mortgage ."
"This was my first experience refinancing and Karim made it very easy. He explained everything and made sense of the whole process. Any time I needed to speak with him on the phone or thru email he was very prompt in getting back to me. The rates were competitive and my cost was minimal. Can't go wrong with homex in my opinion."