(505) 836-5700

Give Us A Call

(505) 836-5700

click to call

Tuesday, 03 April 2018 19:49

Stay Local for Your Pre-Qualification

At Indigo Mortgage, we always advise borrowers to shop local when they’re looking to pre-qualify for a mortgage. Online lenders and big out-of-state banks will often pre-qualify a borrower up front, but they will process and underwrite the loan out-of-state. Borrowers will then be faced with impersonal customer service and untimely response times. In contrast, working with a local broker like Indigo Mortgage allows you to work with the same loan officer at every step of the loan process, from pre-qualification on.

It is one thing to get pre-qualified, but that is only a small part of the process. When dealing with these institutions, it’s virtually impossible to attend a first-time-homebuyer seminar, or even get answers to questions. It’s important however for homebuyers to understand the terms of their mortgage, how the buying process works, and who is responsible for closing costs. Staying local affords homebuyers the opportunity to learn more and get answers to all of their questions.

There are many working parts involved in a homebuying transaction. Realtors, title companies, buyers and sellers are involved. Every one of these parties relies on the lender to facilitate the transaction. Having access to a dedicated loan officer to help you with your transaction every step of the way is a huge advantage for homebuyers. Local lenders are accountable and easy to access, online and out-of-state lenders however, are not. So stay local and work with a company that cares, like Indigo Mortgage.

Published in Blog
Tuesday, 02 January 2018 20:34

KKOB January 2

Today on KKOB, Ben Lucero explains the importance of persistence when it comes to finding the right mortgage, even if you aren't approved by one lender, there are still deals out there!

Published in Radio
Tuesday, 24 October 2017 18:00

KKOB October 24

It's come to our attention that several companies have been posing as Indigo Mortgage online in an attempt to obtain sensitive information from shoppers. Ben Lucero addresses this on KKOB and talks about the importance of keeping your information secure online.

Published in Radio
Tuesday, 12 September 2017 15:46

Prequalification vs. Preapproval

If you’re a first-time homebuyer or if it’s been a while since you’ve purchased a home, you likely have a lot of questions about the mortgage process. Indigo Mortgage is always here to provide information and expert advice on all mortgage related topics. One thing that many people ask us about is the difference between prequalifying for a loan, and getting preapproval on a loan. These are two very different things.

Prequalification: When a borrower wants to prequalify for a mortgage, they submit a full mortgage application. The lender will then pull a credit report and collect income verification, such as bank statements. The lender will then analyze that information and, if it meets all criteria, the lender will issue a prequalification. This will give the borrower an idea of the mortgage amount they’re eligible for.

Preapproval: The preapproval process goes further than prequalification. All financial information collected from the borrower in the prequalification process is submitted to an underwriter. The lender will then be able to tell the borrower exactly how much they qualify to borrow. When you are preapproved for a mortgage, you will receive an exact loan amount in writing, so you can look for a home at or below that price level. This can make your home-shopping experience so much easier. In a competitive market, it may also give you an advantage if the home you love has multiple offers, because your financing is already assured.

When you’re shopping for a home, call Indigo Mortgage for your prequalification or preapproval.

Published in Blog
Tuesday, 09 May 2017 21:52

KKOB on May 12

In this segment on KKOB, Ben Lucero disusses one of the major questions all shoppers should ask when looking for a mortgage loan, and why a low interest rate doesn't mean you're saving money!

Published in Radio
Monday, 13 February 2017 23:32

Not So Rocket Fast

Obtaining a mortgage is not like buying a pair of shoes from Amazon. We’ve all seen the commercials for a quick loan, promising that it only takes a few clicks to get approval. But it’s really not that simple. At Indigo Mortgage, we advise borrowers to be cautious of national lenders that advertise easy, quick, one-size-fits-all loans.

Mortgages can be extremely complicated with many variables. Every mortgage application is unique, and requires the full attention of a licensed and trained mortgage broker. There is no way an automated loan service can answer all of your questions for you. Indigo Mortgage strongly encourages working with a local lender that can provide in-depth, face-to-face answers to your unique questions.

Working with a local mortgage lender means that your broker understands your personal circumstances and provides you with personalized help. National lenders that promise fast loans neglect the personal element of conducting business in person. We believe lenders should treat clients like people, not just digits on an internet application.

While national online lenders promise convenience and expediency, we still advise working with a local broker, and shopping around to make sure you’re getting the best rates and terms on your mortgage!

Published in Blog
Tuesday, 14 February 2017 23:04

KKOB on February 14

Today on KKOB, Ben Lucero of Indigo Mortgage discusses why borrowers should be wary of national lenders that promise conventient online loans, and why it's more efficient to work with a local lender.

Published in Radio
Wednesday, 04 January 2017 00:02

Broker vs. Bank: What's the Difference?

At Indigo Mortgage, we understand that borrowers looking for a mortgage loan have plenty of options these days. But when it comes to choosing between a broker like us, or a bank, it’s important to know what the key differences are. Knowing the distinction between the two can mean thousands of dollars in savings!

Published in Blog
Wednesday, 24 August 2016 22:57

Partnership with United Wholesale Mortgage

Indigo Mortgage has teamed up with United Wholesale Mortgage (UWM) to offer our fellow New Mexicans a 1% down payment mortgage loan. A 1% down payment is much different than any other loan on today’s market.

The underlying loan is the conventional 3% down loan program, but the borrower only puts down 1% and the other 2% is gifted by United Wholesale Mortgage (UWM). This is a true gift and shouldn’t be mistaken as a 2nd mortgage.

In other words, the borrower is walking away with 2% equity at closing. For example, on a $200,000 loan, the borrower would put down $2,000 and UWM would gift them the other $4,000. There are no income limitations, but the borrower must have a minimum credit score of 700.

We introduced this program this week and we already have several borrowers that have qualified. The interest rate on these mortgages are the same as conventional loans, and this is a great opportunity for homebuyers. Call Indigo Mortgage today at 505-836- 5700 to see if we can qualify you for this 1% down payment purchase loan.

Published in Blog
Wednesday, 18 May 2016 23:55

KKOB on May 17

Ask About Lender Credits

Published in Radio
Page 1 of 6

Warning: mysqli::stat(): Couldn't fetch mysqli in /home/indmortgage/public_html/libraries/joomla/database/driver/mysqli.php on line 209

Warning: mysqli_close(): Couldn't fetch mysqli in /home/indmortgage/public_html/libraries/joomla/database/driver/mysqli.php on line 216

Warning: mysqli::stat(): Couldn't fetch mysqli in /home/indmortgage/public_html/libraries/joomla/database/driver/mysqli.php on line 209

Warning: mysqli_close(): Couldn't fetch mysqli in /home/indmortgage/public_html/libraries/joomla/database/driver/mysqli.php on line 216

Warning: mysqli::stat(): Couldn't fetch mysqli in /home/indmortgage/public_html/libraries/joomla/database/driver/mysqli.php on line 209

Warning: mysqli_close(): Couldn't fetch mysqli in /home/indmortgage/public_html/libraries/joomla/database/driver/mysqli.php on line 216

Warning: mysqli::stat(): Couldn't fetch mysqli in /home/indmortgage/public_html/libraries/joomla/database/driver/mysqli.php on line 209

Warning: mysqli_close(): Couldn't fetch mysqli in /home/indmortgage/public_html/libraries/joomla/database/driver/mysqli.php on line 216