We have the privilege of working with your team. At the end Jen Anderson told us that the other lender was offering a better rate (6.35% vs 7%) But, what a pleasure to have her as a lender. We were shopping and compare rates with 4 different lender. We told everyone since the first chat that we were shopping, Jen was very understanding. We had other lender who was super mad when we told him we found a better rate, he even told us that we were using him and his knowledge and after all his effort we decided to go with another lender. Crazy, right? But so different with Jen. Definitely considering the team when the time to refinance arises.
I 100% agree ( as always) with everything you said! ( I hate when realtors play lender and try to give you a monthly payment without even knowing your situation) Thanks for the great videos!
A proper loan import & T up, with running credit soft pull, running work # and IWS.. issuing a pre-approval is fine.. I wouldn’t run a hard pull bc things can happen and now they aren’t ready to buy.
Do not pick a lender based off of the preapproval amount. Some lenders Max qualify which is not a good thing. You want a Lender who will talk to you, go through the closing cost payments as well as how they qualified you.
As home buyers, we both need to shop around and we can't be having every lender do hard pulls of our credit. It's not our fault that those pulls affect our credit score. And those scores are the very thing lenders are looking at.
Talk to a few different types of lenders. There is not one segment that gives better deals etc. It depends on the loan officers . Check out this article www.consumerfinance.gov/owning-a-home/explore/contact-multiple-lenders/
Hello, you are a VA loan lender? I’m looking to purchase in Alabama in the next three months. And I want to work with someone well versed with VA loans.
First time home buyer, I am looking to move within a year. It seems that a hard credit pull from several lenders will damage my credit score enough to cause a problem when it comes to an actual approval after the fully underwritten pre-approvals from three or more lenders. What do you advise?
I would only start comparing lenders rates and having credit pulled if you are looking at shopping within the next 2 months. Most lenders do a soft pull upfront. We only do a hard pull to do a full underwrite which is what i recommend as it is the strongest level of preapproval. Most lenders do not do this though so... Also you can have multiple lenders do a hard pull in a 30 day window and not have it affect your credit. I would not suggest a full underwrite or hardpull unless you are shopping within the next two months
@@JenniferBeeston Two months??? With inventory this low.. this sounds like a marketing pitch. In the past two years I have been monitoring local markets and seen over valued homes go on and off the market very quickly. The homes that stay on the market seem to have severe issues, some completely gutted, or falling apart during an attempted flip where someone ran out of money to restore. Now due to the hurricane repairs will cost more than buying new. I see your point from a lenders perspective but two months seems impossibly fast to start looking, and motivated buyers settle or get taken advantage of. I am seeing nothing related to several hard credit pulls within 30 days not affecting the credit score. I'd like a source on that. What I see is a 10 point reduction on your credit score for the first pull, the second can drop your score by a lot more (I have heard 75 or more points for some) despite the "buffer". The one to two year mark on the credit report is also of concern. Since we don't and won't know what actually influences credit scores but have a "sense" of what might affect it, I don't see a smart solution. Example: I got a credit card last year and my credit score has not recovered yet. I pay my bills on time, fully. I have watched as utilization of credit at all damages the score with soft pulls. Seems like this is a game to get people into a loan that they will never pay off with damaged credit.
I think we are miscommunicating. I do not expect people to find and close on a house in two months. It can happen but I also have buyers who shop for years when they are in a tight market . My point was that if you are not looking to move until a year then I would not do a full underwrite until you are going to start looking. If you are going to start looking now then YES yours should compare lenders and get preapproved. please check this out as it is very informative and covers the credit window as well www.consumerfinance.gov/owning-a-home/explore/contact-multiple-lenders/
I am a direct mortgage lender, but also have the ability to broker if need be. As a direct mortgage lender, I have like 9 to 10 investors in house and sell direct.
Yes, you should 100% ask them that. So many people claim to be a VA expert and they’ve closed one per year. It’s really outrageous. Keep in mind they could totally lie to you as well so definitely I have some VA videos that give you some test to see if they know what they’re doing. Check out my free va course. Www.nostressva.com
My dad, is a veteran but he only gets like 1300.00 a mth that's his only source of income. Will he qualify to use VA... He doesn't have any other debt... About how much would he qualify for?
I’m looking to close no later or earlier than February. Is it too early for me to reach out to lenders? I’m interested in working with you as an option
For February, I would say at the earliest start talking to lenders at the end of November, but really it should be the first week of December. You can always grab a time on the calendar and we’re happy to answer your questions. I just wouldn’t do a credit pull or application until you’re little closer
The problem is lenders try and confuse you. Even if you ask them a specific question they talk in circles. Then they give you a loan scenario sheet that confuses even more. You can’t get an accurate estimate until you go under contract and get a real loan estimate and most people can’t wait that long for accuracy because we need to know if we can afford it before we ever go under contract. It’s very difficult to navigate the mortgage loan process because they are all saying something different. I’m a veteran and have been shopping with 3 different lenders and honestly I don’t trust what any of them saying. One of them is rocket mortgage . One lender gave me a rate which was higher than the par rate and said shop around and they would beat any offer. How bout you give me your best shot from the start instead of making me go ship around and then send you a loan scenario from another company that probably isnt transparent either. lol it’s a shit show.
