When purchasing a home, it’s very important to take the interest rate of the home loan into consideration. A lower interest rate can end up saving you a large amount of money in the long run.
At Indigo Mortgage, we make it our goal to educate the borrower as much as possible as well as find them the best rate available. As of February 2020, home mortgage interest rates are at an all-time low in New Mexico. This provides a great opportunity for those looking to purchase a home as well as refinance their existing home loan. The market is currently a sellers’ market, which means it’s nearly impossible for buyers to negotiate a lower price. This makes low-interest rates even more beneficial, as they provide the buyer with reassurance that if they put in a higher offer, the low-interest rate will offset that offer. This gives the buyer more confidence in putting in a strong offer. Although interest rates are at an all-time low, it’s important to be prepared when purchasing a home. We suggest all potential homeowners get pre-qualified as well as shop around when it comes to your mortgage. Shopping local is always a great idea as well!
There’s no better time than now for low-interest rates. When you’re ready to take the leap and purchase a home, reach out to the experts at Indigo Mortgage New Mexico. We will be there for you every step of the way!