You might have turned to a mortgage company in Holland, Michigan in the past for refinancing. To say you were disappointed is a major understatement. They might have viewed you as nothing more than an imposition, and failed to be there for you when you needed them the most. Or, they might have tried to coerce you into a certain type of refinancing program that would up doing nothing more than make them a big commission. That program soon turned out to be a nightmare for you. None of that foolishness will ever happen when you work with Gem Home Loans.

Refinancing – Basic Info

Mortgage Company Holland, MichiganWe have a lot of experience helping people refinance their homes – we also look out for their interests. When you work with us, you’ll never have to deal with us trying to turn a profit by sacrificing your financial health. That’s not the case, unfortunately with some of our competitors.

You might be new to refinancing. If that’s the case, then what you’ll be doing, in a nutshell, will be changing out the mortgage you’re now paying for a new one. The purpose is to pay less for your mortgage each month, since the new mortgage will come with a lower interest rate.

However, some people refinance in order to get a chunk of cash, which they can use to pay off debts, make significant home renovations, or just take the trip of a lifetime.

Others will go through refinancing because they want to change their loan term. For example, you might have recently got a new job, one that pays you a significantly higher salary. Or, you could have come into a lot of money in some other way. You have the financial wherewithal it takes to pay off your home much faster, so you’ll want to switch out your 30-year mortgage for a 15-year loan.

Another reason to refinance is to change from an adjustable-rate mortgage to a fixed-rate loan. You’re tired of the rollercoaster, having to pay more one month, and then paying less, and then paying more again. It’s time for some certainty.

Whatever your motivation to refinance might be, just turn to Gem Home Loans. We’ll make it smooth and easy.

Should You Refinance?

Refinancing isn’t for everyone, no matter how good it may sound. We’ll take a close look at your financial situation and make the recommendation we feel is best for you.

Say, for instance, that you could shave 1 percent or more off of your interest rate. This is an instance where refinancing is a no-brainer. It will help you build equity in your home much faster, and you’ll also save money on your mortgage payment each month.

But what about the flip side? What about closing costs? A lot of people find that refinancing isn’t quite what they imagined when they find out how much they’ll have to pay. Suppose you owe $150,000 on your house. There’s a pretty good chance that you’ll have to pay up to 9 percent – that would mean cutting a check for about $13,650.

Let us show you why Gem Home Loans should be the mortgage company serving Holland, Michigan that you turn to each and every time. Use our online contact form to get in touch, or call (248) 780-1030.