Fannie Mae has recently made changes to its Selling Guide that impact self-employed borrowers. This development is being seen as another setback from Fannie Mae, which had been a preferred option over Freddie Mac for certain reasons. The Changes The…
Navigating the world of home loans can be daunting, especially when it comes to jumbo loans. This type of loan is a vital part of the mortgage industry, but it's often misunderstood. Let's demystify jumbo loans and understand their place…
What is Debt-to-Income Ratio (DTI) Debt-to-Income Ratio, often abbreviated as DTI, is a critical metric used by lenders to determine your ability to repay a loan. It is calculated by dividing your total monthly debt payments by your gross monthly…
At Innovative Mortgage Brokers we are proud to provide our clients with comprehensive explanations of the various components that make up the home buying process and how to save money. Today, we're going to delve into the concept of the…
Navigating the world of mortgages can be a daunting task. With many different options available, and rates varying from lender to lender, it's crucial to find a trustworthy partner who can guide you through this process. That's where Innovative Mortgage…
Considering the continually evolving economic environment, it's crucial to make informed decisions about your financial future. Recently, there has been a surge in promotions suggesting homeowners should consider refinancing their mortgages as interest rates begin to drop. These rates might…
What Are Trigger Leads? Trigger leads are a result of credit inquiries made by consumers. When a consumer applies for a mortgage, their credit report is pulled by the financial institution. This action triggers the generation of a lead, which…
Time, as they say, waits for no one - and this is particularly true in the fast-paced, high-stakes world of the mortgage industry. As a mortgage broker, I've had a front-row seat to the dramatic impact that time can have…
When you embark on the journey of buying a home, one of the first steps you should take is getting preapproved for a mortgage. A pre-approval from a reputable loan officer can give you an edge in competitive markets and…
Deciphering the Modern American Dream Each individual envisions the American Dream in a unique way; it's a personal vision that varies from person to person. A recent study conducted by Bankrate explored what milestones people associate with the quintessential American…
