Preapproval is necessary for the home-buying process. In fact, it’s so necessary that realtors in Albuquerque are hesitant to show a home to a potential home-buyer unless the borrower has already been pre-approved for a mortgage. Similarly, the pre-approval is involved in a mortgage application. You will provide detailed information on your application about your
Indigo Mortgage has learned that seniors in Albuquerque either have an idea of what a reverse mortgage is and have some basic questions, or they have no idea what a reverse mortgage is and have many, many questions! Most seniors are skeptical about calling or engaging with a lender. Seniors don’t want to be harassed
Many mortgage lenders make offers for first-time home owner loan programs or first responder programs. However, they embellish what those mortgage loans really are. For example, one mortgage lender promotes that nurses, first responders or veterans can get loans with zero fees. The reality is, the lender charges a higher interest rate to compensate for
Our company president, Ben Lucero, loves to share stories when our customers shop for a mortgage. Last week, a realtor called Indigo Mortgage and said one of her clients was quoted an interest rate of 5.75% on a Federal Housing Administration purchase loan. She thought that was way too high and we suggested her client
Finding and getting a mortgage is a lengthy process. Many national institutional lenders promote their fast pre-qualifications and ease of use, but do they really make the process easier? Getting a mortgage isn’t like buying a pair of shoes online, it’s not a quick, one-time interaction. You will inevitably need to communicate with your lender, realtor, seller,
Building your own home instead of buying an existing home, allows homeowners a lot of flexibility. Building allows homeowners to live in a home that’s custom to their lifestyle, preferences and needs. However, if it’s your first time building a home, you may have some questions about financing. At Indigo Mortgage, we have been helping