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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…
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…
A Glimmer of Hope Amidst Recession Fears Recently there has been a growing concern among many people about the possibility of a looming recession. Understandably, the fear is that a recession could lead to a sharp increase in the unemployment…
Embarking on the adventure of buying a home is truly a significant event. This exciting journey is filled with anticipation, but it can also be complex and challenging. This is especially true if you're a first-time homebuyer stepping onto the…
Whether you're a Pennsylvania resident dreaming of a tropical retreat in Florida, considering a permanent relocation to the Sunshine State, or looking to expand your investment portfolio with some prime beachfront property, Innovative Mortgage Brokers is your trusted partner in…
