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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 their rocket-fast or super-quick. These prospective borrowers tell me that after they’ve provided information and received the company’s quote, these lenders are relentless, trying to get them to commit to their mortgage offer.
We always tell borrowers, if they are pressuring you into a mortgage, is it for your benefit or the lender’s benefit? If they are pressuring a home buyer to commit, it’s because they don’t want the borrower to shop that mortgage around. Most likely it’s because the rate they are offering is higher than it should be or the rate they are offering comes with some hefty fees to buy down the interest rate. Either way, that home loan will cost you much more over the life of the mortgage.
Here at Indigo Mortgage, we encourage borrowers to shop for the best interest rate and fees; borrowers should get the best deal they can get. We never ask to see the other lender’s offer until after we send ours and only then we can compare. We always give our best offer upfront.
Remember, if you are being pressured to commit to a mortgage offer, ask yourself if it’s because the loan offered is good for you or good for the mortgage company. Indigo Mortgage Colorado never operates by applying pressure. If we can be a resource for your Colorado home loan, please give us a call.

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