As homeowners know, their home values have gone up exponentially in the last few years, all across Albuquerque’s metro and the rest of the New Mexico too. Many homeowners are sitting on a lot of equity and they would like to tap into that equity for cash out for a many reasons, like home improvement,
Many borrowers who are having a home built, either with a New Mexico custom builder or even with one of the national builders, are waiting for their home to be completed before they can lock in a permanent interest rate. They are at the mercy of the mortgage rates of the future. And with the
In today’s real estate market, there are more homebuyers than there are sellers, which makes it tough on buyers to separate themselves from all the other perspective buyers. Being prepared to make an offer on a home should start way before you even call a realtor. Our suggestion is to call Indigo Mortgage early in
In today’s real estate market with very limited homes for sale, many New Mexico borrowers are choosing to build a home and take out a construction loan to do so. Many homebuyers aren’t familiar with construction loans so let’s look at them today. Indigo Mortgage has been offering construction loans since our inception in 2003
The rising Mortgage interests rates we’re seeing in mid-2022 mean that its more important now than ever for Veterans to shop their mortgage around to get the best VA Mortgage. There are still some bad actors out there taking advantage of veterans and charging high interest rates and very high fees. As we’ve mentioned recently,
In today’s tight housing market, homeowners who are looking for a larger home or an updated home may find Rehab Mortgage Loans a better solution than selling their current home and purchasing a new home. A rehab loan lets you bundle your current mortgage with the home improvement cost rolled into one loan. Rehab mortgage
With today’s changing conditions in the mortgage market, we strongly believe that mortgage brokers are a borrower’s best choice to get the best interest rate and the best deal for their home purchase or refinance. Mortgage brokers are lenders who are working for the borrower, 100% of the time. We aren’t tied to one company’s
Over the last year and a half, appraisals to determine a property’s value have been a hot commodity. With the demand for housing and a hot real estate market in New Mexico, getting an appraisal order back has been nightmare for many borrowers. Appraisers are running at full steam but there are too few appraisers
You’ve heard the old saying about a wolf in sheep’s clothing? That’s how we feel about predatory lending and the companies that don’t ethically take care of home buyer’s mortgage applications. We might sound like a broken record but we want to advise borrowers to be very wary of the big national lender predator, the
The inside scoop from Ben Lucero at Indigo Mortgage: I was listening to a radio ad the other day and the lender was saying that they offer a “no closing cost mortgage”, that the lender would pay all the closing costs for the borrower. This is actually a scam. I say that because I had