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 them understand the pros and cons. We tell them that it’s not our job to convince them to refinance or not refinance, our job is to give the best analysis we can and let them decide if the refinance is in their best interest.

Recently, we had 3 different homeowners ask if they should refinance their mortgage, and after the analysis, they each agreed that a refi was not in their best interest, even though they would reduce their interest rate. In all these cases, the borrowers were better off keeping their current mortgage. That is why it’s so important for borrowers to deal with a local company like Indigo Mortgage; we are part of this community and believe it’s important to deal with people fairly.

The internet mortgage lenders and big national lenders are going to engage any borrower who wants to refi, even if it’s not the best for their family.
Borrowers tell us these lenders get very aggressive and push for papers to be signed. They see each client as one more sale, not as a neighbor and long-term friend. As always, we encourage borrowers to stay local when looking for a home mortgage or refinance. Call Indigo Mortgage Colorado with your mortgage or refi questions, we’re happy to help.

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