When you’re in the market for a new mortgage or to refinance your loan, or even if you’re about to purchase a new vehicle, there’s something important you should know: The instant that a mortgage broker or any lender pulls your credit as part of that application process, the major credit reporting bureaus (Experian, TransUnion,
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
Recently our biggest wholesale lender, United Wholesale Mortgage (UWM), announced that they are allowing Indigo Mortgage to offer a 1% down payment for mortgages for first-time home buyers. This is a huge win if you’re looking to purchase your first home in Albuquerque, Rio Rancho, or across New Mexico! The program requires a 3% down
In today’s housing market, home interest rates are steadily rising. Due to the increased interest rates, some homeowners may choose adjustable-rate mortgages (ARMs) over traditional fixed-rate mortgages. The experts at Indigo Mortgage in New Mexico can help you better understand which home mortgage type is best for you. An adjustable-rate mortgage (ARM) is when the
Purchasing a home is a huge investment, but does that mean it should come with fees? Unfortunately, Borrowers can often be charged unnecessary fees. There are many lenders out there that will charge borrowers upfront application fees. Here’s why you should wait before paying them. As you know, many lenders may charge upfront application fees
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
Today in early 2021, the real estate market is hard to navigate if you are a home buyer. It’s a sellers’ market with increasing prices and a limited inventory of homes, plus with mortgage rates at historic lows, a lot more buyers are in the market to buy a home. That all means more stress
There are several steps in the actual mortgage process, as a home loan moves from application to funding. At Indigo Mortgage, we have developed a system to streamline that process and keep your mortgage moving quickly. To do that, we have created three departments: origination, set up, and processing. Indigo Mortgage is a mortgage broker,
In 2020, even during a global pandemic, the real estate market is very competitive and with mortgage rates at historic lows, many people are making offers on homes. We are in a time when it’s a “seller’s market”, as the number of homes on the market is fairly small. One way to set your offer
The real estate market is very competitive and with mortgage rates at historic lows many people are out there making offers on homes. One way to set your offer apart is to accompany your offer to the seller with a Pre-approval vs just a pre-qualification. This gives the seller confidence the loan is solid and