Is a 30 yr fixed rate mortgage in Rochester the best choice, or would another type of loan program be better? If you talk to a professional with Gem Home Loans, you’ll know the answer beyond a shadow of a doubt. Our experts are standing by to help make sure the loan you get it just right for your specific financial situation. We won’t try to pressure you into taking any type of option. We simply want you to make the best-informed choice.

A Brief Look at Gem Home Loans

30 Yr Fixed Rate Mortgage RochesterThe top priority of Gem Home Loans is working in the best interests of our customers – every time, all the time. There are a lot of lenders that do just the opposite. They’re so focused on turning a profit that they’ll steer clients in a direction that might not be right for them. We actually started Gem because we truly hate that approach. We deliver personalized attention, and give them all the information they need. There aren’t a lot of lenders that can make that same statement.

What Kind of Loan is the Best Choice?

You might very well be better off with a 30 yr fixed rate mortgage – or something else might be a better option. These are just some of the programs you can get from Gem Home Loans.

  • VA loans – If you served in the military and received an honorable discharge – or you’re still serving – then this could very well be the best choice. VA loans have helped millions of vets get the home they wanted – without having to settle for something less. You don’t have to pay a down payment, and you won’t’ have to deal with private mortgage insurance.
  • FHA loans – The U.S. government backs FHA loans, just like VA loans. If you’re a first-time homebuyer, an FHA loan might be the way to go. The down payment requirement is very low, and you don’t need to have sparkling credit.
  • Conventional loans – There are two main kinds of conventional loans – 30-year and 15-year mortgages. If you make enough money to swing the higher monthly payments associated with a 15-year mortgage this could be a great choice. If you want a more manageable monthly payment, then a 30-year mortgage will probably be the better option.

Fixed or Adjustable Rate?

This is another very important consideration. As the name implies, a fixed interest rate doesn’t change over the life of the loan. Interest rates, of course, can fluctuate quite often. When they go up, you’ll pay more. When they go down, you’ll pay less. Some people don’t mind that uncertainty, because the cost savings can be substantial. Others want to know exactly what they’ll be paying every month.

Which category best fits you? One way to know for sure is to get in touch with a Gem Home Loans expert. We’ll clearly spell out all of your alternatives so that you are completely confident in your final choice.

We’re Standing By to Help

Please don’t hesitate to get in touch with Gem Home Loans, whether you want to know more about a 30 yr fixed rate mortgage in Rochester or any other kind of loan program. You can fill out our convenient online form, or you can give us a call at (248) 780-1030 for more information.