Buying a home from a relative or inheriting a property can be a complex process, but working with a local mortgage lender like Indigo Mortgage can make all the difference. Unlike national or out-of-state lenders, a local lender understands the unique challenges that come with these transactions and will take the necessary time to guide
The mortgage industry is changing, and not always for the better. According to a recent J.D. Power survey, overall satisfaction with mortgage lenders saw a significant decline in 2024. The primary reason? An over-reliance on digital tools and virtual processes that leave borrowers feeling disconnected and unsupported during one of the biggest financial decisions of
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 homeowners are sitting on significant equity in their homes. While it’s tempting to refinance and cash out for purposes like home improvements, bill consolidation, college tuition, or investments, refinancing may not be the best option—especially if your first mortgage has a low interest rate. A second mortgage could be the ideal solution. With a
Mortgage interest rates are dropping and many people want to start the process to refinance into a lower rate but how do they know when it’s time? What if they start the process, then the rates drop more? This question will come up a lot over the next year or so as the interest rates
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
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