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 on borrowers as they must move very quickly in all phases of the home buying process.
That is why a local mortgage broker is the home buyer’s best ally. If you’re shopping for a home, it’s vital to be pre-qualified; that lets you know the estimated borrowing range you’d be approved for, in order to repay the lender. Simply said, it lets you know that you could qualify for up to a $300,000 mortgage, for example, so that you know not to be shopping for more expensive homes.
At Indigo Mortgage, we can usually get a borrower pre-qualified the same day. When a buyer needs a pre-qual letter sent to the realtors, even outside of regular business hours, our loan officers are equipped to issue a letter, even over the weekend.
We will also customize that pre-qual letter to the purchase price. This is not possible with many big banks, national lenders, and internet lenders. Local mortgage brokers like Indigo Colorado are more responsive and are accessible from application to funding. This is vitally important in a real estate market that is on fire. Borrowers need quick response times, they want someone to talk to when they call, and they want accountability; a local mortgage broker will fulfill each of these needs. That is just not always possible with the big banks and internet lenders.
Remember, when purchasing a home, stay connected with a local mortgage broker like Indigo Mortgage Colorado.