Emil Izrailov - Mortgage Loan Officer & Sales Manager nmls#132173

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Farmington Hills, MI
Emil Izrailov - Mortgage Loan Officer & Sales Manager nmls#132173

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"I take an integrated approach to helping my mortgage clients balance long and short term financial goals, while meeting payment and equity objectives."

10/27/2026

Your down payment is important, but what you have left after closing matters, too.

Before putting every available dollar toward your down payment, consider the other costs that come with buying a home. Closing costs, moving expenses, and unexpected repairs can all affect how much cash you’ll need.

And remember, a larger down payment isn’t automatically the best move for every buyer. Depending on your loan options and financial goals, a lower down payment could allow you to keep more savings available, even if it means a higher monthly payment.

The key is to look at the full picture: upfront costs, monthly affordability, and the savings you’ll have left once you get the keys.

The goal isn’t just to get to closing. It’s to make a mortgage decision that supports your financial life afterward.

10/24/2026

Selling your home to buy another? Before you start planning your next purchase, make sure you know how much you’ll actually have to work with.

Your sale proceeds can help fund your next down payment, but you’ll first need to account for your remaining mortgage balance and selling costs. What’s left can help you plan for closing costs, moving expenses, and how much savings you want to keep.

If you’re buying before your current home sells, timing matters, too. Your lender may need to consider how you’ll manage both housing payments and how that affects your qualification.

The key is to look at the whole financial picture—not just what you expect to sell your home for.

Have a plan for the sale, and a strategy for what comes next.

10/21/2026

Your down payment isn’t the only thing to think about when buying a home.

Have you heard of mortgage reserves?

These are eligible funds you may need to have available *after* closing, depending on your loan and financial situation.

Your cash to close covers the money needed to complete the purchase. Reserves are funds that remain available afterward—and some loan programs require them.

This is especially worth understanding if you’re buying an investment property or financing multiple properties.

Before closing, make sure you know how much cash you’ll need upfront and whether your loan requires you to keep additional funds available.

𝗣𝗹𝗮𝗻 𝗯𝗲𝘆𝗼𝗻𝗱 𝘁𝗵𝗲 𝗱𝗼𝘄𝗻 𝗽𝗮𝘆𝗺𝗲𝗻𝘁. 𝗞𝗻𝗼𝘄 𝘆𝗼𝘂𝗿 𝗻𝘂𝗺𝗯𝗲𝗿𝘀 𝗯𝗲𝗳𝗼𝗿𝗲 𝘆𝗼𝘂 𝗴𝗲𝘁 𝘁𝗵𝗲 𝗸𝗲𝘆𝘀.

10/21/2026

An adjustable-rate mortgage (ARM) offers lower initial monthly payments and less interest, so you can build equity faster. Even better? We're offering a special rate of 5.99%* on a 7-year ARM through the end of the year.

10/15/2026

You’re almost at closing. This is not the time to give your finances a plot twist.

A new car payment, a job or income change, or large money transfers can change the financial picture your loan was based on. Some changes may simply require additional documentation, while others could affect qualification.

So until those keys are officially in your hand, keep things simple.

Thinking about financing something, changing jobs, or moving a large amount of money? Check with your lender first. It’s much easier to talk through it before the move than try to sort it out afterward.

The finish line is close—keep the plan on track.

10/14/2026

The value of a home isn’t only found in the numbers.

It’s found in the birthdays celebrated there, the friends gathered around the table, the lazy weekends, and all those everyday moments you never thought would mean so much.

You may start with four walls and a set of keys, but over time, you build something much bigger: home.

10/09/2026

A lower rate can catch your attention—but it shouldn’t make the decision for you.

When you’re considering a refinance, one of the first numbers worth looking at is your break-even point: how long it may take for the monthly savings to make up for the costs of refinancing.

For example, if refinancing costs $6,000 and saves you $250 per month, the simple break-even calculation is about 24 months.

If you expect to keep the new loan well beyond that point, the numbers may be worth exploring. If you’re planning to sell or refinance again sooner, the math may tell a different story.

The goal isn’t simply a lower rate—it’s a loan that makes sense for your plans.

10/06/2026

Buying a rental property? The purchase price isn’t the only number that matters.

Investment property financing may come with different requirements for your down payment, cash reserves, and qualifying income.

Before making an offer, make sure you understand both the mortgage numbers and the property numbers.

A good investment starts with knowing what you’re getting into.

10/02/2026

Saving for a home isn’t only about reaching a down payment goal.

Depending on your loan and transaction, there may also be closing costs and prepaid expenses to plan for. Those can include things like lender and third-party fees, title-related costs, and upfront amounts for taxes or insurance.

The exact amount varies, which is why understanding your estimated cash to close early in the process can be more helpful than focusing on the down payment alone.

And depending on the situation, there may be different ways some of those costs are handled.

The better question isn’t just “How much do I need for a down payment?” It’s “What should I plan to have available for the entire purchase?”

Address

34391 W 12 Mile Road
Farmington Hills, MI
48331

Telephone

+12489614300

Website

https://linktr.ee/myloanofficer, http://www.twitter.com/MyLoanOfficer, http://www.linkedin.com/in/emilizrailov

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