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Reverse Mortgages: Keep it Local

Tuesday Aug 29, 2017
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As the population ages, the mortgage industry is seeing a large increase in reverse mortgages. Many companies advertise their reverse mortgage services, but many of these lenders are large national companies, or out-of-state lenders. At Indigo Mortgage, we encourage seniors to keep their loans local. Here’s why, especially when it comes to reverse mortgages.

When potential borrowers engage national lenders or out-of-state lenders, often they find that they are put under a lot of pressure. Many times, the lenders are vague and do not answer all questions fully. Instead of helping borrowers understand the pros and cons of the reverse mortgage program, these lenders are more concerned with making a profit. Borrowers may never be able to speak with their loan originator face-to-face, and, after the transaction has been completed, they may never hear from them again.

A local mortgage broker like Indigo Mortgage is much easier to do business with because we care about you and your loan. Because we’re local, we are happy to meet with you in person and take the time to answer all of your questions. We do not pressure you to apply for a reverse mortgage, rather we give as much information as possible so you can feel comfortable with making your own informed decision. There are so many aspects of the reverse mortgage that are more easily addressed in person, and when you work with Indigo Mortgage, your loan originator is always here, available for you.

Indigo Mortgage is a locally owned and operated company, serving homebuyers in Albuquerque, Rio Rancho, Santa Fe and all across New Mexico. For questions about selecting a mortgage lender, contact Indigo Mortgage in Albuquerque at (505) 836-5700. Indigo Mortgage offers five mortgage divisions including Residential, VA Loans, Reverse Mortgages, Construction and Commercial. They are licensed by the Nationwide Mortgage Licensing System (NMLS #188348), and can provide loans anywhere in New Mexico.

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