When it comes to owning a home, many factors can affect your mortgage rate, one of which is the Federal Reserve. Indigo Mortgage New Mexico is here to help you understand how the Federal Reserve impacts you and your home mortgage loan. The Federal Reserve system is the central bank of the United States. It
As you know, the housing market can change in the blink of an eye. With it, it changes mortgage rates and loan limits. As of 2023, a new loan limit will be available to borrowers. If you are in the market for a new home, the team at Indigo Mortgage is here to provide you
A home purchase is a huge financial commitment. When it comes to finding the right mortgage lender, it pays to shop around, but what questions should you ask? Indigo Mortgage New Mexico is here with tips on how to shop for your mortgage. At Indigo Mortgage, we always advise borrowers to shop their mortgages. Rates
Homes in New Mexico are selling fast. Home interest rates are significantly higher in the current housing market than in the past. Here’s what you need to know, according to the team at Indigo Mortgage. Today, rates on conventional home loans are in the upper six and low sevens, which is nowhere near the low-interest
Purchasing a home can be a huge undertaking. The current housing market is booming, with homes selling faster than buyers can put in offers. At Indigo Mortgage New Mexico, we urge buyers to shop local when it comes to your home loan; here’s why. The team at Indigo has always encouraged borrowers to shop around
When purchasing a home, the mortgage loan limit and the interest rate helps determine what home you can afford. With the housing market at a steady increase, it’s important to fully understand what is available to you before purchasing a home. Here are a few updates to current loan limits that the Indigo Mortgage New
In today’s housing market, home interest rates are steadily rising. Due to the increased interest rates, some homeowners may choose adjustable-rate mortgages (ARMs) over traditional fixed-rate mortgages. The experts at Indigo Mortgage in New Mexico can help you better understand which home mortgage type is best for you. An adjustable-rate mortgage (ARM) is when the
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
Purchasing a home is a huge investment, but does that mean it should come with fees? Unfortunately, Borrowers can often be charged unnecessary fees. There are many lenders out there that will charge borrowers upfront application fees. Here’s why you should wait before paying them. As you know, many lenders may charge upfront application fees
We specialize in VA loans in New Mexico. At Indigo Mortgage, we recently discovered some interesting information about VA rates and closing costs. A recent national survey compared VA interest rates and closing costs nationwide. This survey analyzed the top ten VA lenders nationally and compared them to smaller local VA lenders such as Indigo