I am definitely using YOU when I purchase my home! I’m a Female Veteran with a disabled son and we’re looking for our forever home for him!!!! And I don’t need no B S! I’m buying in 2025-2025 August; I’m praying interest rates go way down like 3 to 4%! Pray for me!
I ❤ all the info you put out , 🙏 you so much as a new Real Estate agent this is so valuable and helps in being a better agent for lenders and my buyer/sellers You are very much appreciated. Mentor for sure
I am happy it is helping. I am doing a VA seminar (online and free) next month for realtors. Shoot me an email if you want to get the invite. Beeston@rate.com
one of Jen;s best vids yet, out of many. I am a current client in-process and yes the team is so excellent. (Jen maybe try the OTC sprays such as Flonase, Beconase and such. They have few side effects )
You are the best Thanks for the info I live in New York City trying to purchase in New Jersey going for my preapproval next month Hope I can find someone like you out here
Your pretty awesome! New subbie and looking to become a new home buyer with my husband. Located in Cali & looking to do a VA loan. I found a realtor and he seems cool but I'm not sold on the lender her recommended. Wondering if I could use the realtor I have in combo with your lending. Or if you have any realtor recommendations in SD, Cali.
Thanks for all your videos. My husband and I are planning to go to Guaranteed Rate Inc. here in our town In Alamogordo NM. We're buying my In laws Property that we are currently Renting right now. Im kinda nervous. Im looking forward also if we can get a First time home buyer Down Payment Assitance. Im just kinda nervous, this our first time buying a house and we don't know what to do. We paid off a lot of debt this year and hopefully our DTI is good. Im watching all your videos and it helps me a lot. Thank you ❤
I am glad the videos have helped:). I am licensed in New Mexico to do loans but if you want to use the local branch that is 100% fine. Also for downpayment assistance local is always better as they may know of county and city programs. Don’t be nervous. They will take great care of you and if you have any problems let me know❤️
So informative! We signed loan disclosures 11/24 and gave everything to the loan office within the next 2 days that she needed. The appraisal report was finished 12/8. I have reached out to my loan office to see if she had an idea of an ETA of when we would hear back from underwriting and she replied saying she was not sure if turn around time. I don’t want to be “that” client bugging her all the time. We are scheduled to close 12/30 and was not sure when I should start to be concerned if I have not heard back anything from her or underwriting?
She should have a rough idea of how long underwriting is taking. What company is it? Also you need to be through underwriting in the next few days to hit a 12/30 closing with no drama.
@@JenniferBeeston it’s an FHA loan through HarborOne Mortgage. I did ask her again yesterday and still got a reply of “still waiting on underwriting, not sure where you are in line”. The contract closing date is 1/7 so maybe we will be okay? The sellers were open to an earlier closing date so the loan officer said she put 12/30 on our file. If we plan for the 1/7 should we be okay? The financing contingency on the contract is for 12/28 so I guess my biggest concern is with Christmas etc. we will miss that
Thanks for the great and informative video! What if I am buying new construction and house is under construction and closing is not until June 2021? When should I begin shopping for mortgages?
I would start shopping now and asking about long term locks since you may want to lock now. You can pick a time here calendly.com/jennifer-beeston/preapproval-q-a
Hello Jennifer! Should I wait for my 2023 W2 since my 2021 W2 I did not work for more than half of the year so my income that year was really low. Will that affect my purchasing power?
If you are salary it will not make a difference. If you are hourly we will be doing a two year average so if you still worked the 2nd half of 2021 we should be good. Happy to discuss 707-478-0637
Great Video Jennifer. Question. I thought it was best to shop rates and get pre-approved first? So me as the buyer will have some idea of what price range to look at? Also, aren't there a lot of times the seller and seller's agent will want to see some kind of pre-approval letter when submitting a contract?
Hi. Should this process be the same no matter what lender you choose, a bank or a smaller company? Also, when shopping for a lender I’m sure you’ll be given the interest rate. Can that rate change from the pre approval to when it’s time to go under contract?
