(Office) 734-259-0651 (Cell) 763-232-1377 ggeisenhoff@gmail.com

 

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Get to know Gayle

Your Lender for Life!

GAYLE GEISENHOFF KENNEDY

Gayle is a licensed Loan Officer with 18 years of experience in the Mortgage Industry.

LENDING TEAM

Meet the Geisenhoff Mortgage Group – Loan Partners Erika Katz and Katie Randlett
 

REALTOR PARTNERS

Meet our Realtor Partners – together we form a winning team to meet all of your needs…
 

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Fill out our online application to get approved for the loan that best suits your needs.
 

Your Lender for Life!

Welcome! If you are looking for first-class service, you have come to the right place! I always aim to be friendly and approachable, I am always here to serve you and answer any questions you may have.

I understand that buying or refinancing a home can be stressful and sometimes scary in today’s market. I can assure you that I will work with you every step of the way to make sure your questions are answered, and in a timely manner so that you can relax and enjoy your experience! Give me a call at the number above so we can get started today!

Gayle Geisenhoff Kennedy Mortgage Lender License #329393

TYPES OF LOANS

A mortgage loan not insured by any government program, conventional loans are the most common type of mortgage. They differ from FHA loans and VA loans which are insured by the government. Conforming conventional loans follow the loan amount guidelines set by Fannie Mae and Freddie Mac. Nonconforming loans don’t meet those qualifications, but are also considered conventional. Each mortgage lender, bank or mortgage broker will offer different rates, terms and fees for conventional loans, so it’s best to get Good Faith Estimates from a number of different places to find the best loan.  
One of two types of alternatives to a conventional loan (the other is a Veterans Affairs (VA) loan), FHA loans are insured by theFederal Housing Administration; if the home-buyer can’t pay the loan, the government pays the lender for any losses. Because of the government’s insurance, an FHA loan requires only a 3.5% down payment, and is available to home-buyers with credit scores as low as 620. Each mortgage lender, bank or broker will offer different rates, terms and fees for FHA loans, so it’s best to get Good Faith Estimates from a number of different places to find the best loan for you. As privatemortgage insurance has become hard to obtain and rates have increased, FHA loans have become more popular.

An FHA 203k loan is a loan backed by the federal government and given to buyers who want to buy a damaged or older home and do repairs on it. Here’s how it works: Let’s say you want to buy a home that needs a brand-new bathroom and kitchen. An FHA 203k lender would then give you the money to buy (or refinance) the house plus the money to do the necessary renovations to the kitchen and bathroom. Often the loan will also include: 1) an up to 20 percent “contingency reserve” so that you will have the funds to complete the remodel in the event it ends up costing more than the estimates suggested and/or 2) a provision that gives you up to about six months of mortgage payments so you can live elsewhere while you’re remodeling, but still pay the mortgage payments on the new home.

SOURCE:  http://www.zillow.com/mortgage-rates/finding-the-right-loan/fha-203k/

A USDA home loan from the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, is a mortgage loan offered to rural property owners by the United States Department of Agriculture.  
A mortgage loan on a home where the loan value exceeds the standard limits for conforming loans set by Fannie Mae andFreddie Mac, the government-sponsored institutions that buy loans from banks. As a result, the interest rates on these loans are higher because lenders don’t have the assurance that Fannie or Freddie will guarantee the purchase of the loans. Each year, Fannie and Freddie set the conforming loan limits by county. If the loan value exceeds the conforming limit, there’s no assurance that Fannie and Freddie will guarantee the purchase of the loan. Brokers and lenders must be willing to take on greater risk to fund jumbo mortgages.  

WE WILL FIND THE RIGHT MORTGAGE FOR YOU

Gayle is a licensed Loan Officer with 18 years of experience in the Mortgage Industry.  She will help you decide which loan program and products best match your needs so that you are fully satisfied with your financing options. She is fully involved in the process of getting your loan closed, and will provide nothing less than excellent communication throughout the process. Gayle and her team have a goal to not only meet, but exceed your expectations of the home financing experience.  She wants to be your Lender for Life!

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MORTGAGE LENDING SERVICES

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Home Financing Services in Michigan

The Geisenhoff Mortgage Group

17380 Laurel Park Dr. Suite 150C
Livonia, MI 48152
 

Contact Information: Phone: 734-259-0651 Fax: 734-927-1827 Cell Phone: 763-232-1377

Email: ggeisenhoff@gmail.com

 

Powered by Success Mortgage Partners #130562

Gayle Geisenhoff Kennedy 

Mortgage Consultant

NMLS# 329393