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
As we are seeing home mortgages and refinances at all-time highs, don’t be too quick to accept an offer from a national mortgage lender, without reading the small print. Most recently national lenders are attempting new tactics to entice homeowners with low rates and nearly impossible requirements to qualify. Not long ago a borrower came
Mortgage rates are still at historic lows, but all lenders are not equal in how they offer those low rates. It’s important to not only get the best or lowest interest rate available but more importantly to know what it costs to get that low rate. If you’re refinancing a mortgage or getting a new
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