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Our company president, Ben Lucero, loves to share stories when our customers shop for a mortgage. Last week, a realtor called Indigo Mortgage and said one of her clients was quoted an interest rate of 5.75% on a Federal Housing Administration purchase loan. She thought that was way too high…
Indigo Mortgage has learned that seniors in Albuquerque either have an idea of what a reverse mortgage is and have some basic questions, or they have no idea what a reverse mortgage is and have many, many questions! Most seniors are skeptical about calling or engaging with a lender. Seniors…
Preapproval is necessary for the home-buying process. In fact, it’s so necessary that realtors in Albuquerque are hesitant to show a home to a potential home-buyer unless the borrower has already been pre-approved for a mortgage. Similarly, the pre-approval is involved in a mortgage application. You will provide detailed information…
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…
Thursday Apr 18, 2019

New Mortgage Rate Updates

Homeowners in Albuquerque who are looking to refinance have some good news as interest rates over the last few weeks have turned for the better! Unfortunately, large national and internet lenders have been offering borrowers rates that may get them what seems to be a lower payment, but also include…
Tuesday Oct 9, 2018

First Time Home Buyer Loans

Many mortgage lenders make offers for first-time home owner loan programs or first responder programs. However, they embellish what those mortgage loans really are. For example, one mortgage lender promotes that nurses, first responders or veterans can get loans with zero fees. The reality is, the lender charges a higher…
Tuesday Oct 9, 2018

Rising Interest Rate Dangers

Residents of Albuquerque understand that mortgage rates are on the rise, which will affect those with adjustable rate mortgages as well as those just beginning the home buying process and don’t have financing secured. The dangers that higher interest rates present, affect Home Equity Line of Credit (HELOC) and high…
Tuesday Oct 9, 2018

Lock Your Interest Rate

Albuquerque’s Mortgage Rates are on the rise and this worries borrowers who are shopping for a home. Indigo Mortgage has a new loan product called Lock and Shop. Lock and Shop allows borrowers to purchase a home with the opportunity to lock in today’s mortgage rates before they even find…
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