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Buying a home is one of the most significant decisions you will make in your lifetime, and it can be an overwhelming and complex process. From preapproval to closing, there are numerous steps involved in securing the right mortgage that…
A Loan Estimate provides important details about a mortgage loan that you have requested. It's a three-page form that presents home loan information in an easy-to-read, well-explained format, making it easy to compare offers. The Loan Estimate includes crucial information…
Navigating the world of mortgages can feel like trying to decipher a foreign language. But don't let the jargon intimidate you. At Innovative Mortgage Brokers, we're here to help you understand and navigate the mortgage underwriting process with ease. Understanding…
If you are in the process of buying a home, you've probably come across the term “mortgage points” or “discount points”. Understanding what they are and when to buy them can make a significant difference to your long-term financial outlook.…
It happens all the time. You get a mortgage approval, only to find out a few weeks later, you lost it. What gives? How could you lose approval after the underwriter provided it? It’s more common than you think, but…
The real estate market has been a sellers’ market for the last few years, but the tide is changing, and in some areas the buyers now have the upper hand. Because of this, you may see more occurrences of seller…
You’ll need more than the down payment when you buy a house. You’ll also be responsible for closing costs. Knowing how much you might pay and how to lower them can help make it easier to buy a house. Closing…
If you’re considering buying a new home but don’t have enough money saved for a down payment, a down payment assistance (DPA) program may help. DPA programs help first-time homebuyers secure funds for a down payment and closing costs, so…
It takes a whole team of people to make a real estate deal go from start to finish. Even new home buyers or sellers often expect to work with a real estate agent, a loan officer, and other experts in…
You have saved and saved for a down payment on a new Philadelphia home and are finally ready to sign all of the paperwork and get the keys. Your lender sends over the final numbers and the cash to close…
