Nuts and Bolts
Name & Title: Advantage Mortgage Inc., Trevor Marugg, Mortgage Advisor
Location: 201 N Meridian Street, Suite B, Newberg
Hours: 8:00 am – 5:00 pm
E: tmarugg@findtheadvantage.com
W: https://www.mortgagesmadesimpler.com
Business Links
Mortgage Brokers Make a Big Difference: Mortgage-Brokers.pdf
Mission Statement
Advantage Mortgage was founded on the principle that big bank/retail lending, was not the best way to serve clients. On August 1st, 2018, our Canby office opened and a new path was forged in Mortgage Lending.
As Independent Mortgage Brokers, we supply our customers with smarter and more financially sound solutions in home lending. You can trust that with any of our Advantage Mortgage team, that you’ll be in the hands of experts. You’ll be guided with knowledge, expertise and kindness, along with the most innovative technology on the market today.
Business Products or Services
We can help homebuyers and homeowners find the best mortgage product to:
• Buy their first home
• Buy their second (or third or fourth) home
• Refinance their current mortgage
• Find down payment assistance
Some of our loan products include:
• ARM Home Loans
• Construction Home Loans
• Conventional Home Loans
• Farm & Agribusienss Loans
• FHA Home Loans
• Jumbo Home Loans
• Refinance Home Loans
• Renovation Home Loans
• Reverse Mortgages
• USDA Home Loans
• VA Home Loans
Business Industry Standing
Advantage Mortgage Inc is a locally-owned, independently-operated mortgage broker. We offer a wide array of loan products and types for homebuyers and homeowners from all walks of life.
-Mortgage brokers save you time and money because we shop multiple lenders to find the best rate and product for our clients.
-We can get homebuyers to the closing table and into their dream home faster (20 days or less).
-We offer wholesale mortgage rates–some of the lowest in the industry.
-We have technology that allows homebuyers to apply for their mortgage anywhere and track the progress of their loan in real-time.
-We’re experts at mortgages because it’s all we do!
Customer Engagement
Our lender and his teams were absolute rockstars throughout our entire home buying process. As first time homebuyers, my partner and I had zero knowledge of the process. Our loan officer at Advantage took the extra time to meet with us via video or phone to talk us through any questions and provide us information about the questions we didn’t even know to ask. He was expedient when we requested offer letters at all times of the day/week and never had trouble with delays. Once we had an offer accepted, Advantage continued to assure we were well prepared with all documents for the loan approval. We were able to close within 3 weeks (1 week early)! Advantage Mortgage’s diligence was key to making that happen. Will certainly be a returning customer should the need arise! Thanks! -Benjamin Rosati
Advantage Mortgage is top of the line in every way imaginable. Their dedication to placing each borrower with the correct loan product for their specific situation is unmatched in the industry. As a 15+ year real estate broker I am confident in referring Advantage Mortgage to anyone in need of a loan. Whenever I refer a client to Advantage, there’s even more reason(s) to trust the job will get done as smoothly as possible. –Dustin Funes
Working with Advantage Mortgage was incredible. I never was left feeling out-of-the-loop or unaware of what was happening during my long lead time to closing. My loan officer and his team went out of their way to make sure I understood the process, explaining the current step and preparing me for the next step throughout. They provided advice to help me make the best financial decision for me, even if it wasn’t the best for them. They also helped me understand the differences in buying new construction. Our loan officer took time to offer advice based upon his experiences building homes to ensure I was asking the builder the right questions. He and his team made this the best buying experience I’ve encountered thus far. I would wholeheartedly recommend and utilize his services again. –Michael Adams
Misconceptions
WHY use an independent wholesale broker vs a retail broker?
Brokering myths and WHY brokering may be the right move for you!
MYTH: I won’t have any control of my loans.
TRUTH: We are closing loans faster than any retail bank out there.
MYTH: I will no longer have relationships with my underwriters.
TRUTH: You can speak to any of our underwriters at any of our wholesale lenders we work with. The lenders we work with provide the customer service, WE WANT!
MYTH: Why are retail rates always changing in the retail market? It must surely be worse when you’re a broker?
TRUTH: This is a practice that retail lenders participate in. They increase margins ever so slowly, to make more profits. Once loan officers catch on and complain, miraculously rates improve. With the independent broker model, like ours, lenders must stay sharp because they realize we are able to take our business anywhere we choose and in choice comes power.
MYTH: Bigger is always better, as in big banks have more options.
TRUTH: Margins are higher on FHA and VA loans on retail. For example, we don’t believe in charging VET’s and first time homebuyers, higher interest rates to “make up,” for the losses on conventional loans. We can always do rate comparisons at any time on these products and the differences are astounding.
At Advantage Mortgage we call it “BUILDING THE EMPIRE” where we all win TOGETHER. We have a solid company that will weather any storm, and the profits aren’t the only part of this EMPIRE. We love local. We love supporting local, and we’ll do whatever it takes to help our local communities.
As brokers at Advantage Mortgage, you’ll always have a say. If you want to make changes or have ideas about how to do things better, we encourage it. We are in this to win this for our team and for our clients, TOGETHER!
