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TO SELL AND BUY IN LA is run by AUDRIS & RAY, two native Angelenos with the local expertise, skillset, and experience to successfully guide you through the Los Angeles real estate market. +more

5 reasons to work with a Mortgage Broker vs financing your home purchase through a bank



Unless you're paying cash, one of the biggest decisions you'll need to make during the homebuying process is how to finance your new home. While working with a bank can seem like the default option for many people, working with a mortgage broker offers many advantages over financing with a bank:


1. Access to More Options

When you work with a bank, you are limited to their products and services. However, when you work with a mortgage broker, they have access to a variety of lenders and loan products. This means they can shop around to find the best mortgage for you, whether it's a fixed-rate, adjustable-rate, or FHA loan.


2. Save Time and Hassle

The home-buying process can be time-consuming and stressful. When you work with a mortgage broker, they can help take some of the burden off your shoulders. They'll handle the paperwork, communicate with the lender, and ensure everything is on track for a smooth closing. This can save you time and hassle, allowing you to focus on other aspects of the home-buying process.


3. Expert Advice

Mortgage brokers are experts in the industry. They know the ins and outs of the mortgage process and can provide you with valuable advice. They can help you understand the different types of loans and which one is right for your unique situation. They can also provide guidance on how to improve your credit score or how to save for a down payment.


4. Save Money

Working with a mortgage broker can actually save you money in the long run. They can help you find a loan with lower interest rates and better terms. This can add up to significant savings over the life of the loan. Additionally, mortgage brokers often have relationships with lenders and can negotiate on your behalf to get you the best deal possible.


5. Personalized Service

Mortgage brokers provide a personalized service that you may not get with a bank. They take the time to understand your needs and goals and tailor their services accordingly. They can provide one-on-one guidance and support throughout the home-buying process, making it a more enjoyable and less stressful experience.



when it comes to financing a home purchase. This is often because they already have an established banking relationship and feel more comfortable working with a familiar institution. In addition, some people may believe that a bank will offer them better rates or terms since they have a larger pool of funds to lend from. However, this is not always the case and can vary depending on the individual's financial situation and creditworthiness. It's important to do your research and explore all of your options, including working with a mortgage broker, to ensure that you're getting the best deal possible.Should you work with a bank or a mortgage broker? Here are some reasons why working with a mortgage broker can be beneficial.


Working with a mortgage broker can offer many benefits when financing a home purchase, including greater flexibility and control over your loan. With access to more options and personalized service tailored to your specific needs, a mortgage broker can help you find the best loan for YOU, saving time and money in the process. So, if you're in the market for a new home, you should definitely weigh all your financing options and consider working with a mortgage broker to help make your dream of homeownership a reality.


Watch the full episode 2 of Real Estate Roundup below!


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NARROW TITLE

Running LA: Angelino Heights/Echo Park Lake

AUDRIS LAM

DRE 02134049

​RAY GUTIERREZ

DRE 02013794

Chase Skye Realty Group
Equal Housing Opportunity
National Association of REALTORS®
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AUDRIS LAM

DRE 02134049

RAY GUTIERREZ

DRE 02013794

hi@tosellandbuyinla.com

323.510.0040

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