The idea that you must use a local lender is outdated. While local connections can be helpful in some situations, today's technology and the rise of mortgage brokers offer significant advantages for borrowers. It's no longer about where a lender is, but what they can offer. Here's why:

Limited Options: Local lenders often have a smaller network of investors, which translates to fewer loan products and potentially less competitive rates. Mortgage brokers, on the other hand, work with a wide range of lenders nationwide, giving you access to far more options and a higher chance of finding the best fit for your unique financial situation.

Outdated "Local Advantage" Arguments: The idea that local lenders have better access to appraisers or other resources is largely a myth. Brokers have extensive national networks, ensuring access to qualified professionals wherever you are. Technology has leveled the playing field, making location less relevant.

Focus on What Matters: Your real estate agent is a valuable resource for navigating the home-buying process, but their expertise is in real estate, not mortgage lending. Choosing a mortgage should be about finding the best loan, not the closest office. That means prioritizing competitive rates, personalized service, and a diverse range of loan products – factors that a good mortgage broker is best positioned to deliver.

In short, don't limit yourself. Explore your options beyond your immediate vicinity to find the mortgage that truly meets your needs.