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Friday, 22 April 2016 20:03

KKOB on April 19

Purchasing a New Home

Published in Radio
Monday, 11 April 2016 21:44

Mortgage Needs List 2016

Whether you are buying or refinancing a home, mortgage lenders always require paperwork to verify every aspect of your finances, for example, any debts, income, assets, etc...

Published in Blog
Thursday, 17 March 2016 20:37

KKOB on March 15th

The Reverse Mortgage: Exciting Options for Seniors

Published in Radio
Tuesday, 05 November 2013 00:00

KKOB on November 5

On a purchase transaction, it’s important to understand that all mortgage closing costs are the responsibility of the buyer.

Published in Radio
Thursday, 15 August 2013 16:32

Veteran Purchase Loans

Today we are going to revisit the subject of VA or Veterans’ purchase loans and the great opportunity these low rates are affording Veterans.

Indigo Mortgage has been able to lock several VA purchase loans, where most or ALL of the closing costs are being paid for by the lender and the seller. It works like this: at some point interest rates start generating a credit and the higher the interest rate the higher the credit. Recently, a rate of 4.25% has actually generated enough of a credit that it covered all of the Veteran’s closing costs. This means that the Veterans put zero down, pay zero closing costs, and in some instances the Veteran is even getting their earnest money back.

Most lenders today keep these credits and do not roll them to the borrower but as a mortgage broker we can, and do, pass those credits on to the borrower. This is why it is so important for a Veteran to shop that purchase loan around as it can save them thousands at closing.

Remember although the VA guarantees the mortgage, the lenders decide what rate they want to offer.

These credits apply to all VA mortgage loans; even for streamlines and cash-out refinances, the credits still apply. The Veteran just needs to call Indigo Mortgage and we can do a mortgage evaluation or a pre-qualification and see if we can save the Veteran some money with this credit.

Published in Blog

From The Blog

  • Reverse Mortgage and What Seniors Should Expect +

    Indigo Mortgage has learned that seniors in Albuquerque either have an idea of what a reverse mortgage is and have Read More
  • The Pre-Qualification Process and Why It's Important to Stay Local +

    Preapproval is necessary for the home-buying process. In fact, it’s so necessary that realtors in Albuquerque are hesitant to show Read More
  • Full-Refinance or Taking Out a Second Mortgage Equity Loan? +

    Interest rates are falling again, and many Albuquerque homeowners are now deciding on what they should do with the equity Read More
  • New Mortgage Rate Updates +

    Homeowners in Albuquerque who are looking to refinance have some good news as interest rates over the last few weeks Read More
  • 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 Read More
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