Okay so I'm going to look at some new construction on Sunday or talk to a builder on Sunday..if I like what I'm hearing will I go into a contract with them that day and then call you to shop rates? My agent said that even if I go with their lender I can change it somewhere down the road..is that true?
Yes and yes:) However sometimes they will give you incentive to work with their lender (money) so you want to be very aware if they are offering anything as you won't usually get it if you switch lenders. But sometimes the "credits" = higher rates so shopping is always a good idea. calendly.com/jennifer-beeston/shop-that-rate
Hi Jen, thanks so much for the video! We bid a house for investment last month and the scheduled closing date is Feb 10. For 25% down pay, we need to have $150K cash. We plan to get $50K from 401K account, and $100K from my individual brokerage account. I plan to sell company stocks but cannot do that until Feb 20 ish, so we are about two weeks short. I will use my company stock worth of $100K as collateral to take out the same amount of cash, will this be ok?
Your loan officer organizes your appraisal because the VA sends out their own appraisers but you will be responsible to pay. So once your in contract you’ll let your lender know and you should receive a call about the appraisal
Hey, I I'm 20 going on a deployment next month. I have already been preapporved for a va loan. it says i can go as low as 0% down and i do wanna do that but does that stay true when i actually go buy a house?
VA loans are 0% down but you do have closing costs whenever you buy a home so you want to make sure you are prepared for those or you ask the seller to pay. Be safe!!;)
Hi Jen, this came up again with underwriting. My job is considered a 20 hr job, Part time, but I work 40 hrs a week plus over time. I’ve work more than 20 hours for 10 years. They are asking for a letter from employer which they declined to provide stating they guaranty I’ll be working same hours for years to come, which can be unpredictable. What is my other option? We close in 3 weeks.
I would think they could do a two year history as well as year to date. The only issue would be if year to date is way lower. If YTD is lower they are going to go with that or whatever is guaranteed potentially whichever is lowest if your income dropped a ton this year. Have they gotten a written verification of employment from your employer? That is what I would be doing.
Prior to receiving appraisal back. I move the income and assets to underwriting asap. We actually are fully underwriting preapprovals now so we can move even faster
Great video! Wish i would have gone with you instead 😔 is there a certain requirements a lender needs to accomplish before ordering an appraisal to a home? It’s been a week and my lender hasn’t ordered it. He keeps promising to send me the link to pay for it, and still nothing 😔
Can you go into underwriting with two lenders? Or is it not an ethical thing to do? Lets say you decided to go with lender A, and lender B asked if he can still continue to work on your file as a backup just in case lender A does not go through. Thanks :)
If a buyer has told me they are going with another lender I have my team stop immediately. It is not a good use of time and I want my team focusing on people on we are actively working with. It's not fair to the people using us to spend attention on someone who has dumped us.
How do you get Loan Estimates to compare loans if lenders won’t give them without an address and insist they have to give Loan Disclosures at the same time? Seems like it’s hard to shop around.
We want the Loan Estimates mainly to get an idea of the Section A (Origination Charges) costs. I know that lenders aren’t allowed to change those afterwards unless there’s a change of circumstance.
@@ebleecker7104 they can always add points. our lender fee is $1440. Read Reviews of the individual lenders you are looking at. I have had way too many bait and switched this year coming to me for help. The buyer was trying to find the lowest rate and ended up with a higher rate because they were not locked. Really reviews matter. It tells you what you will get with that lender. Look at the loan officer reviews.
Do you do any mortgages in Georgia and do you work with disabled customers that receive SSDI as payment fully favorable with letters and documents credit at a 620 thank you
I just met with a builder on a new construction, my agent will be writing up a contract next week. The home should be finished in 6-7 months, when do I contact you about a mortgage?
How do you rate shop without getting your score getting dinged each time your credit is run? I know, I know, most likely I'll have to go and find that video...lol video
I think your process is backwards. It should be perfect before it goes to underwriting. Maybe spend more time with the processors before underwriting. Why isn’t yashika looking at it before it goes to the underwriter?
HI Ari, We follow the Guaranteed Rate pod model which is tried and tested. The processors on the front end do an amazing job and on the back end there are "nickle and dime" items as discussed in the video. I have tried different models over the years and this is the most efficient and from where I sit I see my clients happiest in this structure.
