Thinking About Refinancing Your VA Loan? Read This First! Hey Veterans, Ben Lucero owner of Indigo Mortgage here in Albuquerque. Are you drowning in VA loan refinance offers from emails, phone calls, and mailers? It can feel overwhelming, and let’s be real—some of these offers sound too good to be true. That’s because they often
In the mortgage lending process, one of the most frustrating experiences for borrowers is dealing with the extensive documentation required by underwriters. Among the most common and challenging requests is the need to prove the source of funds for down payments and closing costs. This may seem like an unnecessary hassle, but it plays 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
Indigo Mortgage recently launched a great new program for home buyers called Indigo Lightning. Indigo Lightning will issue a pre-approval on a buyer’s home loan application within 24 hours in most cases. A pre-approval carries much more weight than just a pre-qualification. A pre-approval lets the seller know that the buyer’s application has been approved
In its latest requirement update for 2023, the VA has made significant changes regarding jumbo loans for eligible veterans. One notable change is the elimination of the need for down payments. Now, regardless of price, veterans can purchase a home without any down payment. This rule only applies if no other VA loans are active
Mortgage brokers offer benefits to those buying or refinancing a home. A mortgage broker is not tied to one lender so they are able to work on the side of the borrower, not the company that employs them. All other lenders, the loan officers, and processors work for the bank or the lender, not the
Finding the right mortgage lender is half the battle of purchasing a home. At Indigo Mortgage New Mexico, we take home purchases and home loans very seriously. Our experts are here to explain the difference between local and online mortgage lenders. Why not stay local if a local mortgage broker can offer what an online
Purchasing a home can be complicated, especially in today’s market, but it doesn’t have to be. The Indigo Mortgage New Mexico team is here to tell you why you should shop locally for a mortgage lender when purchasing your next home. In the mortgage market, not all loan transactions are simple purchases or refinances. In
Every day, we get borrowers who call and say they have seen ads with mortgage interest rates to purchase or refi their home as low as 1.75%. They want to know if we can offer them that kind of low rate. Our response is that we can offer any rate they want, but it’s a
As we are seeing home mortgages and refinances at all-time highs, don’t be too quick to accept an offer from a national mortgage lender, without reading the small print. Most recently National lenders are attempting new tactics to entice homeowners with low rates and nearly impossible requirements to qualify. Not long ago a borrower came