Today, when homebuyers are preparing to apply for a mortgage, they see ads about how rocket-fast it is to apply for a home loan or a refi. The ads make it look like getting a mortgage is as quick as pushing a few buttons on a computer or smartphone, or having a quick chat on
In the last several weeks, we’ve received a number of phone calls from home buyers who’d heard Indigo Mortgage on the radio and wanted a second mortgage proposal. They’d all applied online with that national lender who’s name rhymes with “pocket”, thinking they’d get a good deal. Each of these borrowers said they questioned if
Many times, we get potential borrowers who say they are shopping their mortgage around. That’s great, that’s what we’ve advised since we opened in 2003. Most often when they tell me they’re getting several offers on their home loan, one of them involves a national online lender. You know the companies—their names make you think
We know that borrowers are bombarded daily with ads for mortgage loans from that national lender whose name rhymes with “Pocket” and big internet lenders saying they can manage their home’s purchase and mortgage. But can big internet lenders really service local borrowers like a local lender can? We say this because a local lender
In early October 2021, we are beginning to see mortgage interest rates rise from the historical lows of the last year. However, many online lenders are still offering those low rates from a few weeks ago, BUT these lenders are not being forthcoming in what it’s costing to now get that low interest rate. They
Churning a mortgage – that’s how the mortgage industry refers to a scam performed by some lenders across the country. Here’s how it works: because interest rates for home loans are at rock bottom low rates, these lenders offer borrowers a rate lower than a borrower’s current rate. However this rate is not the lowest
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,