Purchasing a new home is more involved than it may seem. If you watch television commercials that have people seemingly push a button to finance their home purchase, you should know that obtaining a home mortgage is not that simple. The commercials sound like it’s as easy as buying a pair of shoes online, but
When looking at the current housing market, it’s important to understand what you’re looking at, especially if you are interested in purchasing a home. For Veterans, these details may be a little different. The experts at Indigo Mortgage in Albuquerque are here to help you better understand the current New Mexico VA Rate Survey. Recently,
Home loans can be intimidating, especially for new borrowers. Indigo Mortgage New Mexico is here to explain a key concept to borrowers, churning. Here are a few aspects of churning and how to avoid it when purchasing a home. Lenders make their money from originating mortgage loans and then selling them off. The more loans
For twenty years, Indigo Mortgage has served New Mexico and the Albuquerque metro area. Now that we are coming into a new year, here is a brief history of Indigo Mortgage. Most people don’t know that Ben started Indigo Mortgage in his garage twenty years ago with his wife, brother, and a friend from church.
The housing market has been very competitive this year. Interest rates have increased exponentially, causing borrowers to think twice about proceeding with their mortgage applications. With that being said, many mortgage lenders are offering temporary rate buydowns. The team at Indigo Mortgage is here to explain rate buydowns and how they work. Buydowns have become
In today’s housing market, borrowers are taking advantage of many mortgage types, the most popular being second mortgages. The Indigo Mortgage team is here to explain why second mortgages are currently the most common type of mortgage loan. The housing market just came out of the lowest rates in our history. A majority of homeowners
At Indigo Mortgage in New Mexico, we like to keep our borrowers educated on various topics. One subject that does not come up in common conversation for homeowners is multifamily mortgages. Here are a few facts you should know about multifamily mortgages. Residential Multifamily properties are any residential property that is more than one unit.
When purchasing or even owning a home, it’s important to stay educated when it comes to home mortgage loans. Reverse mortgages, in particular, can be a great asset for senior borrowers, but they have gotten a bad rap recently. The Indigo Mortgage team is here to educate you and set the record straight about reverse
What’s better than buying a home? Having your dream home built for you. In today’s housing market, many borrowers choose to have their homes custom-built. These borrowers are often taking out construction loans to do so. Construction loans can be different than your typical home loan. The team at Indigo Mortgage is here to help
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