Bend Oregon Real Estate | Gambino Real Estate

When it comes to buying a home, one of the most important decisions you will make is how to finance it. And while you can certainly go directly to a bank or lender to get a mortgage, working with a good mortgage broker can offer a number of benefits that can make the process of buying a home much smoother and more successful.

First of all, a good mortgage broker has access to a wide variety of mortgage products from different lenders. This means that they can shop around and find the best mortgage rate and terms for your specific situation. A bank or lender may only be able to offer you their own products, which may not be the best fit for you. By working with a mortgage broker, you have access to a wider range of options, which can save you money in the long run.

Another benefit of working with a good mortgage broker is that they can help you navigate the often complex and confusing mortgage process. From pre-approval to closing, a mortgage broker can guide you through the steps and help you understand what you need to do to qualify for a mortgage and close on a home. This can be especially helpful for first-time home buyers who may not be familiar with the process.

A good mortgage broker can also help you find the best mortgage for your specific needs. For example, if you are self-employed or have a less-than-perfect credit score, a mortgage broker may be able to find a mortgage product that is better suited to your situation. They can also help you find government-backed programs such as FHA and VA loans that can help you purchase a home with a lower down payment.

In addition, a good mortgage broker can be a valuable resource throughout the life of your mortgage. They can help you refinance your mortgage if interest rates drop, or help you find a new mortgage when you are ready to move to a new home. They can also help you understand the various loan options available and which one is best for your current financial situation.

Our teams go-to mortgage broker in Central Oregon is Garrett Meyers at Elev8 Mortgage.