Purchasing a home can be complicated, especially in today’s market, but it doesn’t have to be. The Indigo Mortgage New Mexico team is here to tell you why you should shop locally for a mortgage lender when purchasing your next home.

In the mortgage market, not all loan transactions are simple purchases or refinances. In many cases, borrowers need more help with a loan than just arranging the financing. For example, many individuals are dealing with inherited properties. In these cases, there is usually more than one person involved, and many questions need to be answered. This is why it’s important to have a local lender help you navigate the process.

The case of an unfortune divorce, where one of the spouses retains the property, is another situation where a borrower needs a local lender to handle the process and Indigo Mortgage is well suited to help. Some borrowers need to refinance to purchase another home or refinance out of a real estate contract. In these cases, it’s imperative to use a local lender that understands the difference between these transactions and the rules of refinancing. In New Mexico, these are called real estate contracts, but in other states, these are called land contracts. Our team has often had to explain varying contracts to underwriters.

As you can see, many things are involved in purchasing a home, especially when your situation is complicated. Navigating these challenges can be even harder with an out-of-state or national mortgage lender. We urge borrowers to stay local when it comes to mortgage loans. The team at Indigo Mortgage is here to educate you and lend a hand in any way we can.