Veterans and VA borrowers often trust lenders to provide fair mortgage terms, but not all lenders operate with the borrower’s best interests at heart. At Indigo Mortgage, we’ve seen countless cases where borrowers unknowingly accept higher rates and fees—only to find out later they could have gotten a much better deal elsewhere. That’s why we encourage VA borrowers to shop around and avoid rewarding lenders who only offer fair terms after being caught giving a bad deal.
The Importance of Shopping Around
In today’s mortgage market, VA borrowers are finding it more important than ever to compare offers. Some lenders may advertise themselves as experts in VA loans or appeal to veterans with patriotic branding, but this doesn’t always translate to better loan terms.
Veterans often call Indigo Mortgage to compare offers, especially after dealing with well-known VA lenders. When this happens, we don’t ask to see the competing lender’s offer first. Instead, we send the borrower our best offer upfront. By doing this, borrowers can compare offers without bias, and the results speak for themselves: 100% of the time in recent cases, our offers have been significantly better.
Why You Shouldn’t Reward Lenders for Bad Practices
One troubling trend we’ve noticed is how some lenders respond when borrowers try to cancel their loan after finding a better deal. These lenders often ask to see our offer so they can match it. While this may sound like a win for the borrower, it reveals a larger problem.
If the borrower hadn’t shopped around, these lenders would have let them close with higher rates and unnecessary fees. This means they were willing to take advantage of the borrower’s trust until they were forced to compete. At Indigo Mortgage, we believe borrowers shouldn’t reward this behavior.
By allowing these lenders to match a better offer, borrowers inadvertently encourage them to continue their unfair practices. Instead of being upfront with competitive rates and fees, these lenders only adjust their terms when they’re caught. We urge borrowers to cancel their loans with these lenders outright and work with companies that prioritize their needs from the start.
Advocating for Veterans
As a veteran-owned business, Indigo Mortgage is committed to serving those who have served our country. We believe in providing honest, transparent, and competitive loan terms to all borrowers, especially VA borrowers. By shopping around and comparing offers, you not only protect yourself from bad deals but also support businesses that genuinely care about your financial well-being.
If you’re a VA borrower, don’t hesitate to call Indigo Mortgage. Let us provide you with a fair and competitive offer that respects your service and supports your financial goals.