Bend Oregon Mortgage Lenders – Local?

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Bend Oregon Mortgage Lenders

Hello everybody and welcome again to the Bend Real Estate Minute. This is Thom Gardner, Principal Broker and Pure Buyer’s Broker at Bend Brokers Realty, which is part of Bend Brokers Realty.
Today, I’m going to talk to you a little bit about Bend Oregon mortgage lenders. Now other than choosing myself, the second most important choice you’re going to make, if you’re getting a loan, is your mortgage lender.
Now, people often ask me, “Should I use somebody in my hometown who I may have used in the past for a purchase as my lender? Or should I look at Bend Oregon mortgage lenders?”
I believe it’s important to use somebody locally because Bend is a very unique market, very unique, especially in terms of seasonality of sales, as our sales go through the roof in spring and summer and die most of the rest of the year. And things like the forest boundary, urban growth boundary, septic tanks, and other area specific things here affect loans, and it’s good to have somebody here who understands that stuff and works with it every day versus somebody maybe online – that’s often the worst choice I’ve found – or someone in your local town who may not be used to some of these issues on a daily basis.
Concerning loans, most deals that fall apart do so right at the very end of the deal. You need a mortgage lender who can move fast. And importantly as well, you need someone who will take your phone call on a weekend or an evening, who will give you their cellphone number. If you use somebody online, that’s not going to happen. If you use a bank, that is not going to happen.
I almost always recommend a mortgage broker over a banker because he or she doesn’t get paid unless you get your loan, unlike a banker who gets paid a salary and he or she’s not going to be so hot on running and chasing down every detail for your loan. It’s going to happen or it doesn’t happen. A mortgage broker needs your sale to go through in order to make money. So I highly recommend you use one instead of a bank.
And if you use a Bend Oregon mortgage lender, which again I highly recommend, and there’s a problem at the very end of your deal, I can get them on the phone, get them running and say, “What is going on here?”, or “We need this fixed immediately”.  Or, conversely, if they have a problem and they need me to chase something down, they can get ahold of me really quickly and say, “Here’s what I need. Do this, do that.”
I’ll give you at least three Bend Oregon mortgage lenders to choose from so that you have a choice in figuring out who works best with you and who will give you the best deal in the end. But again, I highly recommend using somebody locally. When we’ve had deals fall apart due to loans, it’s almost always when someone is using a lender that is not here in town.
Now again, this is Thom Gardner, Principal Broker and Pure Buyer’s Broker, BendBrokersRealty.com.  CONTACT ME if I can be of help!