The large majority of homebuyers say that saving for a down payment is the biggest obstacle to their buying a home, according to a recent survey. Many buyers think they need to put 20% down to buy a new home. However, there are better options.

Today you can buy a home for as little as 3% down, or in some cases, only 1% down. These programs are not offered by all lenders.

Big banks and internet mega-lenders often have only one set of options, and getting you a mortgage is really a way to market more profitable products like auto loans, CDs and money management accounts. You might assume a bank that you’ve had accounts with for many years would make it easier to get a loan and give you a good deal. The bank customers who have come to me after frustratingly long waits for loan approval, difficulty reaching people with answers, and rates no better than a non-account holder would get, makes this assumption very doubtful.

A licensed, independent mortgage professional (like me) can shop your loan with multiple lenders to find the best rate and down payment that meets your needs. As an independent professional I can answer questions and work with you, even outside of “normal” business hours, or on weekends. Mortgages are my sole business and you won’t get on any marketing list for other products.

If you or your friends looking for their best options for a real estate loan, and great service too, have them call me at 818-952-8666 or email me. They will find a vast difference between an independent professional and the bank staffer.