Understanding the Current Landscape As of April 2024, the U.S. housing market is undergoing significant changes, with both mortgage rates and home prices experiencing simultaneous rises. This situation has been influenced by several economic factors, including inflation rates and monetary…
A Glimpse at the Current Landscape As of this past week, the American dream of homeownership is becoming increasingly elusive for many, as mortgage rates continue their upward trajectory. The 30-year fixed-rate mortgage, a cornerstone of housing affordability, has seen…
A Glimpse into the Spring Housing Market Innovative Mortgage Brokers is thrilled to share that our very own CEO, Yury Shraybman, was recently featured in Mortgage Professional America (MPA). MPA is a leading source for news, opinion and analysis on…
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…
Today, we're here to help you understand the new FHA guidelines on rental income and Accessory Dwelling Units (ADUs) in Pennsylvania. The Federal Housing Administration (FHA) has recently made some significant changes with the recently released Mortgagee Letter 2023-17 that…
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…
At Innovative Mortgage Brokers we turn the complexities of the mortgage landscape into an empowering journey for you! We understand that navigating the mortgage landscape can be challenging, especially with frequent updates in guidelines. Recently, Freddie Mac has introduced updated…
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 the pause on federal student loan payments, implemented under the CARES Act due to the COVID-19 pandemic, is set to end on August 29, 2023, many homebuyers are facing an uncertain financial future. The federal pause on student loan…
