When you want a mortgage lender in Rochester, Michigan, that will clearly spell out the pros and cons of a loan – not one that will try to steer you in a certain direction just because it makes them a lot of money – you’ll definitely want to choose Gem Home Loans. We’re extremely proud of the fact that we’re independent, not part of any kind of large bank or other huge corporation. Our experts are just as knowledgeable about the Michigan housing market, and we’ll always work in your best interests.
A mortgage broker is a type of go-between that works for a borrower and finds the best rates being offered by banks or other types of lenders. Big lenders and banks, on the other hand, work directly with consumers, with no brokers involved. Banks are very popular choices because borrowers can just try to get a loan from the same bank they already have an account with.
Unfortunately, while going through a big bank may seem more convenient, it can also cost you much more money than you may have ever realized was possible. Also, there are a lot of people who are in unconventional situations. They might be self-employed, for example. These types of borrowers may have more complex loans, ones that huge bank just don’t want to have to deal with. As a result, they’ll oftentimes dismiss those borrowers without giving them a second thought.
An independent mortgage broker, however, works differently. The professionals with Gem Home Loans, for example, work with so-called “complex” borrowers on a regular basis. We have a network of investors, so we can find the best loans at the best rates – whether or not you pose any challenges.
You might, for instance, not be able to qualify for a conventional 15- or 30-year mortgage loan. You might be much better off pursuing a VA, FHA, or other type of government program. We have a deep understanding of these programs, and we’ll be able to find the one that works best for your specific financial situation.
As important a reason as that might be, however, maybe the biggest benefit of working with an independent company is that we offer personal attention. We look at our clients as real people, with real dreams and goals. Huge banks and lenders, on the other hand, will typically just look at them as numbers.
We won’t try you to take a certain kind of loan and then push you out the door so we can make money off of someone else. Our team members take the time to make sure you have all the information you need to make the best possible decision. If we see red flags with a certain type of loan program, we’ll be transparent and spell them out – then we’ll try to find you a loan that will be a better fit.
Also, we know how intimidating it can be to go through the mortgage process – whether you’re doing this for the first time or the fifth. Instead of adding to your stress, we’ll work to remove as much of it as possible.
Talk to the mortgage lender Rochester, Michigan residents have trusted for years. You can call Gem Home Loans at (248) 780-1030 or contact us online.