Inheriting a home from a parent, grandparent, or other loved one can come with a lot of questions. Along with the emotional side of receiving a family property, there are financial decisions that may need to be made about what happens to the home next. Do you want to keep the property? Does the mortgage

Divorce can bring major financial decisions, and for homeowners, one of the biggest questions is often: What happens to the house and the mortgage? When one spouse plans to remain in the home, dividing the property is not always as simple as deciding who gets the keys. There may be equity to divide, an existing

For many New Mexico home buyers, a real estate contract has provided an alternative way to purchase a home or property without going through the traditional mortgage process. Over the last several years, many buyers have used real estate contracts to get into a property when conventional financing wasn’t the right option at the time.

If your monthly mortgage payment suddenly jumped by $100, $200, or even $300, it can be alarming—especially if your mortgage rate hasn’t changed. Ben Lucero at Indigo Mortgage has been hearing from New Mexico homeowners who are experiencing significant increases in their monthly payments because of changes to their escrow accounts. For many homeowners, the

Artificial intelligence is everywhere these days. From the apps on our phones to customer service, banking, marketing, and financial services, AI is changing how businesses operate and how consumers get information. The mortgage industry is no exception. More lenders, particularly large financial institutions, are incorporating artificial intelligence and automated technology into the mortgage process. These

Reverse mortgages have been around for years, but they remain one of the most misunderstood mortgage products available. Unfortunately, many seniors have heard conflicting information that causes confusion or unnecessary concern. While a reverse mortgage is not the right solution for everyone, it can be an incredibly valuable financial tool when used appropriately. At Indigo

If you’re shopping for a new home while still owning your current one, you’ve probably wondered how to make the transition as smooth as possible. Many homeowners worry about having to sell their existing home before they can buy another, especially in a competitive housing market. Fortunately, there is a financing option that many buyers

For many homebuyers, purchasing an existing home isn’t the only option. More people throughout Albuquerque and New Mexico are deciding to build a home that fits their family’s needs, lifestyle, and future plans. From choosing the perfect floor plan to selecting finishes and features, building a custom home gives you the opportunity to create a

For veterans across Albuquerque, Rio Rancho, and throughout New Mexico, staying informed about changes to veteran benefits and VA loan programs can lead to significant savings. Whether you’re currently a homeowner, thinking about purchasing a home, or considering refinancing, understanding your options is critical. According to local mortgage expert Ben Lucero of Indigo Mortgage, there

Homeowners across Albuquerque, Rio Rancho, and surrounding New Mexico communities are receiving calls from mortgage companies warning them about escrow shortages and suggesting refinancing as the solution. While refinancing can sometimes help homeowners, local mortgage expert Ben Lucero of Indigo Mortgage says many of these calls can be misleading and homeowners should proceed carefully. Recently,