A 30-year mortgage in Troy, Michigan might be exactly right for your specific financial situation. Then again, another type of program might be the best fit. How will you know for sure? By speaking with a Gem Home Loans mortgage expert. We’re not obsessed with making profits – we care more about making people comfortable. As a result, we’ll make sure you have all the information you need to make the best possible decision. You won’t deal with any high-pressure sales tactics, unlike some other mortgage companies.

Taking Away the Stress

30 Year Mortgage Troy MichiganThere’s a certain amount of uncertainty and worry associated with the process of buying a home. That’s the case whether you’re going through this for the first time or you’ve done it for years. But at Gem Home Loans, our focus is making your experience as stress-free as possible.

A lot of mortgage brokers zero in on the financials – liabilities, terms, rates, etc. That approach does nothing but create a lot of added confusion to what can already be a complex situation. We go the extra mile to take that confusion out of the equation.

Important Information on 30-Year Mortgages

Even seasoned homebuyers often have questions when it comes to getting the right kind of mortgage. For first-timers, trying to do so can seem overwhelming. Here are just a few pieces of information that might help clear up any questions you may have.

  • A 30-year mortgage offers a lot of benefits. For example, it comes with a fixed interest rate. That means you’ll have a very good idea of exactly what you’ll be paying each month, making it easier to set your budget. This type of mortgage also results in a lower monthly payment than, say, a 15-year mortgage. So you not only have affordability, you also have stability.
  • But as impressive as those benefits may be, that still doesn’t automatically mean a 30-year mortgage will be your best option. You’ll pay a lot less each month than with a 15-year mortgage, but you’ll also be paying a lot more in interest.
  • Of course, 15- and 30-year mortgage programs aren’t your only options. There are programs, for example, that provide the stability of a 30-year mortgage but don’t lock you in for as long a time period. When you work with us, we’ll show you all the benefits and drawbacks of all the programs we offer, and make sure you’re at peace with your ultimate choice.

Other Loan Options

You may want to go in a completely different direction with your loan. If that’s the case, we can help you there as well. For example, you might be interested in making a land purchase. Or, you might want to look into a home construction loan. This is where we loan you the money to cover the costs of building the home. Once construction is finished, the loan will then convert to a mortgage. We can even discuss a home improvement loan if you’re interested in renovating rather than moving.

Ready to Learn More?

Get in touch with Gem Home Loans if you want more information about a 30-year mortgage in Troy, Michigan or any other type of program we offer. Just give us a call at (248) 780-1030 or get in touch by using our convenient online form.