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Considering the purchase or sale of a home might seem daunting in the current climate. With mortgage rates at their highest in recent years and escalating home prices, the challenge is real, as depicted by the graph below. Deciphering the…
Life is a beautiful tapestry woven with significant milestones - the exhilarating joy of welcoming a new family member, the bittersweet transition into retirement, or the poignant adjustment to an empty nest. Each of these life-altering events comes with its…
For those contemplating whether to rent or buy a home, one crucial data point can significantly influence this decision. A recent report by the Federal Reserve Board reveals a striking disparity in net worth between homeowners and renters - a…
In the dynamic and often unpredictable world of real estate, prospective buyers are frequently faced with a significant decision - should they buy now or hold off for a potentially better time? This decision becomes even more complex when considering…
The Pennsylvania Association of Realtors provides a comprehensive monthly statewide report on the Pennsylvania housing market. This report offers valuable insights into key metrics such as listings, sales, median sales price, and inventory status, helping buyers, sellers, and industry professionals…
The world of mortgages is ever-changing, and it's essential to stay updated with the latest developments. One crucial aspect that often undergoes changes is the conforming loan limit. This year, there's an anticipated increase in this limit, and some lenders…
Fannie Mae, a leading source of financing for mortgage lenders, recently announced significant changes in its Desktop Underwriter (DU) system. The updates are expected to affect the maximum allowable loan-to-value (LTV) ratios for two- to four-unit properties. Changes to LTV…
In the evolving landscape of housing, one trend that has been gaining traction is the use of Accessory Dwelling Units (ADUs). We're here to shed light on this emerging phenomenon and what it could mean for homeowners and potential buyers…
At Innovative Mortgage Brokers, we place great emphasis on keeping our customers up-to-date about any fluctuations in the mortgage industry. Recently, Freddie Mac has made some significant updates to their guidelines concerning student loan payment calculations that could potentially impact…
As a homeowner or potential homebuyer, you may have heard about how inflation can impact mortgage rates. But what does this mean for you? And how can you navigate this complex landscape? At Innovative Mortgage Brokers, we're here to help…
