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The Reverse-to-Purchase Loan (Reverse Mortgage) was established in 1961, as a unique way to help a widowed wife in Portland, Maine keep her home...
Thursday Mar 10, 2016

Crazy VA Rate Mailers

Over the last few weeks at Indigo Mortgage, we've had several of our Veterans call and say they received a letter from a mortgage lender offering them crazy rates such as, 2.5% or 2.75% interest on a 30-year mortgage. They wanted to know if Indigo Mortgage could match those offers....
Tuesday Mar 1, 2016

VA Benefit: Subsequent Use

Veterans have many choices when it comes to loan options. Qualifying Veterans can use their Department of Veteran’s Affairs (VA) benefit numerous times, as along as all previous VA loans are retired...
Many lenders across the United States, including our company Indigo Mortgage, caution seniors about the complications of using an out-of-state lender for a Reverse Mortgage. There are many scams that have been reported to the Federal Government...
Most people have seen advertisements by now for mortgage companies promoting 100%-online mortgages without any human interaction. On the surface, this may seem an easy way to acquire a mortgage, but getting a mortgage isn’t like buying a pair of shoes.
Mortgage interest rates have fallen dramatically over the last few weeks, and are now at those historical lows once again. They are particularly low with FHA and VA rates, in the low-three-percent range. If your current interest rate on those is four-and-a-quarter percent or higher, now is the time to…
Currently, borrowers have many options when searching for a lender to meet their purchase or refinance needs. Many borrowers believe large, national lenders can provide the best rates and service, but that simply isn’t the case. It’s a good idea to use a local mortgage lender like Indigo Mortgage.
Most people know the stock market has taken a beating over the last few weeks. Indigo Mortgage sees a silver lining, though. What many haven’t realized is that mortgage interest rates have been dropping along with the stock market. This is good news for home buyers and homeowners.
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