So you’re basically just saying all reviews are fake because you know people who would get their friends to review them? If you’re good at your job, people will review you without asking. Just saying.
Get a buyers agent. It can be legally time consuming and if you make a mistake the buyer will pay. This is a big investment, Negotiate with your buyers agent to get a fair commission.
We have the privilege of working with your team. At the end Jen Anderson told us that the other lender was offering a better rate (6.35% vs 7%) But, what a pleasure to have her as a lender. We were shopping and compare rates with 4 different lender. We told everyone since the first chat that we were shopping, Jen was very understanding. We had other lender who was super mad when we told him we found a better rate, he even told us that we were using him and his knowledge and after all his effort we decided to go with another lender. Crazy, right? But so different with Jen. Definitely considering the team when the time to refinance arises.
I 100% agree ( as always) with everything you said!
( I hate when realtors play lender and try to give you a monthly payment without even knowing your situation)
Thanks for the great videos!
:)
Thanks Jen! Your wealth of knowledge and integrity is appreciated. New sub.
Thank you. I appreciate:)
You have a terrific personality !!! Very helpful videos. I’m a veteran in California needing help purchasing a home.
Thanks Joe. It was good chatting with you today!
A proper loan import & T up, with running credit soft pull, running work # and IWS.. issuing a pre-approval is fine.. I wouldn’t run a hard pull bc things can happen and now they aren’t ready to buy.
Ask about par rate when you get pre-approval offer
You sound sincere and hope you are.
Look forward to chatting!
I have applied for 2 diff lenders. Gave me preapproval for diff amounts. Almost 85-100k difference on the approved amount. Idk who to pick?
Do not pick a lender based off of the preapproval amount. Some lenders Max qualify which is not a good thing. You want a Lender who will talk to you, go through the closing cost payments as well as how they qualified you.
That’s true but people do have their friends give reviews
As home buyers, we both need to shop around and we can't be having every lender do hard pulls of our credit. It's not our fault that those pulls affect our credit score. And those scores are the very thing lenders are looking at.
You can shop multiple lenders within a 30 day window and it doesn’t hit your credit score. A
I honestly don't believe I've ever seen anyone as knowledgeable as you on any subject given
Thank you:) I have been doing this for a looonngggg time.
Very helpful, but do you go to the lender directly, or via a mortgage broker?
We are direct
@@JenniferBeeston Ok thanks. Because I'm seeing conflicting opinions about that.
Talk to a few different types of lenders. There is not one segment that gives better deals etc. It depends on the loan officers . Check out this article www.consumerfinance.gov/owning-a-home/explore/contact-multiple-lenders/
How do new lenders get business if you think no one should use them if they have no reviews?
Red flag! I seen does on the 🏁 🏎 car convention competition!!!!! More than one red flag!!!
I have a closing date sep 12th located in SC Greer area.(740K)
Just 40days left. Can you help me choose best lender? How can I reach you?
I am at 707-478-0637 a lender can easily close that time. Most of the time it’s 30 days or less. I am back in the office Monday
Are you licensed in AZ? Do you know about NACA or have you closed on a NACA loan?
I am licensed in AZ but naca loans are only done through Naca
I like this topic ❤
*48 -States......
*What state are you in......
*Thank you for your information.....👍
I lender Everywhere but Rhode Island and Utah:) I am in Florida.
Hello, you are a VA loan lender? I’m looking to purchase in Alabama in the next three months. And I want to work with someone well versed with VA loans.
Yes I am:) feel free to give me a call or jump on the calendar. calendly.com/jennifer-beeston/va-loan the calendar
Question: What types of properties do you lend on?
Great question Russ:) houses, condos, multi units, manufactured, townhome
Really I just don’t lend on co-ops and commercial realestate and mixed use
😞💔
Apr don't know what that means!
Who has cheaper rates brokers or direct lenders?
First time home buyer, I am looking to move within a year. It seems that a hard credit pull from several lenders will damage my credit score enough to cause a problem when it comes to an actual approval after the fully underwritten pre-approvals from three or more lenders. What do you advise?
I would only start comparing lenders rates and having credit pulled if you are looking at shopping within the next 2 months.
