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Friday Oct 17, 2014

Mortgage Anxiety

Many first time homebuyers, or even current homeowners looking to refinance, never follow through on the process simply because they are unfamiliar with the application process, are nervous to apply, or image that it will take far too much time to complete.
Tuesday Oct 14, 2014

Mortgage Market Updates

The biggest news on the mortgage market these days is the fact that mortgage rates have been steadily trending downward. In fact, over the last several weeks, rates have dropped to their lowest of the past 18 months. For this reason, now is a great time to for any homeowner…
There’s a lot more to mortgage pre-approval then just discovering whether you are qualified and locking in what the precise rate of your loan will be. When working with an experienced local lender like Indigo Mortgage, you will enjoy great transparency, and know exactly how the total monthly payment is…
Many television and radio ads promote big, out-of-state mortgage companies-- but borrowers should think twice about using them. Why? You become a digit highlighted on an application with no personal service. You may speak to a local loan originator, but once that conversation takes place and you sign up, you're…
Commercial loans have been finacing well, recently. Indigo Mortgage secured financing for a Mobile Home Park at a great rate-- in th 5% range! We were also able to negotiate the loan without a pre-payment penalty. Additionally, we've seen a commitment letter come through on a Multi-Family Apartment Complex and…
If you're worried about mortgage insurance payments, there may be a solution just right for you-- Lender Paid Mortgage Insurance. On a oonventional mortgage the minimum required downpayment is 5% of the purchase price. If a borrower puts down less than 20% the loan will require mortgage insurance-- an insurance…
Finding a commercial lender for your business property isn’t always easy. Each lender determines what risk they are willing to take on a particular type of commercial transaction—some lenders will not fund certain types of businesses-- and then, if that category fits their criteria, they will move on to review…
At Indigo Mortgage, we sometimes have unique challenges to find an organization the right commercial loan. This last week, we successfully secured financing for a few different property types. We got commitment letters on an auto repair shop, an assisted living facility and a church loan.
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