Owning a new home is a huge milestone—and one of the most common life goals many of us work toward.
To make that dream a reality, most people need a reasonable and achievable plan. Let’s face it—very few Americans can pay for a home in full upfront. In fact, only about one percent of the population can do that. The remaining 99% have to explore other ways to fund their homeownership goals.
The journey toward homeownership may feel overwhelming, especially when it comes to financing. But with the guidance of a mortgage broker, the process can become smooth, insightful, and even enjoyable.
Related: First Home Buying Guide: Tips and Tricks
A mortgage broker helps match you with the best lender for your needs. A great broker doesn’t just point you in the right direction—they help you understand your borrowing options and answer critical questions.
Good brokers have inside knowledge on funding strategies that align with your financial goals. But you should never hesitate to ask them questions. Doing so helps you understand the real estate landscape and ensures that the lender is a good fit.
Working with a local broker in Orange County, for example, provides access to personalized service and local Realtor resources that can make a big difference—sometimes even applying commissions toward closing costs.
A qualified mortgage expert will ask you about your finances before recommending a loan. Answer their questions honestly so they can customize their suggestions to your situation.
If you’re comfortable, share your credit report. This helps them fine-tune their recommendations even further.
Mortgage loan types include:
If the lender is pushy or unclear, don’t hesitate to find one who is more transparent and supportive.
Related: How to Get a Home Improvement Loan
Many assume they need a 20% down payment—but that’s not always the case. If you’re well-qualified, you may only need as little as 3%.
Your broker can walk you through all the options and explain how things like your credit score and credit history impact your eligibility.
Related: Signs You’re Ready to Buy Your First House
Don’t get blindsided by hidden charges. An experienced broker can give you a full breakdown of closing costs and third-party fees.
Typical third-party fees include:
Brokers can also decode fine print that may be missed by the average buyer. By law, you’re entitled to a loan estimate outlining these costs.
🔗 Learn more about hidden charges
Some brokers also act as direct lenders and can approve loans in-house, which speeds things up—especially for FHA or VA loans.
Whether in-house or external, ask your broker how long loan processing will take. Most loans close in 21 to 45 days.
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Your interest rate is the annual cost of borrowing and depends on your credit score, debts, location, employment history, and other factors.
Rates also fluctuate with the economy, so it’s important to work with someone who can explain timing and trends.
For many, owning a home in places like New York or San Francisco seems out of reach—but a local mortgage broker can show you what’s possible.
At Mares Mortgage, we’re committed to honesty, financial education, and hands-on service. Whether you’re buying your first home or upgrading, we can help you get there.
👉 Contact Mares Mortgage today to get started.
Happy House Hunting!
