Mortgage interest rates have recently dropped to their lowest levels in over a year, which should be sparking a surge in home buying activity. However, the housing market remains surprisingly sluggish. This unexpected trend has left many wondering: Why aren’t more people jumping into the market? The Waiting Game: Buyers Anticipate Lower Rates The primary
Today, when homebuyers are preparing to apply for a mortgage, they see ads about how rocket-fast it is to apply for a home loan or a refi. The ads make it look like getting a mortgage is as quick as pushing a few buttons on a computer or smartphone, or having a quick chat on
If you have a real estate contract or a lease to own contract, how do you refinance that property? Let’s distinguish the differences of a real estate contract or REC and a lease to own contract. On a REC, the borrower’s name goes on the title to the property along with the seller; that title
Good news for Colorado homebuyers! The private corporations chartered by Congress to provide stability and affordability to the mortgage market, Fannie Mae (the Federal National Mortgage Association) and Freddie Mac (Federal Home Loan Mortgage Corporation) have raised the maximum loan limit from $548,000 to $625,000. This means a borrower can now take a mortgage up
Just because you could get a lower interest rate doesn’t necessarily mean it’s a good time to refinance your mortgage. Often borrowers call us at Indigo Mortgage and ask, “Does it make sense for us to refinance?” We take this question very seriously. Borrowers really just need someone, to be honest with them and help
It is evident that COVID-19 has had a huge impact on many areas of life, specifically the job market and employment. The team at Indigo Mortgage Colorado is here to inform you of changing loan programs during the pandemic. Because of the uncertainty COVID-19 has had on people’s employment, many loan programs are harder to