Most lenders do a soft pull upfront. We only do a hard pull to do a full underwrite which is what i recommend as it is the strongest level of preapproval. Most lenders do not do this though so... Also you can have multiple lenders do a hard pull in a 30 day window and not have it affect your credit. I would not suggest a full underwrite or hardpull unless you are shopping within the next two months
@@JenniferBeeston Two months??? With inventory this low.. this sounds like a marketing pitch. In the past two years I have been monitoring local markets and seen over valued homes go on and off the market very quickly. The homes that stay on the market seem to have severe issues, some completely gutted, or falling apart during an attempted flip where someone ran out of money to restore. Now due to the hurricane repairs will cost more than buying new. I see your point from a lenders perspective but two months seems impossibly fast to start looking, and motivated buyers settle or get taken advantage of.
I am seeing nothing related to several hard credit pulls within 30 days not affecting the credit score. I'd like a source on that. What I see is a 10 point reduction on your credit score for the first pull, the second can drop your score by a lot more (I have heard 75 or more points for some) despite the "buffer". The one to two year mark on the credit report is also of concern. Since we don't and won't know what actually influences credit scores but have a "sense" of what might affect it, I don't see a smart solution. Example: I got a credit card last year and my credit score has not recovered yet. I pay my bills on time, fully. I have watched as utilization of credit at all damages the score with soft pulls. Seems like this is a game to get people into a loan that they will never pay off with damaged credit.
I think we are miscommunicating. I do not expect people to find and close on a house in two months. It can happen but I also have buyers who shop for years when they are in a tight market . My point was that if you are not looking to move until a year then I would not do a full underwrite until you are going to start looking. If you are going to start looking now then YES yours should compare lenders and get preapproved. please check this out as it is very informative and covers the credit window as well www.consumerfinance.gov/owning-a-home/explore/contact-multiple-lenders/
Are you lender or broker?
I am a direct mortgage lender, but also have the ability to broker if need be. As a direct mortgage lender, I have like 9 to 10 investors in house and sell direct.
Is it appropriate to ask a lender how many VA loans have they processed in a year?
Yes, you should 100% ask them that. So many people claim to be a VA expert and they’ve closed one per year. It’s really outrageous. Keep in mind they could totally lie to you as well so definitely I have some VA videos that give you some test to see if they know what they’re doing. Check out my free va course. Www.nostressva.com
Do you license in Florida
Yes I am licensed in Florida and happy to help 786-933-2077
Hi Jennifer. Do you lender in TX? If yes, would you be then considered an online lender?
Yes I lend in Texas and no I am not an online lender. I am a retail lender licensed in 48 states:) Give my team a call 786-933-2077
Thank you for your response Jennifer❤️
My dad, is a veteran but he only gets like 1300.00 a mth that's his only source of income. Will he qualify to use VA... He doesn't have any other debt... About how much would he qualify for?
It depends on where he lives and how much property taxes and insurance are.
@@JenniferBeeston Thanks for your response he is looking into relocating to Arkansas.
Hey I’m having a problem that you might can help me with
Give me a call tomorrow 707-478-0637 :)
Who sponsored ur company?
I work at rate mortgage. www.rate.com
I’m looking to close no later or earlier than February. Is it too early for me to reach out to lenders? I’m interested in working with you as an option
For February, I would say at the earliest start talking to lenders at the end of November, but really it should be the first week of December. You can always grab a time on the calendar and we’re happy to answer your questions. I just wouldn’t do a credit pull or application until you’re little closer
Here is the link. We are happy to help you plan etc calendly.com/jennifer-beeston/preapproval-q-a
The problem is lenders try and confuse you. Even if you ask them a specific question they talk in circles. Then they give you a loan scenario sheet that confuses even more. You can’t get an accurate estimate until you go under contract and get a real loan estimate and most people can’t wait that long for accuracy because we need to know if we can afford it before we ever go under contract. It’s very difficult to navigate the mortgage loan process because they are all saying something different. I’m a veteran and have been shopping with 3 different lenders and honestly I don’t trust what any of them saying. One of them is rocket mortgage . One lender gave me a rate which was higher than the par rate and said shop around and they would beat any offer. How bout you give me your best shot from the start instead of making me go ship around and then send you a loan scenario from another company that probably isnt transparent either. lol it’s a shit show.
I have very similar experience with lenders. This remind me dealing with used car salesmen.
Bad ones can be avoidable.
Yes a little research can save a lot of heart ache
@@JenniferBeeston
@@JenniferBeeston Yes, Thanks! 😇
Loving the emojis
@@JenniferBeeston Thanks for the compliments! 💘
Anyone can get friends to do reviews , I never ask for reviews I do fine
So you’re basically just saying all reviews are fake because you know people who would get their friends to review them? If you’re good at your job, people will review you without asking. Just saying.
Get a buyers agent. It can be legally time consuming and if you make a mistake the buyer will pay. This is a big investment, Negotiate with your buyers agent to get a fair commission.
What? You made absolutely no sense at all.
Hi my name is Kaleb
Hi Kaleb
Hi My Name is Tin Man