As you know, due to COVID-19, New Mexico has now enforced a shelter in place. Indigo Mortgage New Mexico is considered an essential business under this ruling, which has allowed us to continue to serve the people of New Mexico. When the shelter in place was initially issued, we weren’t sure it would apply to
Everything going on in the world has had a huge impact on the stock market as well as home mortgage rates, especially in New Mexico. Below is our take on what’s going on and how we can help. The federal government recently dropped the federal interest rate to zero percent, however, it’s not what most people think. When
With all that’s going on today in the world, Covid-19 is at the forefront of many of our thoughts. It’s important during uncertain times like these to remain positive and look on the bright side of things. At Indigo New Mexico, we know that God still loves us, our families, and is giving us an
Over the last week here in mid-March 2020, there have been dramatic swings in the stock market as well as with mortgage interest rates. With that being said, it can be confusing when it comes to the decision to refinance or not. The experts at Indigo Mortgage New Mexico are here to help. A week
At Indigo Mortgage New Mexico, we consider ourselves true mortgage brokers. What does this mean exactly? Below we will explain the key differences between a broker and other types of mortgage companies. There are 2 types of mortgage companies, mortgage brokers, and the “other guys”. We say this because the mortgage brokers are the ones
When purchasing a home, it’s very important to take the interest rate of the home loan into consideration, however, there are also other things to consider when looking for a mortgage. As of March 2020, mortgage interest rates are at a historic low in New Mexico. It is also a seller’s market. These two things
Now that interest rates are at a historic low, many homeowners are taking advantage of special programs available to them. These include VA Streamline Loans for Veterans. Many Veterans are currently taking advantage of the VA Streamline loan. It’s important to do your research when it comes to these types of loans, especially when it
We all know how stressful purchasing a home can be. It’s important to have a brief knowledge of what you are getting in to before diving deep into the real estate market. Here’s the difference between pre-approval and pre-qualification, and how they affect you as a buyer. Today’s real estate market is a seller’s market,
When purchasing a home, it’s very important to take the interest rate of the home loan into consideration. A lower interest rate can end up saving you a large amount of money in the long run. At Indigo Mortgage, we make it our goal to educate the borrower as much as possible as well as
VA mortgage loans have made dramatic changes over the last few months. Here’s a general outline of the VA program and the most recent changes that have occurred. The VA has increased their funding fee requirements. The funding fee for a first-time use VA loan will increase from 2.15% to 2.3%. For subsequent use VA