Just because you could get a lower interest rate doesn’t necessarily mean it’s a good time to refinance your mortgage. Often borrowers call us at Indigo Mortgage and ask, “Does it make sense for us to refinance?” We take this question very seriously. Borrowers really just need someone, to be honest with them and help
Many mortgage borrowers in the Colorado market have heeded our call to shop their mortgage around for the best rates and lowest fees. That’s especially important when dealing with that “quick in pocket-sounding lender” or the VA lender that is supposed to “unite” veterans. Borrowers call us because they want to compare offers to see
Because Indigo Mortgage Colorado has the VA mortgage loan center, many, many veterans over the years have come to trust us to offer ethical and honorable VA mortgages. Like other consumers, veterans shop their mortgages around to find the lowest interest rates and fees. When we see a VA mortgage loan proposal from the “Quick”
Now, in the summer of 2021, the real estate market is extremely competitive, homes are selling very quickly, and at the same time, mortgage rates are at historic lows. That means that many people are making offers on the same home. One way to set your offer apart is to accompany your offer to the
If you’re shopping for a mortgage or a refi on your home, you’re probably aware that the large national mortgage companies with names like “quick” or the one whose name rhymes with “pocket” are one and the same company. We want to caution borrowers to not be so quick in making a decision to use
In today’s competitive mortgage market, when a lender pulls a credit report on a borrower, the credit bureaus (Experion, Equifax and Transunion) are selling that borrower’s information to other internet lenders. Some unscrupulous lenders then try to solicit borrowers already in a mortgage application with another lender, offering what seems to be a better deal.
A recent change is affecting mortgages on investment properties and second homes. Fannie Mae and Freddie Mac, companies chartered by Congress to purchase mortgages from financial institutions and repackage them for investors, has made it more difficult and more expensive for lenders to offer mortgages on these types of properties. Fannie Mae and Freddie Mac
In a recent blog, we talked about mortgage servicers and what they do after your home loan closes. Let’s look at the law that governs those servicers which is called RESPA. RESPA, an abbreviation for Real Estate Settlement Procedures Act, is a federal consumer protection law. It makes sure that servicers cannot change or modify
What happens after the closing process for your home’s mortgage? Mortgage companies seldom talk about the process after your loan closes or what borrowers need to know after they sign the home loan. Today, most mortgages are not serviced by the company that funds the mortgage. Mortgages are usually sold on the secondary market to
In April 2021, the Veterans Administration has announced an expansion to the VA home loan eligibility for those with National Guard service. This broadens the eligibility for certain members serving in the National Guard. Learn more about the qualifications here. Now, certain National Guard members will have access to the Veterans Administration home loan program
Consider this important question: if a local mortgage broker can offer what an internet lender can do and more, why not use the local company? If your perception is that the internet lender can offer lower interest rates on your mortgage, we encourage you to shop and compare! At Indigo Mortgage, we can most often
Recently, we wrote that taking out a mortgage for your Colorado home is not like buying a pair of shoes. Yet some internet lenders, like the one that rhymes with “pocket”, treat people like they are a commodity, just buying another pair of shoes on the internet. We frequently have borrowers who call and say
Some mortgage lenders today are treating the process of getting a mortgage, the biggest financial transaction of most people’s lives, as if as easy as buying a pair of shoes on the internet. Everyone has seen the television ads – “just click this button and get a mortgage”. Just because they make it look easy,
By now, as we approach the end of first quarter in 2021, veterans in Colorado have seen the very low interest rates for VA Streamline loans or what we call IRRRLS, Interest Rate Reduction Refinance Loans. This of course is a great opportunity for Veterans to streamline their existing mortgage into those lower interest rates
At the end of the first quarter of 2021, the real estate market is very competitive and since mortgage rates are still at historic lows, many people are making offers on homes. Since there aren’t many homes on the market, they are selling quickly. One way to set your purchase offer apart is to accompany
With mortgage rates being at or near historic lows, Colorado homeowners always want the lowest mortgage rate they can get on a new home loan or a refinance. But be careful that you don’t make the low rate your idol. What does that mean? It means that you can make a big mistake by focusing
Mortgage rates have indeed come off their recent record low, but they are still in a historically low range. So, the question we get daily from Colorado homebuyers and those looking to refinance is “When are the rates going up again?”. Last year, we said that the mortgage experts predicted the interest rates would go
Today’s real estate market in early 2021 is definitely hard to navigate if you are a home buyer. Not only is it a sellers’ market with increased prices on a limited inventory of homes, but with mortgage rates at historic lows, many more buyers have jumped into the market. That adds up to more stress
Veteran Administration (VA) mortgage interest rates are the lowest in history, as veterans already know. They know this because they are being bombarded about refinancing with online ads, direct mail, and calls from their own mortgage company. Here are some easy guidelines about the “streamline” interest rate reduction refinance loan (IRRRL). A veteran is eligible
If you’re purchasing a home or property, or refinancing your current mortgage, you already know that interest rates are the lowest in history. This is a great opportunity for homeowners and new home buyers to take advantage of these low rates, and save thousands of dollars over the life of their loan. At Indigo Mortgage