Since mortgage rates are still at or near historically low rates, New Mexico’s homeowners always look for the lowest rate they can find on a new mortgage or a refinance. We caution to be careful that you don’t make the low rate your idol. Exactly, what does that mean? It means that you can make
While mortgage rates have come up a bit from recent record low rates, they are still hovering in what is a historically low interest rate range. A question we frequently hear is “When are mortgage rates going up again?”. In 2020, we shared that the experts predicted interest rates would go up around the month
Today in early 2021, the real estate market is hard to navigate if you are a home buyer. It’s a sellers’ market with increasing prices and a limited inventory of homes, plus with mortgage rates at historic lows, a lot more buyers are in the market to buy a home. That all means more stress
As veterans already know, VA mortgage interest rates are the lowest in history. Veterans know this because they are bombarded by internet ads, direct mail, and their own current mortgage company calling them daily about refinancing. Here are some simple guidelines. A veteran is eligible for a “streamline” interest rate reduction refinance loan (IRRRL), if
If you’re purchasing a home or property in New Mexico, or your are refinancing your current home loan, you already know that interest rates are the lowest in history. This is a great time for homeowners and new home buyers to lock in these low mortgage rates, and save thousands of dollars in interest over
There are several steps in the actual mortgage process, as a home loan moves from application to funding. At Indigo Mortgage, we have developed a system to streamline that process and keep your mortgage moving quickly. To do that, we have created three departments: origination, set up, and processing. Indigo Mortgage is a mortgage broker,
As consumers know, mortgage interest rates continue to be at the lowest levels in history. This has given many New Mexico home owners and potential home owners the incentive to take advantage of these low rates. Because there are so many loan applications in the pipeline, all lenders are experiencing a major back log. Borrowers
At Indigo Mortgage, we often get calls from New Mexico home owners who are considering a refinance but they wanted to get some advice on whether it’s the right thing to do. We don’t take those requests lightly as these are real people trying to make serious decisions for themselves and their families. Here are
With so many New Mexico veterans taking advantage of the Veterans Administration loans to purchase homes, there is some mis-information about what exactly the “zero down” VA loan means. The VA purchase loan indeed offers the veteran a zero down payment, meaning the VA will allow financing of 100% of the property’s purchase price. But
Indigo Mortgage’s owner, Ben Lucero, shares some recent success stories for VA home loans in New Mexico! “Recently, I had a veteran call me and say he got an offer from his local credit union on a VA streamline loan, but he was really disappointed in the rate they offered and the amount of closing