HI Josie, All my phone calls are returned if you leave a message. Sandy on my team checks my VM and calls people back all throughout the day as I am scheduled the bulk of the day on approval calls with clients . If your voicemail is not set up it can be an issue as we can't leave a message. She tracks every single call on a sheet as I am a psycho about this. I had her check the sheet for the last month and your name was not on the list. Did you call under another name? I really would like to sort this out.
First of all, let's just give Jenn a huge round of applause for this 18 minute video!! Yassss🥳👏🏾👏🏾
Thank you. Trying to get to “cast away “Tom Hanks level 🤣🏐
@@JenniferBeeston😂 I was definitely getting the Wilson vibe while watching your video so I think you're on your way girl!
I am so appreciative of this information I was led to all her videos. I’m gonna be ready soon. How can we work with you, we’re in San Diego.
@@willaholiday4173 Thank you! I may get a prop
@@LUV477 Thank you! I would love to help you when you are ready to talk. Just pick a time to chat!:) calendly.com/jennifer-beeston/preapproval-q-a
THANK YOU!!!!! MY LOAN FUNDED TODAY!!!!!!!!!!! WOOO HOOO. SO HAPPY I FOUND YOU ON CZcams!!!! JULIE B. WAS AWESOME!!!!
I am so happy for you!! Thankyou for trusting us to get the job done!:)
I am enjoying re-watching these.
This is so informative! Thank you for sharing. I'm so glad I found your channel and love how you mentioned all of the folks on your team.
Thank you!
I am definitely using YOU when I purchase my home! I’m a Female Veteran with a disabled son and we’re looking for our forever home for him!!!! And I don’t need no B S! I’m buying in 2025-2025 August; I’m praying interest rates go way down like 3 to 4%! Pray for me!
I am praying:)
@@JenniferBeeston thank you 🙏
I been looking all over the internet and this is the best video by far that explains the process in full details.. thank you so much
Thank you! I really appreciate that
You have been so much more helpful than any book, mentor. Thank you so much.
:)
I ❤ all the info you put out , 🙏 you so much as a new Real Estate agent this is so valuable and helps in being a better agent for lenders and my buyer/sellers You are very much appreciated. Mentor for sure
I am happy it is helping. I am doing a VA seminar (online and free) next month for realtors. Shoot me an email if you want to get the invite. Beeston@rate.com
Great information from a beautiful mind. Thank you!!!!!
Glad it was helpful!
Thank you thank you thank you!
I just passed my NMLS exam, but I have only a foggy idea of what the job actually entails! I love your videos!
Congrats!!!!:) I am glad the videos are helping! If you ever need anything let me know
Great teacher!
And great topics!
Thank you! 😃
your videos are awesome! great information! i subbed! i wish you continued success! 🙏
Thank you 🙏 ❤️
one of Jen;s best vids yet, out of many. I am a current client in-process and yes the team is so excellent. (Jen maybe try the OTC sprays such as Flonase, Beconase and such. They have few side effects )
Thank you John! We love working with you! Will try
Knowledgeable and Beautiful!
Thank you kindly!
Wow! You really know your stuff!
I try:)
Just submitted our application with you Jennifer, waiting for good news!!! Thanks again for all the great info. Be well.
Thank you! Looking forward to working with you!
You are the best Thanks for the info I live in New York City trying to purchase in New Jersey going for my preapproval next month Hope I can find someone like you out here
Check out Fred.burt@rate.com He is my NJ fav
Supporting this channel with a comment
Thank you! You know I love comments:)
Your pretty awesome! New subbie and looking to become a new home buyer with my husband. Located in Cali & looking to do a VA loan. I found a realtor and he seems cool but I'm not sold on the lender her recommended. Wondering if I could use the realtor I have in combo with your lending. Or if you have any realtor recommendations in SD, Cali.
I always get a quote when I look at the house.
Good call. Some of the quotes I am seeing are wild
First!
I'm almost ready to start the process. But definitely nervous.
You got this!
