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Tuesday, 15 January 2019 20:58

KKOB - January 15th, 2019

<>Ben Lucero discusses the many recent changes, and those coming in the near future, for the mortgage industry.
Published in Radio
Tuesday, 27 December 2016 22:43

An Informed Decision Can Save You Thousands!

The Consumer Financial Protection Bureau, the government entity responsible for ensuring that banks, lenders and other financial institutions treat consumers fairly, found that only 50% of borrowers bother to thoroughly research their loan options when looking for a mortgage. This means that 50% of borrowers never even considered any other offers – they purchased from the first lender they called!

Richard Cordray, Director of the Consumer Financial Protection Bureau, stated that “consumers put great thought into the choice of a home, but the mortgage process continues to be intimidating. Shopping for a loan” he says, “can translate into big dollars saved in the long run.”

Indigo Mortgage strongly encourages borrowers to shop around before making a mortgage loan purchase. Rates can vary by as much ½ of a percent from one lender to another, and even at the same rate, closing costs can vary by several thousands of dollars! An educated borrower can, however, save thousands of dollars just by doing the research and selecting the best deal.

The easiest way to compare a loan is to compare the lender fees on any given rate. Indigo Mortgage is happy to educate borrowers on what to look for when shopping for a loan. Borrowers can always call us and we will show them the most important elements of loan proposals!

Published in Blog

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