(505) 836-5700

Give Us A Call

(505) 836-5700

click to call

Tuesday, 03 October 2017 15:30

KKOB October 3

Today on KKOB Ben Lucero discusses why it's important to get a second opinion, and not just go with the first loan you come across.

Published in Radio
Wednesday, 04 October 2017 22:50

Second Opinions on Mortgages

When should a borrower shop their mortgage to various lenders? Certainly it’s best to do so as part of the preapproval process so that you have concrete offers to compare lenders. However, even when you’re under contract with a property, it’s not too late. As an example, we recently had a call from a local realtor, working with a veteran who was already under contract, when they realized that the veteran did not have any funds for closing costs. The seller would not contribute more.

The lender with whom the veteran was already approved did not offer any lender credits. At Indigo Mortgage, we were able to help this veteran and give him enough lender credits to cover all of his closing costs. And, we were able to offer the same mortgage rate as the other lender was offering. This is a prime example of how lender credits can help not just veterans but also FHA borrowers as well.

As another example, we just had a borrower come in directly from a local big bank. The bank told her she did not qualify for a mortgage with them and suggested she contact Indigo Mortgage.

We looked at this young lady’s situation and by analyzing her income documents and credit profile, we were able to find a loan for her. If this lady had not shopped her mortgage around, she might not have ever known she could qualify for a mortgage. As always, we suggest borrowers shop their loan around and to include a local trusted mortgage company like Indigo Mortgage. Borrowers might be surprised at what we can do for them in their home mortgage.

Published in Blog
Tuesday, 18 July 2017 12:35

KKOB on July 18

This morning on KKOB, Ben Lucero explains why working with a local mortgage broker has major advantages over borrowing from a big bank or national lender.

Published in Radio
Monday, 10 July 2017 06:00

KKOB on July 11

On KKOB this morning, Ben Lucero discusses why it's so important to shop around before accepting a loan proposal. Learn how you can save money on your mortgage loan.

Published in Radio
Monday, 10 July 2017 06:00

13 Billion Dollar Shopping Cost

At Indigo Mortgage, we always urge our clients to shop around for their mortgage loans, and for good reason. The Consumer Financial Protection Bureau (CFPB), the federal governing agency responsible for consumer financial protection, just conducted a national survey and found that only 50% of consumers bothered to shop around and research their mortgage loan. Those consumers who did not shop around ended up having to pay $13 billion in fees, fees that could have been avoided.

According to the CFPB’s findings, borrowers took their first offer from a large institutional lender, internet lender, or a national bank. “Consumers put great thought into the choice of a home, but the mortgage process continues to be intimidating” says CFPB Director Richard Cordray, “Shopping for a loan can save big dollars in the long run.”

Rates can vary as much as ½ a percent from one lender to the next, and even at the same rate, the closing costs can vary by several thousand dollars. Don’t assume that your lender is going to give you the best deal. At Indigo Mortgage, we believe that an educated borrower can save themselves thousands of dollars by making an informed choice. If you have any questions about your mortgage loan, call Indigo Mortgage, we will be happy to answer your questions and show you the important elements of loan proposals, so you can save money!

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, 10 April 2017 22:54

KKOB April 11

Today on KKOB, Ben Lucero discusses how shopping your mortgage around can potentially save you thousands of dollars on a veteran or FHA loan.

Published in Radio
Monday, 10 April 2017 22:46

Lender Credits Shop

At Indigo Mortgage, we always encourage borrowers to compare mortgage loans, shop around, and negotiate. No matter how far along in the process you are, it’s never too late. Even if you’ve prequalified with another lender, Indigo Mortgage can likely still help you save money on your mortgage loan.

One way that we can help veterans and FHA borrowers save money, is by providing lender credits. Lender credits are granted by Indigo Mortgage to help borrowers cover their closing costs. Lender credits can be especially beneficial for borrowers that do not have sufficient funds available for initial closing costs. If the lender you are working with does not offer lender credits, contact us, we can often find a way to provide them and assist you with your closing costs.

Many times, borrowers will come to Indigo Mortgage after prequalifying elsewhere. We are typically able to lower their rate by .5%, or match another lender’s rate and offer lender credits. We encourage all borrowers to shop around, and come to us for help with comparing mortgage options. Indigo Mortgage could help you save thousands of dollars!

Published in Blog
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, 24 January 2017 19:49

KKOB on January 24

It's a new year, and many interested in buying a home are starting to look at options. Ben Lucero of Indigo Mortgage discusses why now is a great time to pre-qualify for a mortgage loan.

Published in Radio
Page 1 of 5

From The Blog

  • Second Opinions on Mortgages +

    When should a borrower shop their mortgage to various lenders? Certainly it’s best to do so as part of the Read More
  • 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 Read More
  • Low VA Rate Mailers +

    Indigo Mortgage is proud to be the top broker in New Mexico for VA Loans. Because we work with so Read More
  • Reverse Mortgages: Keep it Local +

    As the population ages, the mortgage industry is seeing a large increase in reverse mortgages. Many companies advertise their reverse Read More
  • Local Reverse Mortgage Consultation +

    It seems like every time you turn on the TV, you’re bombarded with commercials for reverse mortgages. Famous actors are Read More
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29

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

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

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