A Gem Home Loans expert can answer any questions you may have about a 30-year mortgage in Plymouth, Michigan. Our clients know that we will always be accessible, and ready to address all of their concerns. Buying a home shouldn’t be a stress-filled experience – at least that’s what we believe. When you turn to us, we’ll be ready to take all of the worry and frustration out of the home buying process.
There are quite a few people out there who find their financial situation has changed dramatically since they signed a 30-year mortgage. Their children may have moved out of the home, they may have changed jobs, or they may have received an inheritance. Whatever the reason, they have a lot more money now than they did when they first moved into their home.
As a result, they may want to move from a 30-year to a 15-year mortgage. They’ll not only pay off the home a lot faster, they’ll also save thousands of dollars in interest payments. If you’re thinking about making the switch, it’s important to realize that, even though you may feel you can afford to do so, this kind of major commitment isn’t for everyone. Here are just a few considerations to keep in mind.
It might seem that we’re trying to dissuade you from switching to a 15-year mortgage rather than sticking with your 30-year mortgage in Plymouth, Michigan. We’re really not. What we want you to do is to carefully weigh all of your options first. Making the change might very well be a great decision – we just want you to be 100 percent certain. Let a Gem Home Loans professional help you make the best possible choice. Contact us online or call 248-780-0601.