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 and perhaps save themselves and their families hundreds of dollars in monthly payments.
BUT we want to caution veterans to please shop around for a VA Streamline loan, as offers from lenders can and will vary, especially in what it will cost the veteran to get that low rate.
For example, we recently got a call from a veteran who wanted to compare on offer he got from that “pocket” sounding national lender. We sent him our offer, not seeing the offer from the online company. When we put them side by side, both companies offered him the same low interest rate, but the Indigo Mortgage Colorado loan was $5000 less in fees than the national lender’s offer.
We saved this veteran $5,000 in closing costs that would likely have been added to his loan, because he shopped his mortgage around and wasn’t so quick to take the “Pocket Mortgage” offer.
Veterans, please shop that VA mortgage around and remember to shop it with a trusted local mortgage company like Indigo Mortgage Colorado . Veterans should be honored for their service; at Indigo Mortgage Colorado, we do that by offering honest and ethical loan rates and options every time. Thank you to all our veterans!