Many homeowners are sitting on significant equity in their homes. While it’s tempting to refinance and cash out for purposes like home improvements, bill consolidation, college tuition, or investments, refinancing may not be the best option—especially if your first mortgage has a low interest rate. A second mortgage could be the ideal solution. With a
As mortgage rates start to decline, many borrowers naturally aim for the lowest rate possible when refinancing. While this instinct makes sense, it’s crucial to look beyond just the rate. Focusing solely on securing the lowest rate without considering the costs involved can lead to costly mistakes. At Indigo Mortgage, we advise borrowers to take
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
Why Are Second Mortgages the Most Popular Mortgages in Today’s Market? As mortgage rates have doubled from historic lows, second mortgages have become the go-to option for homeowners looking to access their equity. Over the past few years, many homeowners locked in exceptionally low rates during the refinancing boom. At the same time, rising property
As mortgage interest rates begin to dip, more homeowners and potential buyers are eager to take advantage of favorable rates. However, borrowers must choose their mortgage lender carefully to truly benefit. Opting for a local mortgage broker instead of a national lender can save borrowers from hidden fees and ensure a smoother, more personalized experience.
Many prospective home buyers or people wanting to refinance may have never done a mortgage application before or it’s been some time since they did an application. And because of today’s higher mortgage interest rates and uncertainty, borrowers can be uneasy about applying for a mortgage. In an age of electronics and computers, it’s becoming
If you’re in the market for a new home loan or to refinance, it’s important to distinguish between a mortgage lender and a mortgage broker. Loan officers at a mortgage broker (like Indigo Mortgage) actually work for the borrower, while loan officers from a mortgage lender represent the bank. If you’re applying for a mortgage
Today, mortgage brokers make up 25% of the mortgage market, an all time high. The other option for a home loan is using a mortgage lending division attached to a bank or offered through a home builder. Mortgage brokers are adept at helping all types of borrowers for home mortgages. Because mortgage brokers have access
Indigo Mortgage is pleased to announce our great new home loan program called Indigo Bright Start. Our Bright Start program offers a 1st and 2nd mortgage that allows the home buyer 100% financing with no money down and in some cases even helps with closing costs. The 1st mortgage is an FHA loan and the
Exciting news for New Mexico residents! Indigo Mortgage is thrilled to offer exclusive VA streamlined refinance rates, starting as low as 5.49%-5.75%. Our largest lender has authorized these rates for eligible veterans, providing a 30-year fixed rate with a minimum credit score requirement of 640 and a loan amount of at least $200,000. This special