What makes Gem Home Loans stand out from other mortgage companies in Royal Oak, Michigan? We’re client-focused. We’re not like those impersonal financial institutions that care more about profit than their clients’ best interests. When you work with us, you’ll be working closely with an experienced expert whose main priority will be finding the best solution for your specific needs. We’re intimately familiar with the Royal Oak housing market, as well as the Michigan market as a whole.

Mortgage Companies Royal Oak, MichiganThe mortgage loan process can be confusing – and even intimidating. We know how frustrating it can be. That’s why you’ll always be able to count on us to clearly explain all of your options and help you make the right decision. We’ll take all the fear out of the process, and make it go as smoothly as possible.

Mortgage Options

You’ll find a lot of different mortgage options at Gem Home Loans that will fit your needs. Here are a couple of examples.

  • Traditional 30-year fixed rate mortgages – This provides certainty. You’ll always know your interest rate, and your monthly payments won’t change. Because it’s predictable, you’ll be able to set your budget for the long term.
  • Traditional 15-year fixed rate – A 15-year mortgage will result in a higher payment each month, but it will also provide a lower interest rate. Since you’ll be paying down the principal at a faster rate, you’ll build equity much faster than if you went with a 30-year mortgage – and you’ll save a lot of money in interest.

Loan Options

Here’s a quick look at just a few of the different types of loans we offer.

  • Conventional loans – These are better known as Freddie Mac or Fannie Mae loans. You can customize them to your needs – instead of a 15- or 30- year loan, for example, you could get a 20- or even 17-year loan if you prefer. Conventional loans offer a lot of flexibility you might not have thought was possible.
  • FHA loans – These are insured by the Federal Housing Administration or the U.S. Department of Housing and Urban Development. They’re typically designed for people with lower credit scores, and offer features such as lower down payments.
  • VA loans – A VA loan is only available to veterans of the U.S. Armed Forces or their eligible dependents. They often offer no down payment options, and typically don’t require private mortgage insurance.

A Gem Home Loans expert will be happy to explain these or other options to help you get into the new home you’ve been dreaming about. Since we’re a mortgage broker and work with dozens of investors, we can help you find the best rates for your specific financial situation. Unlike some other mortgage companies, we’re not limited to a single interest rate, or constrained by limited guidelines. We have the flexibility to meet your exact needs.

Get in Touch With Gem Home Loans

You have a lot of choices, of course, when it comes to mortgage companies in Royal Oak, Michigan. But the experts with Gem Home Loans are ready to make the home buying process easier than you may have ever imagined possible. We’ve earned the trust of a lot of people throughout the state of Michigan, and we welcome the chance to earn yours as well. Contact us online or call (248) 780-1030.