The most prized worldly possession anyone can ever have is a beautiful home. Whether it’s a home in the suburbs, an apartment in downtown or a villa facing the sandy beaches; your heart is always where your home is. At Compass, we invite you to set your sights on your dream house and we will script the complete process for that dream to come true.
This venture, of buying your dream house, is of course one of the longest financial commitments you will ever make in your life. A complete research has to be made before you embark upon this road; mortgage deals, real estate fluctuations, loan and payment options, everything has to be settled before you drop the cash on the table.
Obstacles
We admit; buying a house can be a tricky business. You need to put a lot of thought and research into each decision you make along the way; and be prepared, for you will have to make a great number of decisions, such as;
- Which house/villa/apartment I can afford?
- Should I go for a fixed or adjustable mortgage?
- How much will my mortgage payment be?
- Should I prepay?
- How much down payment should I make?
- How much should I put down for my home?
- What if I need to refinance after sometime?
- What about home insurance?
- Which lender has the best loan options?
- Should I go for a 15 or 30 years loan term?
- How much will I actually end up paying?
- Is there any resale value to my investment?
Methodology, Plan and Architecture
Finding the best plan for your dream home has never been easier. Whether you choose to buy, build, renovate, or restore, we will help you develop a sound approach to home financing. You will learn all about mortgages, rates, payment options, and loan programs.
We will help you with;
- Figuring mortgage costs and length of terms
- Determining principal loan amount, interest rates and prepaid interest
- Calculating actual finance charges and fees
- Cutting mortgage expenses with a shorter mortgage term
- Finding ways to pay off your loan faster
Solution
Whether you can afford to buy, build or lease a house depends on your regular and fixed income along with your ongoing debts. Therefore, when you are thinking of investing in a home, you have to calculate your current and estimated future financial situation.
At Compass, our team of financial architects will evaluate your finances in detail. After evaluating your regular income and debt situation, we will figure out a way for you to make enough down payment to ease pressure on your mortgage amount. The next step is to calculate your borrowing position and the most suitable channels for acquiring a loan.
With our loan and mortgage calculations, we will also estimate the amount that you will end up paying in interest and find the best available option that puts fewer burdens on your finances. As part of our complete financial consultancy services, we will also estimate any other peripheral expenses which might affect the overall investment; such as property value, maintenance charges, registration and municipality fees etc.
Support
At Compass, we ensure you of individual attention and solution to all your home investment plans.
We believe in continuous support before, during and after the formulation of your financial plan. If you have any further queries or would like to find out more about our services, we can have our financial architect contact you to answer all your questions.
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