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 not shop around for their home mortgage. This means they end up paying unnecessary fees that can add up to an unthinkable amount, billions of dollars per year. When consumers are preparing to purchase a home and will need mortgage financing, using a mortgage broker is the most efficient way of finding the best mortgage rates and the lowest fees. Mortgage brokers are discovering loans and shopping around every day, which brings more opportunity for the borrower.
Mortgage brokers do not benefit from charging a higher rate as they are compensated by lenders to originate loans for them. These lenders compete for the business of the mortgage brokers, so they offer them lower rates, which we pass on to our clients. Typically, the mortgage broker will pick a lender that will offer the lowest rate for their borrowers. When home buyers are looking for a mortgage loan, if they include a mortgage broker, their chances of finding the lowest interest rate possible is exponentially improved. These are just a few things that set mortgage brokers apart from other lenders.
There are many reasons one should work with a local mortgage broker when searching for the best home mortgage loan. The team at Indigo Colorado is here to find you the best deal. Reach out to us today and don’t forget to shop local for your Colorado mortgage. We serve homebuyers all across the metro area and the state!