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
A reverse to purchase loan in the simplest terms is the money a borrower puts down on the purchase of a home is used to make the payments. That borrower then will not have mortgage payments. The amount required to put down is determined by the age of the youngest borrower. The younger a borrower
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
Indigo Mortgage has learned that seniors in Albuquerque either have an idea of what a reverse mortgage is and have some basic questions, or they have no idea what a reverse mortgage is and have many, many questions! Most seniors are skeptical about calling or engaging with a lender. Seniors don’t want to be harassed
Our company president, Ben Lucero, loves to share stories when our customers shop for a mortgage. Last week, a realtor called Indigo Mortgage and said one of her clients was quoted an interest rate of 5.75% on a Federal Housing Administration purchase loan. She thought that was way too high and we suggested her client