Navigating the process of purchasing a house is increasingly complicated, especially considering today’s high-demand, low-inventory market. It’s especially complicated when you factor in mortgage loans, which sometimes seem almost intentionally confusing. Nevertheless, making it through the process and purchasing a home or property is worth it in the end– real estate is an excellent and secure investment.

The mortgage industry is expanding rapidly, with more and more options available to prospective homebuyers than ever before. Some groups have historically had a difficult time obtaining a mortgage, like people who are self-employed or otherwise can’t meet the requirements for documented income, those with low credit scores, and more.

Even just a few years ago, a single and self-employed person was unable to get a mortgage even with proof of capital. But today, the selection of diverse mortgage lenders makes it possible for just about anyone to find an agreement that works for them.

A full-service brokerage firm called Maxim Lending, located in Laguna Hills, California, is dedicated to providing mortgage options to anyone who needs one. For example, they’re able to offer loans to borrowers with credit scores that wouldn’t typically meet the requirements for a traditional agreement– sometimes as low as 500. They also offer multiple purchase and refinance options, including conventional, FHA, VA, Jumbo, Hard Money, and NQM loans.

President Brian Jahanbin explains: “Maxim Lending, as a brokerage firm, has access to a nationwide network of lenders, which enables us to shop around for the perfect mortgage agreement for each individual client. After 20 years in the business, I’ve accumulated connections that can be a big help in finding the perfect mortgage loan for every client’s needs.”

Purchasing any real estate, especially a home, is a highly personal process– after all, this is where you’ll be living and storing all of your possessions. Through traditional lending routes, the process might feel cold and impersonal, with very little “wiggle room” in case of adverse financial conditions. 

Working with a mortgage lending broker, on the other hand, allows for a highly personalized experience with a few additional perks. For instance, the process of obtaining a mortgage often involves a lot of fees. Brokers can often mitigate or completely eliminate these fees, which can potentially save you quite a bit of money. Their connections with lenders might even give you access to rates that you wouldn’t be able to find otherwise.

Unless you’re a real estate expert, the process of shopping for a lender can be stressful; a mortgage broker is highly qualified to do that shopping for you, finding options that you may have never found on your own. They’ll also thoroughly check the quality of any loans they might consider for you, to ensure that you’ll be getting a legitimate and beneficial loan without any hidden stipulations or requirements. 

As someone in the process of buying a home, you’re most likely a hard worker with limited spare time; you’ll likely find it reassuring that utilizing a broker (like Brian Jahanbin) can also drastically reduce the amount of time involved in the approval process, in addition to handling necessary paperwork and managing the appraisal process.

You might be wondering: how much does all this convenience cost? It’s often the case that doing things “the easy way” often ends up costing a lot of money, but that’s not necessarily the case when working with a broker. .

According to Brian Jahanbin, “Typically, the broker gets paid at the very end of the process– after closing– and our cut is usually 1-2% of your final loan amount.”

There are always pros and cons to both sides of the process. Maxim Lending is a broker with connections all over the United States and decades of experience in the market. They’re committed to making mortgage lending as quick and easy and possible for clients, which makes the whole process of purchasing a home a little bit easier– and worth it in the long run.