If you’re looking for a new home, you’re probably immersing yourself in topics such as 30-year mortgage rates in Michigan, conventional vs. FHA loans, and many others. For many people, trying to figure out the right kind of loan can be overwhelming. Why put yourself through all of that stress and confusion? The experts with Gem Home Loans can make it easy. We will do everything we can to make you as comfortable and confident in your decision as possible, and never try to force you into any kind of loan program.

We Actually Care

30 Year Mortgage Rates MichiganThere are a lot of mortgage brokers out there who only focus on rates, liabilities, terms and other financial matters. They throw out a lot of complex vocabulary that doesn’t do anything but make people even more confused and stressed out.

Buying a new home should be an exciting time, not one filled with a lot of worry and frustration. Whether this is your first home or your sixth, you might assume that’s just part of the process. But it doesn’t have to be that way, especially when you turn to Gem Home Loans.

You won’t have to worry about any kind of confusion when you work with us. The reason is we truly care about our clients. They’re not just numbers used to work toward a sales quota. We work very hard to take away the complexity so our clients can look forward to their new life in the home of their dreams.

What You Need to Know About a 30-Year Mortgage

You might find that a 30-year mortgage is perfect for your financial situation. Or, another kind of loan program may be better. It will be extremely important that you completely understand the basics of 30-year mortgages.

  • There are a lot of benefits to pursuing this kind of mortgage. Since it has a fixed interest rate, you won’t have any uncertainty as to how much your monthly payment will be. This, of course, will make putting together a budget a lot easier. Not only will you have a stable payment, you’ll also have a lower payment than if you went with a 15-year mortgage.
  • However, if you can handle the higher payments associated with a 15-year mortgage, that may actually be a better choice. You’ll be paying a lot less in interest – a lot The money you could save over the long term will be significant.
  • You might not be a candidate for either a 15- or 30-year mortgage. If that’s the case, don’t worry. There are a lot of other loan programs that offer the stability of 30-year mortgages but don’t force you into that kind of a long-term commitment. Talk to Gem Home Loans and we’ll be more than happy to tell you about all of those other options.

Other Kinds of Loans to Consider

There’s a chance you’re not even interested in going the so-called “traditional” route. You might, for instance, want to buy some land. Or, you may be looking to renovate your existing home. There are loans for those as well.

If you have any questions about 30 year mortgage rates in Michigan, or you want to know anything else about the lending process, get in touch with Gem Home Loans. Call (248) 780-1030 or contact us online.