Tag: Colorado mortgage broker

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When you’re buying a home and applying for a mortgage, avoid any upfront application fees. Today, some mortgage lenders are charging borrowers an upfront application fee, often $500-$600, when they apply for a mortgage. The lender tells the borrower that this fee will be credited towards the appraisal of the property. Upfront application fees are

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Recently, an independent national survey was conducted that evaluated VA interest rates and compared closing costs. The survey looked at the top 10 national VA lenders and compared them to smaller VA lenders. The results showed that the big national VA lenders, names you’d recognize, are clearly charging veterans more than small lenders – the

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It’s important to know that there are many different parties involved in the home buying process. There’s usually a seller, a buyer, 2 realtors, a Title company, and the Lender. All of those people depend upon the lender to get the loan financed and closed on time. Ideally, they will all be in constant contact

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A VA Streamline loan, also known as a VA IRRL (for “interest rate reduction loan” is designed to allow a veteran to refinance his or her current VA loan into a loan with a lower interest rate and lower monthly payment. This type of refinance must be a VA to VA refinance. It’s called a

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Homeowners with a conventional mortgage who are working to refinance their loan to a lower interest rate have a new fee that will be added. We’ve advised for the last few months that this fee was coming and it’s here. The fee is known as the Adverse Market Fee and it adds a .5% fee

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As a mortgage broker, Indigo Mortgage Colorado has access to the largest wholesale lender in the country and they have approved our company to offer a VA Purchase loan and a VA Streamline Loan with the 30-year fixed rate as low as 2.25%. That’s right– a VA purchase rate or a VA Streamline refinance with

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At Indigo Mortgage Colorado, we get calls every day, asking “What’s your best interest rate?” We tell them it’s impossible to accurately answer that until we can get some basic answers from you first. One real piece of advice we suggest, is when you’re ready to make an inquiry about a refi or new home

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As you’ve noticed if you’re in the market for a mortgage or a refi, mortgage interest rates have declined to the lowest in history and there are way more borrowers than there are lenders. Because of this, many of the large national companies that promise easy, online applications and funding are actually taking advantage of

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Now, in September 2020, mortgage rates are about the lowest in history. Because of that, mortgage lenders in Colorado have been hit with a deluge of new applications which is causing a backlog across the mortgage industry. Overall it is taking longer to get an appraisal, the time needed for underwriting has been extended, and

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Even now as we all deal with a global pandemic, the Colorado real estate market remains very competitive. With mortgage rates at historic low interest rates, many people are making offers on homes. This is a “seller’s market”, when the number of homes on the market is fairly small versus the amount of people trying

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As homebuyers know, the mortgage interest rates have declined to the lowest in history during the summer of 2020, but there are still some challenges to consider for people buying or refinancing a home. The first challenge affects home owners who took advantage of a forbearance, which is when your mortgage lender allowed you to

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We’re living in extraordinary and unusual times in 2020. And, if you’re in the market for a home as well, it can add a whole other dimension to the buying process. Indigo Mortgage Colorado wants to advise you on the difference between an interest rate and an APR (Annual Percentage Rate) and why it’s important

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Mortgage rates are at historic lows and the current market inventory is still tight. Can having an important asset like a pre-approval or a pre-qualification when looking for a home help during this time? Indigo Mortgage Colorado knows the real estate market is very competitive. You can set yourself apart by using a pre-approval or

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As you may know, home loan interest rates are currently at a historical low. Now is the time for borrowers to take advantage of the great low mortgage rates being offered, especially to Veterans through VA loans. Here’s how the Indigo Colorado team suggests Veterans make the most of these low rates. Indigo Mortgage Colorado,

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With rates for home loans reaching historical lows once again, many are wanting to make new home purchases or refinance their existing home mortgage loans. At Indigo Mortgage, we want to give Colorado borrowers some advice on what questions to ask and what information they need to receive a quality mortgage rate quote. When it

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With everything going on, it is important to stay patient. This is something we want to encourage our mortgage borrowers to do when going through the process for a home loan. Here’s why. The mortgage market is currently experiencing a lot of changes. This is due to the effects of COVID-19 on the production side

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At Indigo Mortgage Colorado, we consider ourselves true mortgage brokers. Here are a few things that set our team apart from other types of mortgage lenders and home mortgage companies. According to research done by the Consumer Financial Protection Bureau, when it comes to Freddie Mac and Fannie Mae loans, 50-75 percent of borrowers do

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The state of the world today during the COVID 19 virus has made an impact on many areas of life, one of which includes the housing market. During this unprecedented time, here’s what you should know about home mortgages and what the Colorado market looks like right now in May 2020. Due to uncertainties in

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6805 Corporate Drive, Suite 115
Colorado Springs, CO.
80919

Call: 719-836-9500

Fax: 505-213-0633

NMLS #188348
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