Netti Pot :) Has done wonders for my allergies
For 24 hour relief, I use Zyrtec and/or Flonase spray. Both are available over-the-counter and in generic. Talk to your medical provider.
Zrtec Allergy Works for me. Check the ingredients to make sure you are not allergic to anything listed.
Thank you!:) Will try. Claritin has not been working at all
Allergy Relief - Target brand, is what my husband uses, one a day 😊
Will try thank you!
Jenn " I NEED those docs."
Some people hunt dear, I hunt docs #exoticlife
Can you make a video explaining the teacher and district employee assistance program in California?
Thanks for all your videos. My husband and I are planning to go to Guaranteed Rate Inc. here in our town In Alamogordo NM. We're buying my In laws Property that we are currently Renting right now. Im kinda nervous. Im looking forward also if we can get a First time home buyer Down Payment Assitance. Im just kinda nervous, this our first time buying a house and we don't know what to do. We paid off a lot of debt this year and hopefully our DTI is good. Im watching all your videos and it helps me a lot. Thank you ❤
I am glad the videos have helped:). I am licensed in New Mexico to do loans but if you want to use the local branch that is 100% fine. Also for downpayment assistance local is always better as they may know of county and city programs. Don’t be nervous. They will take great care of you and if you have any problems let me know❤️
So informative! We signed loan disclosures 11/24 and gave everything to the loan office within the next 2 days that she needed. The appraisal report was finished 12/8. I have reached out to my loan office to see if she had an idea of an ETA of when we would hear back from underwriting and she replied saying she was not sure if turn around time. I don’t want to be “that” client bugging her all the time. We are scheduled to close 12/30 and was not sure when I should start to be concerned if I have not heard back anything from her or underwriting?
She should have a rough idea of how long underwriting is taking. What company is it? Also you need to be through underwriting in the next few days to hit a 12/30 closing with no drama.
@@JenniferBeeston it’s an FHA loan through HarborOne Mortgage. I did ask her again yesterday and still got a reply of “still waiting on underwriting, not sure where you are in line”. The contract closing date is 1/7 so maybe we will be okay? The sellers were open to an earlier closing date so the loan officer said she put 12/30 on our file. If we plan for the 1/7 should we be okay? The financing contingency on the contract is for 12/28 so I guess my biggest concern is with Christmas etc. we will miss that
Thanks for the great and informative video! What if I am buying new construction and house is under construction and closing is not until June 2021? When should I begin shopping for mortgages?
I would start shopping now and asking about long term locks since you may want to lock now. You can pick a time here calendly.com/jennifer-beeston/preapproval-q-a
I worked with Chadwick, Jen S, Kim, Krissy, of course Jen Beast but didn’t get to work with Maria... how unfortunate🥺 But yes Jen’s team is awesome
“Beast”? You’re going to correct your post after I pointed this out now, aren’t you? Others will wonder what I’m talking about. 😂
@@peterl.104 Nope, that’s her nickname
Thank you! I will pass on to them:)! We appreciate you!
@@tankercrewchief huh, I never knew that. Thanks for the info.
Hello Jennifer! Should I wait for my 2023 W2 since my 2021 W2 I did not work for more than half of the year so my income that year was really low. Will that affect my purchasing power?
If you are salary it will not make a difference. If you are hourly we will be doing a two year average so if you still worked the 2nd half of 2021 we should be good. Happy to discuss 707-478-0637
Try no to laugh your videos are great
Thank you!
Try cetirizine jen it works pretty well.
Will give it a go:) Thank you!
Great Video Jennifer. Question. I thought it was best to shop rates and get pre-approved first? So me as the buyer will have some idea of what price range to look at? Also, aren't there a lot of times the seller and seller's agent will want to see some kind of pre-approval letter when submitting a contract?
Yes you should always get preapproved before shopping. We actually do a full underwrite. Check out my “preapproval process” video.
@@JenniferBeeston thank you!
Hi. Should this process be the same no matter what lender you choose, a bank or a smaller company?
Also, when shopping for a lender I’m sure you’ll be given the interest rate. Can that rate change from the pre approval to when it’s time to go under contract?
