Unlike some mortgage companies in Sterling Heights, Michigan, Gem Home Loans goes to great lengths to help our clients succeed. We’re very much aware of how intimidating, frustrating – and even scary – trying to get approved for a mortgage can be. When you work with us, however, we’ll do everything we can to make the process smooth and easy. You’ll always be able to count on us to keep you calm and relaxed, to carefully spell out all your options, and to keep you fully informed each and every step of the way.
Not everybody is in the right position to purchase a new home. Most of us can’t make a spur-of-the-moment decision to write a big check. Here are a few signs you’ll know the time is right to make your big step.
You’ve Looked at Prospective Neighborhoods
Do a little “recon,” so to speak, and take a good, long look at the neighborhoods you’re considering. If you have children, find out as much as you can about the quality of the schools in the areas you’re thinking of moving. Are there parks, shopping centers and nice restaurants nearby? These are really important factors to keep in mind.
Look Toward the Future
Since none of us have a crystal ball, we don’t really have any way of knowing what our lives will be like next week, much less five years down the road. But you should at least try to take stock of what you think your life will be like. For example, ask yourself if you’ll be in the same profession, or if you’ll want to have kids. You really need to consider these things, because they will have a major impact on not only the size of home you’ll want, but also how much you’ll be able to pay.
How’s Your Credit?
If your credit could use a boost, you’re not alone. But you really need to work on getting your credit score as high as possible – the hither your score, the less you’ll have to pay in interest. Pay off as many credit cards as you can, and look for other ways to reduce your debt-to-income ration. At the same time, though, don’t be depressed if your score is low. You might still be able to qualify using certain types of loan programs. We’ll be more than happy to tell you about them.
Consider the Down Payment
Maybe the most intimidating part of buying a new home is having to come up with the down payment. You may assume you’ll have to be able to cut a check for 20 percent of the home’s purchase price – but that might not be true. Many loans require either no money down, or a down payment of as little as 3.5 percent.
At Gem Home Loans, we know you have choices when it comes to mortgage companies in Sterling Heights, Michigan. We want to be the ones you turn to first, and we also want to help you make your dreams come true. A friendly Gem Home Loans expert will be ready to answer any questions you have, and help you navigate through the complexities. Call us at (248) 780-1030 or contact us online for more information on how we can help.