GemCap Equity Management is a financial services provider, specializing in bi-weekly mortgage payment systems that help homeowners reduce their interest payments and pay off loans faster. Founded in 1998, GemCap offers two key products: the Equity Building System™ and the Family Protection Plan. These products aim to help clients build equity faster while providing valuable financial protection for their families.
What Does GemCap Offer?
The core of GemCap’s offerings is its Equity Building System™, which helps clients save thousands by automating half-payments every two weeks, resulting in an extra full mortgage payment per year. This helps reduce the total interest paid on a mortgage, thus shortening its term by several years. Alongside this, the Family Protection Plan offers services like legal and tax benefits and identity theft protection, creating a well-rounded package aimed at securing homeowners' financial futures.
Pros of Using GemCap
- Financial Savings: One of the biggest benefits of GemCap’s program is its promise of significant savings. By making bi-weekly payments, homeowners can save 3–7 years of mortgage payments, as well as substantial amounts on interest. This can be a powerful long-term strategy for those looking to pay off their homes sooner.As one customer shared, “The bi-weekly payments really helped us save thousands over the years. Our mortgage will be paid off much sooner than expected”.
- Increased Equity: By applying more frequent payments, clients build equity faster in their homes, which can offer them more financial flexibility if they choose to sell or refinance their property later.
- Comprehensive Protection: The Family Protection Plan offers essential services such as identity theft protection, legal consultation, and tax services, which can be valuable in safeguarding a family’s financial health.Another satisfied client expressed their gratitude for the service by stating, “I would like to thank you for all your help over the years. It’s nice to work with someone who is so responsive and gets things done”/
- Customer Support: According to customer reviews, the responsiveness of the customer support team is a key advantage. Clients appreciate how quickly the company addresses their needs.
Cons of Using GemCap
- Cost and Fees: While GemCap helps save money in the long run, there are fees associated with enrolling in the service. Some customers may find the upfront costs of the service to be high, particularly when compared to managing payments themselves. GemCap is transparent about fees, but potential clients should review all costs carefully before enrolling.
- Automation Dependency: While automation can be convenient, some customers may prefer more direct control over their payments. If you are someone who likes to be highly involved in your financial management, this system might feel too automated for your tastes.
- Service Limitations: Some users have pointed out that the company focuses heavily on specific financial products like bi-weekly mortgage payments, which may not be beneficial for everyone. If you are looking for more diverse investment options, GemCap’s limited product offering may not meet your needs.
Final Thoughts
GemCap Equity Management offers a well-structured financial service aimed at homeowners seeking to save on their mortgage and build equity faster. Its bi-weekly payment system and protection plan provide a valuable combination of savings and security for many families. However, the service comes with fees, and some users may feel it lacks flexibility in terms of product offerings.
Overall, if you’re a homeowner looking for ways to save on mortgage interest and build equity faster, GemCap might be worth considering—just be sure to weigh the upfront costs against your long-term goals.
For more information, you can visit their official website.