Thinking About Refinancing Your VA Loan? Read This First! Hey Veterans, Ben Lucero owner of Indigo Mortgage here in Albuquerque. Are you drowning in VA loan refinance offers from emails, phone calls, and mailers? It can feel overwhelming, and let’s be real—some of these offers sound too good to be true. That’s because they often
A recent independent national survey sheds light on VA loan interest rates and closing costs, revealing surprising differences between national lenders and smaller, local lenders. For veterans, these findings underscore the importance of shopping around, particularly with local mortgage brokers, to avoid paying more than necessary. Here’s what veterans should know based on this insightful
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.
For veterans seeking a home loan, a VA mortgage offers a range of benefits and flexibility that make homeownership more accessible. At Indigo Mortgage, we’re dedicated to helping veterans take full advantage of the great opportunities provided by VA loans. Here’s a look at the options available, including recent updates, that make VA loans even
The Value of Reverse Mortgages Reverse mortgages can be a beneficial financial product for many seniors, providing them with additional income during retirement. However, a national consumer advocacy group has recently issued a warning for borrowers to proceed with caution when dealing with reverse mortgage lenders. Many are not receiving the full truth about these
Understanding Trigger Leads Trigger leads are a controversial practice in the mortgage industry, often referred to as “bottom feeders.” When lenders like Indigo Mortgage pull a credit report for a prospective borrower, credit bureaus immediately sell that borrower’s information to third-party lenders. This results in an overwhelming influx of calls, emails, and texts from these
Mortgage interest rates have recently dropped to their lowest levels in over a year, which should be sparking a surge in home buying activity. However, the housing market remains surprisingly sluggish. This unexpected trend has left many wondering: Why aren’t more people jumping into the market? The Waiting Game: Buyers Anticipate Lower Rates The primary
In the mortgage lending process, one of the most frustrating experiences for borrowers is dealing with the extensive documentation required by underwriters. Among the most common and challenging requests is the need to prove the source of funds for down payments and closing costs. This may seem like an unnecessary hassle, but it plays a
At Indigo Mortgage, we’ve always emphasized the importance of shopping around when securing a VA loan. Recent events have highlighted just how vital it is for veterans to be vigilant when choosing a lender. The Consumer Financial Protection Bureau (CFPB) recently fined New Day USA, a well-known VA lender, a staggering $2.25 million for deceptive
In today’s real estate market, there’s limited inventory for people to “trade up” in the size or location of their home. High interest rates also discourage many homeowners from selling, as they would need to purchase a new home at a higher rate. As a result, some homeowners are choosing to stay in their current