Purchasing a home is a huge financial commitment. When it comes to finding the right mortgage lender, it pays to shop around. Some buyers are unaware of what’s going on in the current housing market.

The number of mortgage loan applications has significantly dropped for lenders in the past few weeks. This means lenders are chasing profits, as they are not receiving as much business. Many national and some regional mortgage lenders are increasing interest rates and fees for the borrower. In the past few weeks, the team at Indigo Mortgage has received many calls from borrowers in New Mexico wanting to compare mortgage rates. In most cases, our rate came in one quarter to one-half percent lower than that of the national and regional lenders. Another benefit is that Indigo Mortgage typically closes these home mortgages within thirty days. These are important things to look out for when purchasing a home.

When it comes to a large purchase, it is always important to shop around to find the best deal for you and your family. It’s a great idea to shop local. At Indigo Mortgage in Albuquerque, you and your future are always in good hands.