Recently we have been talking about some of those big internet lenders like that one that should be called Veterans Divided, and another, the Pocket sounding lender. These large national mortgage lenders aren’t the best option for many homebuyers. Here are a couple of examples, what we think shows the proof is in the pudding
When trying to qualify for a mortgage loan, some self-employed borrowers can show great cash flow in their business, but do not show enough income on tax returns to qualify for a mortgage. And most mortgage lenders use those tax returns as the vital part of the qualification process. Indigo Mortgage has a great program
Many prospective home buyers or people wanting to refinance may have never done a mortgage application before or it’s been some time since they did an application. And because of today’s higher mortgage interest rates and uncertainty, borrowers can be uneasy about applying for a mortgage. In an age of electronics and computers, it’s becoming
Since early in 2023, we’ve seen higher interest rates for mortgages, across New Mexico and the United States. Rates reached over 7.50%, a dramatic growth from the 2.50% rate we saw in 2020. Now as we approach the summer of 2024, in the short term, high interest rates are persisting but most experts believe that
If you’re in the market for a new home loan or to refinance, it’s important to distinguish between a mortgage lender and a mortgage broker. Loan officers at a mortgage broker (like Indigo Mortgage) actually work for the borrower, while loan officers from a mortgage lender represent the bank. If you’re applying for a mortgage
When preparing to buy a home that will have a mortgage, borrowers are required to come up with a down payment and closing costs. That money can come from different sources. The first is the borrowers have saved the money and have it already in a checking or savings account. The next way is that
Today, mortgage brokers make up 25% of the mortgage market, an all time high. The other option for a home loan is using a mortgage lending division attached to a bank or offered through a home builder. Mortgage brokers are adept at helping all types of borrowers for home mortgages. Because mortgage brokers have access
Indigo Mortgage is pleased to announce our great new home loan program called Indigo Bright Start. Our Bright Start program offers a 1st and 2nd mortgage that allows the home buyer 100% financing with no money down and in some cases even helps with closing costs. The 1st mortgage is an FHA loan and the
Veterans are starting to get hammered by mortgage lenders all over the country, trying to get the veterans to do a VA streamline refinance. Because mortgage interest rates are starting to come down to the low 5% range for VA streamline refinances, every veteran with a home loan above 6% is getting inundated with offers
Exciting news for New Mexico residents! Indigo Mortgage is thrilled to offer exclusive VA streamlined refinance rates, starting as low as 5.49%-5.75%. Our largest lender has authorized these rates for eligible veterans, providing a 30-year fixed rate with a minimum credit score requirement of 640 and a loan amount of at least $200,000. This special