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…
As a mortgage broker, we’ve seen firsthand how the right lender can make a world of difference when it comes to securing a mortgage. A recent study by the Consumer Financial Protection Bureau (CFPB) highlights this point, revealing that borrowers…
We are beyond excited and humbled to announce that Philadelphia Magazine's Top Mortgage Professionals™ for 2023 has selected our very own Yury Shraybman at Innovative Mortgage Brokers! This prestigious award recognizes the top mortgage professionals in the Philadelphia area who…
Approximately two weeks ago FHA announced they will be lowering mortgage insurance premiums for all FHA borrowers. This is welcome news for many because the MIP discount is as much as 30 basis points lower. The FHA dropped MIP from…
Conventional loans don’t have upfront mortgage insurance fees like government-backed loans (FHA) have, but there are fees behind the scenes many borrowers don’t realize. You may not see the charge, but it’s wrapped into your interest rate, affecting your mortgage…
It can be easy for your garage to turn into an abyss of old junk, extra boxes destined for the already-full recycle bin, and off-season decorations. But here are a few great reasons to use this space efficiently and effectively…
It can be hard to time the real estate market, but if you are getting ready to buy or sell a Philadelphia house during the holiday season, here are a few things to consider during the process. Buying and…
