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Agreed, it’s always been a part of our industry and allows for investment and rebuilding

@@Yacoba_Israel hello! If you refinance to a VA loan yes, so I assume you have a loan now? Why don’t you schedule a call with me so we can talk about it and make sure I answer your questions completely calendly.com/d/cngj-38x-xg6/introductory-call-with-jen-15-minutes

Thank you!

It’s crazy, yes, gap is closing. but some appreciation better than none. Paying rent has negative return 🤦🏻‍♀️

Hi Harry, yes, trust documents are private. That being said, a lender will not lend money to a trust without seeing the trust documents first.

@@LoanWithJen This is not accurate. Especially if the Trust is already holding significant assets with said lending institution.

Thanks for the visit. Glad you enjoyed it!

Hi Christine! I’ll need more info from you about whether for investment or your primary home. If investment here is a video in more detail th-cam.com/video/uf4qVNwNmKg/w-d-xo.htmlsi=XZcI5fHNj5P2efYk

Thanks for watching and I’m so sorry to hear your strugggle with buying! Here is a link to get a call on my calendar calendly.com/loanwithjen/intro-introductory-call-with-jen-15-minutes

Thank you for watching and the feedback! Happy new year!

Thank you for watching Harry!

Thank you for watching! 😊 Stay tuned for more great content

You are most Welcome!

Do you live in Texas? Are you new to Texas?

I appreciate the input.

Thank you for the question. I'm going to recommend you reach out to your mortgage servicer and let them know what your plan is. If you send in a payment without stating exactly what the funds to be applied to, they could either apply it something you didn't want it applied to (like to interest amounts), or send it back because they need more instructions. Reaching out to get the form needed to send in with the payment, or getting the exact "wording" for the message you send in with your payment will be helpful.

Thankyou for watching!

Thanks for the question! It's a bit different for everyone. 4 years is good yes, as long as you plan to be long term. Also consider: is the value of this money that you are spending on the buy down more valuable to you now as a lump sum to pay for furniture or other things that you might put on credit which would have a higher cost. Also, if you think you might be refinancing within four years, then that might not be a good idea to buy down either Good luck!!!

Hello. It must be acquired at the time of the closing. Underwriting has to be sure that you meet the criteria. Thanks for the question!

@@LoanWithJen, Thank you for your response. I am in the state of Texas. Can I contact you directly to hire your services? I need someone on my side during the mortgage process. I feel the Loan Officer employed by the builder is misguiding me.Thank you!

@@clippy3434 Absolutely! Here's a link where you can schedule an introduction call and we can discuss details! calendly.com/loanwithjen/intro-introductory-call-with-jen-15-minutes

@LindaKing-I3u Are you in Texas?

I plan to do this for my forever house. The issue: With traditional one close construction loans with GC attached, everyone I talked to is begging for me to do my loan with them because I'm EXTREMELY qualified and low risk borrower. But if I GC my own build, no one would lend to me. I'd have to go hard money lending...

What state are you in?

@@patrickharrington2230 Texas

I think many people think it's out of their reach, when really, it's a viable option to consider.

@@patrickharrington2230 texas

You are so welcome

You are so welcome. I hope you find the information you need. If there are any topics you would like answers to, please let me know.

Thank you for the question. The best place to get that information is directly from USDA. As USDA loans are facilitated directly with USDA lenders, they are going to be able to give you the exact information you are looking for. eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

Thank you! Appreciate you tuning in

​@@LoanWithJenYour video quality is very good and you speak very well if you agree to put some youtube videos you will be first class I believe if you want I can give you free advice

You can trust me as a friend and I will honor your trust

Hi dear I want to do some regular work for your channel it will increase your channel views and sales a lot for that I don't have to pay anything I will give you a description and some keywords below. ​@@LoanWithJen

Thank you so much 😀

@LoanWithJen Your videos mean something new that you beautifully present and discuss in front of us

Glad it was helpful! Thanks for watching!

Thank you for the question. No, it will effectively lower the interest rate.

Thanks for tuning in. I would love to understand more your comment. It helps me make better videos

I'm so sorry to hear this. That is terrible! I have a new video that addresses what to do when you are having trouble with your servicer, and there are a couple of government agencies you can reach out to. One is HUD, the other is the Consumer Protection Agency. The new video will be coming out in the next couple weeks. Keep an eye out for it. I hope you can find help.

Thanks for the comment. Increasing the video speed is a great idea! I do it with everything I watch :)

@gerrywalker5903 You should be able to get the expectations you set with this plan. Not everyone can or will do #4...leaving someone's home and stepping into the new culture of a different state is a huge step. Out of curiosity, where do you suggest?

@@LoanWithJen I wouldn't live in Texas. The property taxes are way too high for that state. They increase at an unreasonable rate. I would much rather live in a wealthy state and not a poor state like Texas.

Is this your first house? How exciting! Don't go buy anything for the house yet. Keep your credit and finances right where they are.

The builder's lender will have to answer that for you. I'm getting ready to record a video in December about lender loans and the extra fees you may not be aware of. Get a copy of the loan estimate as soon as possible to see what all the fees are. Sometimes those lenders offer great programs, but often the "$deal$" you think you are getting is just wrapped up into the loan. Depending what state you are in, or county, that will factor into whether there are DPA programs for you as well.

@@terrencebooth8223 the Dpa programs- most of them - are offered by the state - but not every lender offers them. Builders commonly do not , likely because profit on these loans is very limited. However, many builders offer deep discounts toward closing costs. This is almost like a form of assistance in itself!!!

Great question! First, I am not an attorney, so I cannot provide you with legal advice. For your specific situation, there might be options I'm unaware of, and the options I share with you here might have tax consequences. So please consult with a local estate planning attorney or tax advisor to ensure your plans are legally sound and tax-efficient. Two options that I have seen people use are: transfer-on-death deed (TODD), which allows you to designate your daughter as the beneficiary of your home. This helps avoid probate, as the property automatically transfers to her upon your passing. The other option is to add your daughter to the property as a joint tenant. Joint tenants have the right of survivorship. Best of Luck to you.

Thank you so much, Wishing you the best of luck with your project!

You are welcome!

Yes! Call Kathy for insurance...you will be in the best hands! And if you need a lender, I'm here for you.

Hi! Be careful here- lenders on the first loan will want the 2nd lender to be an institution- NOT an individual. These rules are in place to prevent side deals. To answer your question- foreclosure rights if you don’t pay is usually the norm.

Good point!!!! Thanks for tuning in!

This is heartbreaking to read. My heart goes out to you. Sounds like you have had a long period of dedication to your grandma. I hope you can find some help with county services or local agencies that help families in need.