If you’ve had negative experiences with mortgage companies in Beverly Hills, Michigan before, you’re far from being alone. A lot of people really don’t like dealing with these companies, because they don’t get a lot of options. They might receive a quote for just one interest rate, from one bank. Unfortunately, far too many of them simply assume they won’t be able to get anything better, so they go with that single offer. Gem Home Loans, however, works with a wide variety of different lenders. We go the extra mile to find our clients the very best rate. Let us do the legwork while you reap the benefits.

How Gem Home Loans Works

Mortgage Companies Beverly Hills, MichiganAt Gem Home Loans, we have a team of experienced professionals who know how to treat clients. We also offer many more kinds of loan programs than most brokers. We’re confident we’ll be able to find you the best possible program, at a rate lower than you might imagine possible. Our experts also know how to negotiate, helping increase the chances that you’ll find the home you’ve wanted for a long time.

One of the biggest reasons that Gem Home Loans is a different mortgage company is that we take a personal approach. If you’ve dealt with other mortgage companies in the past, you might have felt that you were more a number than a real person. That won’t happen when you work with us. A Gem Home Loans team member will always work in your best interests, clearly spelling out all of your options. At the same time, we’ll be completely transparent and honest. We’ll tell you exactly what kind of program will work best with your specific financial situation.

How to Find a Mortgage Rate that Fits

In order to find the home that’s best for you, of course, you’ll want to find the lowest mortgage rate possible. After all, it will be the biggest factor that goes into determining whether or not you’ll be able to afford the monthly payment. There are a few things you can control when it comes to finding a good rate. These are just a couple to consider.

  • Debt-to-income ratio – This is typically one of the first things a lender will look at before determining whether or not to approve a loan. The best way to increase your chances for approval will be to reduce your debt load. The best way to do that is to keep your credit card balances at less than 30 percent of the limit. If you can do that, lenders will see you’re not only responsible, but also a good credit risk. Anyone who pays more than 43 percent of their annual income toward debt is going to have a hard time finding a good mortgage.
  • Credit management – In addition to debt-to-income ratios, lenders also look at credit scores. In fact, your credit score will be the single-most important factor when it comes to getting a home loan. Paying your bills on time will help boost your scores. Also, check your credit report to make sure there aren’t any inaccuracies.

If your score isn’t quite where you want it to be, many mortgage companies in Beverly Hills, Michigan won’t even consider working with you. Gem Home Loans isn’t one of them. We’ve helped many clients find new homes, even if they didn’t have sterling credit. Learn more by contacting us online or by calling (248) 780-1030.