Yes your rate can change as you haven’t locked the rate until you are ready to purchase a home which tends to happen once your offer is accepted.
Okay so I'm going to look at some new construction on Sunday or talk to a builder on Sunday..if I like what I'm hearing will I go into a contract with them that day and then call you to shop rates? My agent said that even if I go with their lender I can change it somewhere down the road..is that true?
Yes and yes:) However sometimes they will give you incentive to work with their lender (money) so you want to be very aware if they are offering anything as you won't usually get it if you switch lenders. But sometimes the "credits" = higher rates so shopping is always a good idea. calendly.com/jennifer-beeston/shop-that-rate
@@JenniferBeeston I already setup an appt on your website so I’m excited to talk to you and your team
Hi Jen, thanks so much for the video! We bid a house for investment last month and the scheduled closing date is Feb 10. For 25% down pay, we need to have $150K cash. We plan to get $50K from 401K account, and $100K from my individual brokerage account. I plan to sell company stocks but cannot do that until Feb 20 ish, so we are about two weeks short. I will use my company stock worth of $100K as collateral to take out the same amount of cash, will this be ok?
Need more details
How does the appraisal process work for the VA loan? Is a Real Estate Agent suppose to contact the Lender once under contract?
Your loan officer organizes your appraisal because the VA sends out their own appraisers but you will be responsible to pay. So once your in contract you’ll let your lender know and you should receive a call about the appraisal
😎
Hey, I I'm 20 going on a deployment next month. I have already been preapporved for a va loan. it says i can go as low as 0% down and i do wanna do that but does that stay true when i actually go buy a house?
VA loans are 0% down but you do have closing costs whenever you buy a home so you want to make sure you are prepared for those or you ask the seller to pay. Be safe!!;)
If you don’t have funds to cover the appraisal difference, it’s going to be really difficult getting your offer accepted in this market.
@@charmed1593 impossible I’d say, market has been extremely completely since COVID started
@@charmed1593 What is the appraisal difference?
Hi Jen, this came up again with underwriting. My job is considered a 20 hr job, Part time, but I work 40 hrs a week plus over time. I’ve work more than 20 hours for 10 years. They are asking for a letter from employer which they declined to provide stating they guaranty I’ll be working same hours for years to come, which can be unpredictable. What is my other option? We close in 3 weeks.
I would think they could do a two year history as well as year to date. The only issue would be if year to date is way lower. If YTD is lower they are going to go with that or whatever is guaranteed potentially whichever is lowest if your income dropped a ton this year. Have they gotten a written verification of employment from your employer? That is what I would be doing.
@@JenniferBeeston yes, I think they already got it. I was on worker’s compensation from dec 2019-to may 2020 so yes, I made a lot less this year.
Do you only do California loans? I live in Fountain Valley, CA but am thinking of moving to Las Vegas, NV.
I am licensed in 46 states:) So Nevada YES! You can pick a time to chat here calendly.com/jennifer-beeston/preapproval-q-a
Hi Jennifer, What do you think of Veterans United?
I think they know VA but they should give loan summaries upfront and talk about their fees upfront.
Hi you send the documents to underwriting within the first 5 days of what part ? After appraisal or what do you mean ? Thank you
Prior to receiving appraisal back. I move the income and assets to underwriting asap. We actually are fully underwriting preapprovals now so we can move even faster
@@JenniferBeeston that’s amazing ! But even after everything is done you still have to send it to underwriting again to give the final approval ?
Great video! Wish i would have gone with you instead 😔 is there a certain requirements a lender needs to accomplish before ordering an appraisal to a home? It’s been a week and my lender hasn’t ordered it. He keeps promising to send me the link to pay for it, and still nothing 😔
We order day one on all loans except FHA. FHA we have to have disclosures signed first. Sounds like you still have time to switch lenders.
Can you go into underwriting with two lenders? Or is it not an ethical thing to do? Lets say you decided to go with lender A, and lender B asked if he can still continue to work on your file as a backup just in case lender A does not go through. Thanks :)
If a buyer has told me they are going with another lender I have my team stop immediately. It is not a good use of time and I want my team focusing on people on we are actively working with. It's not fair to the people using us to spend attention on someone who has dumped us.
