You might have worked with mortgage brokers in Bloomfield Township, Michigan before and been disappointed with the results. Another broker might have tried to force you into accepting a certain kind of loan, or might have disappeared when you needed them the most. That will never happen when you turn to Gem Home Loans. We’re passionate about making sure our clients are completely satisfied, and we’ll always do what’s best for your long-term finances.
Mortgage brokers work with lenders as well as homebuyers. At Gem Home Loans, all of our brokers undergo intensive training, and they’re also insured and licensed. They have to really know that they’re doing because we have relationships with dozens of lenders. We work with all of them on behalf of our clients to find the best terms. In a nutshell, we shop around so you don’t have to.
You have a ton of options when it comes to home loans, of course, and things can get really complex, really quickly. That’s why we streamline the process through pre-qualification. This involves getting the most accurate picture possible of your financial situation. We look at your past credit use, your assets and debts, and we also look at your income. Once we have all of that information, we can give you a very good idea of what kinds of loans you might be able to obtain.
It’s our job to help you find the best loan at the lowest rates – simple as that. We’ll also walk you through the pre-approval process, collect all the necessary documentation, and then submit the application on your behalf. We do all of this to keep suspense to a minimum so that your loan can go through as quickly as possible – and all of these services are free.
Many people wonder how we get paid. Why would we go through all of that if the client isn’t paying us a dime? The lenders pay us.
You’re probably thinking if a lender pays us, we’ll try to influence your ultimate decision on the loan you choose. We’ll try to steer you in a particular direction. That’s not the case at all. Our industry has very strict regulations. As a result, we’ll make the same amount of money regardless of the loan you choose. We will have the same goal as you – to help you find the best possible loan.
There’s no simple answer to that question. A loan that will work for someone else might not be right for you.
You could go for a government-backed loan, such as an FHA or VA loan. Government loans typically have lower down payment requirements (or, in the case of VA loans, zero down), and less stringent credit score requirements.
You might be better off applying for a non-qualified mortgage. This is a loan for people who have a high enough income to get a conventional loan (one that’s not backed by the government), but can’t qualify through the traditional means.
No matter what kinds of questions you may have, our mortgage brokers in Bloomfield Township, Michigan will have the accurate answers you need. Get in touch with Gem Home Loans by giving us a call at (248) 780-1030, or by contacting us online.