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
In today’s housing market, owning a second residence is not uncommon. Before purchasing a second home, it’s important to know the difference between a second home and an investment property. Although they may seem the same, they are not. A second home is exactly that, a second home. A second home is a residence where
With today’s changing conditions in the mortgage market, we strongly believe that mortgage brokers are a borrower’s best choice to get the best interest rate and the best deal for their home purchase or refinance. Mortgage brokers are lenders who are working for the borrower, 100% of the time. We aren’t tied to one company’s
In today’s mortgage market, borrowers see ads about how rocket-fast it is to apply for a mortgage. They’re lulled into thinking a mortgage is as quick as pushing a few buttons on a computer or smartphone, or talking to a person many miles away on the telephone. In either of these scenarios, the online mortgage