That’s what I thought, thank you for confirming this is not an ok thing to do.
Hi Jennifer how do I find out if the lender is experienced or any good at what they do??
Look for reviews. Or just call me 707-478-0637. Unless you are in Utah or Rhode Island I got ya!:)
How do you get Loan Estimates to compare loans if lenders won’t give them without an address and insist they have to give Loan Disclosures at the same time? Seems like it’s hard to shop around.
Unless you are locked even comparing loan estimates is futile.
We want the Loan Estimates mainly to get an idea of the Section A (Origination Charges) costs. I know that lenders aren’t allowed to change those afterwards unless there’s a change of circumstance.
@@ebleecker7104 they can always add points. our lender fee is $1440. Read Reviews of the individual lenders you are looking at. I have had way too many bait and switched this year coming to me for help. The buyer was trying to find the lowest rate and ended up with a higher rate because they were not locked. Really reviews matter. It tells you what you will get with that lender. Look at the loan officer reviews.
Do you do any mortgages in Georgia and do you work with disabled customers that receive SSDI as payment fully favorable with letters and documents
credit at a 620 thank you
Yes yes and yes!:)
I just met with a builder on a new construction, my agent will be writing up a contract next week. The home should be finished in 6-7 months, when do I contact you about a mortgage?
Hi Tony,
Happy to chat calendly.com/jennifer-beeston/preapproval-q-a
Don’t you need the appraisal to come back before the clear to close
Yes:)
How do you rate shop without getting your score getting dinged each time your credit is run? I know, I know, most likely I'll have to go and find that video...lol video
Yes you are right;)
HUD offers this as a soft pull for $25
@@tiffanydrinkwater4521 thanks
Do you have lenders that offer Fannie Mae Homestlye loans ?
Yes Guaranteed Rate offers homestyle
Are you licensed in Florida? We are planning to buy a house using the VA loan.
Yes I am and I would love to help! You can pick a good time to chat here calendly.com/jennifer-beeston/va-loan
@@JenniferBeeston okay, thank you. I am in active duty though. Are the requirements the same?
I think your process is backwards. It should be perfect before it goes to underwriting. Maybe spend more time with the processors before underwriting. Why isn’t yashika looking at it before it goes to the underwriter?
HI Ari,
We follow the Guaranteed Rate pod model which is tried and tested. The processors on the front end do an amazing job and on the back end there are "nickle and dime" items as discussed in the video. I have tried different models over the years and this is the most efficient and from where I sit I see my clients happiest in this structure.
Hi Jenn, I’m curious if my boyfriend is a diplomat can we get a loan together or does it have to be in my name only?
I don’t see an issue if he is a US citizen.
@@JenniferBeeston thanks, he is not a us citizen
Do you work on new construction?
Subdivision yes. Custom build where you are buying the land and then they build, no:(
Do you work in West Virginia for mortgage loans?
Yes I do. Feel free to reach out. I would love to help 707-478-0637
Oh Nooooooo, Dealth with enough Drill Sergeants in basic training and AIT...LOL
Ok we will put you with Chadwick then. He is nice:)
@@JenniferBeeston lmao.....ok. sounds good. Lol
This was my exact thought lol
@@kendrac8885 lol. Sure you are as traumatized as I am from DS
Less videos and more returned phone calls let’s start there
HI Josie,
All my phone calls are returned if you leave a message. Sandy on my team checks my VM and calls people back all throughout the day as I am scheduled the bulk of the day on approval calls with clients . If your voicemail is not set up it can be an issue as we can't leave a message. She tracks every single call on a sheet as I am a psycho about this. I had her check the sheet for the last month and your name was not on the list. Did you call under another name? I really would like to sort this out.
Can you work with me even I’m in NY
Yes I am licensed in NY:)
Can you send me your phone number or email so I can be in contact with you?
Thank you for answering
ding bag
Yeah you are basically speaking a different language... guess ill find a different vid this was not helpful
Best of luck!