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
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
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
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
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
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
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
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
With all that’s going on today in the world, Covid-19 is at the forefront of many of our thoughts. It’s important during uncertain times like these to remain positive and look on the bright side of things. At Indigo Colorado, we know that God still loves us, our families, and is giving us an opportunity
Over the last week here in mid-March 2020, there have been dramatic swings in the stock market as well as with mortgage interest rates. With that being said, it can be confusing when it comes to the decision to refinance or not. A week and a half ago, the expert mortgage brokers at Indigo Colorado
At Indigo Colorado, we consider ourselves true mortgage brokers. Below we will explain the key differences between a broker and other types of mortgage companies. There are 2 types of mortgage companies, mortgage brokers, and the “other guys”. We say this because the mortgage brokers are the ones working for the borrower and representing the
We all know how stressful purchasing a home can be. It’s important to have a brief knowledge of what you are getting in to before diving deep into the real estate market. Here’s the difference between pre-approval and pre-qualification, and how they effect you as a buyer. Today’s real estate market is a seller’s market,
When it comes to your home mortgage, a low-interest rate is great, but sometimes it can be too good to be true. Here’s why you should proceed with caution when jumping into a program with a national lender. As we had mentioned in our previous blog, interest rates are currently at a historic low. This
When purchasing a home, it’s very important to take the interest rate of the home loan into consideration. A lower interest rate can end up saving you a large amount of money in the long run. At Indigo Mortgage, we make it our goal to educate the borrower as much as possible as well as
Choosing the right mortgage company when refinancing is imperative. Making a quick decision doesn’t always provide the best outcome. It’s important to have a clear understanding of what you are looking for when you set out to refinance your home. A great deal may not necessarily be all that it appears to be. In December
Many mortgage lenders make offers for first-time home owner loan programs or first responder programs. However, they embellish what those mortgage loans really are. For example, one mortgage lender promotes that nurses, first responders or veterans can get loans with zero fees. The reality is, the lender charges a higher interest rate to compensate for