In today’s housing market, borrowers are taking advantage of many mortgage types, the most popular being second mortgages. The Indigo Mortgage team is here to explain why second mortgages are currently the most common type of mortgage loan. The housing market just came out of the lowest rates in our history. A majority of homeowners
At Indigo Mortgage in New Mexico, we like to keep our borrowers educated on various topics. One subject that does not come up in common conversation for homeowners is multifamily mortgages. Here are a few facts you should know about multifamily mortgages. Residential Multifamily properties are any residential property that is more than one unit.
When purchasing or even owning a home, it’s important to stay educated when it comes to home mortgage loans. Reverse mortgages, in particular, can be a great asset for senior borrowers, but they have gotten a bad rap recently. The Indigo Mortgage team is here to educate you and set the record straight about reverse
What’s better than buying a home? Having your dream home built for you. In today’s housing market, many borrowers choose to have their homes custom-built. These borrowers are often taking out construction loans to do so. Construction loans can be different than your typical home loan. The team at Indigo Mortgage is here to help
When it comes to owning a home, many factors can affect your mortgage rate, one of which is the Federal Reserve. Indigo Mortgage New Mexico is here to help you understand how the Federal Reserve impacts you and your home mortgage loan. The Federal Reserve system is the central bank of the United States. It
As you know, the housing market can change in the blink of an eye. With it, it changes mortgage rates and loan limits. As of 2023, a new loan limit will be available to borrowers. If you are in the market for a new home, the team at Indigo Mortgage is here to provide you
A home purchase is a huge financial commitment. When it comes to finding the right mortgage lender, it pays to shop around, but what questions should you ask? Indigo Mortgage New Mexico is here with tips on how to shop for your mortgage. At Indigo Mortgage, we always advise borrowers to shop their mortgages. Rates
Homes in New Mexico are selling fast. Home interest rates are significantly higher in the current housing market than in the past. Here’s what you need to know, according to the team at Indigo Mortgage. Today, rates on conventional home loans are in the upper six and low sevens, which is nowhere near the low-interest
Purchasing a home can be a huge undertaking. The current housing market is booming, with homes selling faster than buyers can put in offers. At Indigo Mortgage New Mexico, we urge buyers to shop local when it comes to your home loan; here’s why. The team at Indigo has always encouraged borrowers to shop around
When purchasing a home, the mortgage loan limit and the interest rate helps determine what home you can afford. With the housing market at a steady increase, it’s important to fully understand what is available to you before purchasing a home. Here are a few updates to current loan limits that the Indigo Mortgage New