Many homes across New Mexico have installed solar panels on the roof or around the home to take advantage of our abundant sunshine. However, homeowners may not realize the impact solar panels will have when they want to sell the property or refinance their mortgage. If the solar equipment is still financed or is leased
Many homeowners are taking advantage of mortgage rates that are currently at all-time lows and refinancing their home loan to an even lower interest rate. That is bringing about a new fee that lenders will be adding when a conventional loan is refinanced, as of Oct. 1, 2020. Throughout 2019 and into the 1st quarter
At Indigo Mortgage, we get calls every day from New Mexico homebuyers or homeowners, asking “What’s your best interest rate?” We tell them it’s impossible to accurately answer that until we know some information from you first. When you’re ready to make an inquiry about a refi on your home loan, have your most recent
If you’re in the market for a mortgage or a refi, you’ve likely noticed that mortgage interest rates have declined to the lowest point in history. That’s created more demand on lenders, since there are way more borrowers looking for help. Because of this, you’re likely seeing many ads from the large national mortgage companies
Now, in September 2020, mortgage rates are about the lowest in history. Because of that, mortgage lenders have been hit with a deluge of new applications which is causing strains across the industry. That means it’s taking longer to get appraisals, underwriting turn times have been extended, and getting the loan to closing is taking
Mortgage interest rates have declined to the lowest in history but there are still some challenges out there for people buying or refinancing a home. The first affects home owners who took advantage of a forbearance, which is when your lender has allowed you to temporarily pause or pay less than your monthly mortgage payment.
As the country moved to reduce the spread of coronavirus by shutting down non-essential businesses, millions lost jobs — and without income, many homeowners are concerned about their ability to pay their mortgage. In fact, in Bankrate’s latest survey, 54 percent of borrowers expressed concern about making payments. Meanwhile, those still able to pay their
There are a lot of words here. If you have a mortgage you might ever refinance (and especially if you think Sunday’s emergency Fed news means you can now get a lower rate), read every last one of them. Background: Fed’s Emergency Rate Cut and QE It’s extremely important for the sound functioning of the mortgage
Interest rates are falling again, and many Albuquerque homeowners are now deciding on what they should do with the equity they’ve gained in their homes. Some homeowners are considering using that equity for home improvement projects, bill consolidation or for a college education. Whatever their needs may be, homeowners are looking to tap into that
When it comes to shopping for a mortgage, buyers have more options now than ever! This is great for buyers, because it means they have the opportunity to find the lowest rates and best terms, but it also means a lot of searching. To complicate matters even further, for every legitimate broker or lender, there