At Gem Home Loans, we know you have a lot of choices when it comes to mortgage brokers in Northville, Michigan. But you won’t find another broker that is more committed to working in your best interests at all times. Purchasing a home can be a stress-filled experience. At Gem Home Loans, however, we work extremely hard to take that stress away. We will clearly spell out all of your options in regard to loans, and then recommend what we feel is the best solution for your specific financial situation. You’ll then be confident and comfortable with your ultimate choice – and a lot less stressed.

How a Mortgage Broker Typically Works

Mortgage Brokers Northville, MichiganThere’s a pretty good chance you’ve heard of a mortgage broker before, but there’s also a good chance that you don’t know what a mortgage broker does. In a nutshell, a broker is an intermediary, one who works with both mortgage lenders and homebuyers. Brokers don’t work for mortgage lenders, they negotiate with those lenders. The negotiations then help find the best deals for the broker’s clients.

For example, say you are interested in either refinancing the home you’re in, or you’re in the market to buy a new one. The reason you’d want to consider refinancing, of course, would be to lower your current monthly payment through getting a lower interest rate. In either scenario, you could, of course, just talk to someone at your local bank. But if you did that, your choices would be limited. Actually, you’d only have one choice – whatever type of program the bank offered.

On the other hand, mortgage brokers not only work with several banks, but other types of lenders as well. Sure, you can spend days and weeks getting in touch with all of these lenders yourself. But you’d quickly find this approach would take up nearly all of your waking hours. Mortgage brokers do that legwork on behalf of their clients.

Another way brokers work with homeowners is documentation. No matter what kind of loan you’re trying to get, you’re going to have to gather a lot of paperwork. Gem Home Loan brokers can help you do just that. We deliver a level of personal attention you won’t find from other brokerage companies. Also, we’ll always be here to answer any questions, or address any concerns you may have. You’ll be able to count on us to keep you informed at all times.

Mortgage Brokers and Loan Officers – What are the Differences?

Again, if you talk to a bank loan officer, that person might seem very helpful and nice – and they very well may be exactly that. But you’ll only be offered the loan options that bank can provide. Mortgage brokers can give you a much, much wider variety of options, from a wide range of lenders. Brokers will not only save you a lot of time and effort, they could also save you a great deal of money as well. At Gem Home Loans, we regularly help our clients save thousands of dollars on their loans, because we can find them much better rates than they could get through their bank.

Find out more about Gem Home Loans mortgage brokers in Northville, Michigan. You can get in touch with us online, or you can call (248) 780-1030.