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Tuesday, 24 July 2018 21:11

Lock and Shop

Ensuring a low interest rate is crucial when purchasing a home. Indigo Mortgage is now offering a new purchase loan option to our borrowers. If you are thinking about buying a home, learn more about our Lock & Shop option, only at Indigo Mortgage. We are here to make the purchasing process easy!

What exactly is Lock & Shop? Lock and Shop gives borrowers the option to lock in their interest rate while they are still shopping for a home. With mortgage rates on the rise, we give our borrowers peace of mind with rate security. The process is easy and provides the borrower with a secured rate for 90 days. First, we lock the loan on a to be determined property. Once this has been completed, we submit the loan, and get a full approval. After the approval has been received, we simply wait for the borrower to find a property. Once the property has been established, we put in the new address and order the appraisal.

No matter your situation, this loan option allows for a quick and timely close. Call or visit us today for more information. Don’t wait to get your low interest rate locked in!

Published in Blog