Did you ever feel uneasy about working with mortgage companies in Clinton Township, Michigan, in the past? Were they trying to influence you into pursuing a particular type of loan, even though you didn’t think it was right for you? That will never happen when you work with the pros at Gem Home Loans. You can rest assured that we will only recommend loans to help your long-term financial situation.
What’s not to like?
If you can afford it, it would be a great move that could be one of the best decisions you ever make. At the same time, however, it will be a huge responsibility. Not that a 30-year mortgage wouldn’t be, of course, but a 15-year mortgage is an even bigger one.
If you’re going to pursue this kind of loan, you will have to think long and hard. Yes, you’ll save a great deal of money on your interest payments, but your monthly payment will be much, much higher. Do you have the money to handle that payment and still cover your other monthly expenses? Will you be able to afford a 15-year mortgage and also be able to set something aside for retirement? What about emergencies? Would you have enough to cover those as well?
A 15-year mortgage might not be suitable for you if you can’t truthfully answer “yes” to all of the above questions. Also, you might be in great shape financially at present, but are you confident that will be the case further down the road?
We’re not trying to dissuade you from going after a 15-year loan. At the same time, however, we will be completely honest with you. When you work with us, we’ll take a close look at your finances. There’s every chance they’ll be strong enough that you can handle this kind of mortgage. If that’s the case, we’ll be more than happy to recommend it to you. But if we genuinely believe you’d be better off going another direction, we’ll tell you that as well.
That’s a primary reason we’re different from many mortgage companies. Others will take a cursory glance at your financials, see that you make a certain amount of money each month, and tell you that a 15-year mortgage will be perfect. They’ll do this even though it’s apparent that the monthly payment would take up all of your available money.
Why would they do this? The answer is simple. They’re going to make a big commission if your loan is approved – they don’t care that this loan could set you up for years of financial hardship.
Gem Home Loans isn’t like many mortgage companies in Clinton Township, Michigan. We care about our clients. Learn more by contacting us online or calling (248) 780-1030.
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