Even the team at Indigo Mortgage in Albuquerque gets mortgage offers in the mail—and some of them are borderline unethical. Here’s a recent example: our company owner, Ben Lucero received a letter in the mail from a lender he’d never heard of. They offered a 1.75% interest rate and the direct mail piece said he

When purchasing a home, there are many rules and requirements a borrower must follow. Previously, we touched on the source of funds and laws that are designed to prohibit money laundering. Let’s expand on how lenders verify the funds in bank accounts and investment accounts. When funds to close a home loan are required, mortgage

When you’re getting ready to purchase a home and need funds for the down payment and closing costs, it’s important that borrowers follow the rules in mortgage lending. One important factor is the source of funds. Where did the funds for closing come from? Source of funds falls under the Federal anti-money laundering law. In

As consumers know, the feds are determined to raise interest rates beginning in March 2022 and have announced at least three more increases during 2022, in an effort to slow inflation. Mortgage rates are not directly tied to the feds raising interest rates and home loan rates look like they’ll settle somewhere in the low

By now, people have heard that the Feds are raising interest rates throughout the rest of the year to address rising inflation, and mortgage rates have already begun to increase from their all-time lows. However, we want people to realize that the ship has not sailed yet. Mortgage interest rates are still very low and

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It’s just become harder to get a mortgage on a second home. First, let’s define a second home or a vacation property versus an investment property. An investment property is purchased to rent out and not used as a permanent residence. A second home or vacation property is not a permanent residence but it also

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5501 Eagle Rock Ave NE, Bldg B
Albuquerque, NM 87113
Call: 505-836-5700
Fax 505-212-0633

NMLS #188348
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