You guys should start explaining the difference between your credit scores and mortgage scores! Having a 650-700 credit score does not mean your mortgage score is 650-700 ! It could be 590 or less! Please get THIS message out so people won’t be misled like I was!💯
I just dropped my lender and withdrew my application because my loan officer was never available and never answered the phone. The last thing I needed to happen was for my loan to fall through while under contract. Especially being that I am a healthcare traveler.
Good call! You 100% want to be fully underwritten as that will make your life way easier. We are here if you need us 707-478-0637 or www.zerostressmortgage.com
Thanks for explaining this. I think my lender used to be a dentist because she pulled my teeth for 30 days after I was given a clean checkup. (Pre-approval) 🤐
I have made poor choices, but I have a steady solid income, I just want to prequalify for small house or mobile home, but since I have nothing to offer for a down payment, nobody will talk to me.
We were approved for 300k va loan but the house we are interested in is 325K our realtor said to see if a conventional would be more beneficial. Is that an option 🤔?
I would chat to your lender about going up to 325. I don’t see how conventional would make sense as it is more restrictive on debt to income. Feel free to call me and let’s pull rates to see if you are getting a good deal. I am on pacific time 707-478-0637
I’m trying to learn about this whole process and it’s so confusing. I am very nervous to make a call and embarrassed by my lack of understanding on the topic.
I'm not planning on buying a house until around july-august. I want to get a pre-approval done just to see where I stand and if I will qualify for a loan. Ive been working on credit and savings. Is it too soon right now to get a pre-approval?
Thank you for all this helpful information. I am going through loan approval process right now. I found the house, I really like and I going through the loan approval with the builder preferred lender as they offer some incentives to go through them. Do you recommend I get a second approval with a different lender? I already signed the purchase agreement so I may be to far in the process. I am a first time home buyer so trying to figure things out. Anyway, thanks for sharing all the great knowledge.
Always good to have another lender peek at what they are offering to make sure it is a legit deal. If you want my team to look at their loan estimate we are happy to. Just email to alyssa.sarras@rate.com
Loans are done electronically now and lenders communicate via telephone, email and text. It does not matter what zip code your lender is but whether they are an expert and if they will perform.
I want to be on your team OR a team like yours. I am currently enrolled in the pre - Licensing program for MLO. Any advice on how to start working without experience. This is what I want to do, so I'm prepared to learn a lot and work smart/hard
they have to look at everything in your credit reports and the types of your income and your loan types. And they have to verify/double check so ballpark still means nothing b/c they dont want to give you false hope
Generally If your son is a minor we can use if it goes to you or if you are the guardian. With your wife to use hers we would need to add her to the loan.
Ms Beeston, this is Thomas Johnson, we spoke in the past about a V A Loan but it had to to be put on hold due to surgery, then I lost your number can you help? thank you.
I've got my pre-approval letter from my bank and signed the offer letter from the owner of the house with the lawyer's consent. My question is, what is the next step or process in this? My bank has my bank statement showing my downpayment and closing payment, but it's been a week now, and I haven't heard from the lender. Given that my turnover is on May 1, 2024.
Never hurts to just touch base with your lender and see if there’s anything they need. Generally the lender would reach out to you if they need something I would make sure you’re checking your email, but always good to have open communication with your lender or Lending team.
I was saving money to buy a house this month but my car broke down today. I need to buy a new car to get to work. Since I will be soon financing a car soon can I still buy a home or should I wait 6 mos?
Hello Jen, this is jay again been watching your videos for almost a year now. Honestly your way of explaining is wow!!! If someone is not thinking to buy a house they will start thinking 😅 Great video. Question: if I am planning to buy this year in September when should I start the paperwork with your team? How long the approval is good for?
Thank you Jay!:) We should get you preapproved late June:). Preapproval good for 90 days but easy to update and credit is good for 120 days. For a September close you want to be shopping in July and august. Closing is less then 30 days but there may be the perfect house in July but not august etc
My husband and I are PCSing to Norfolk in May and want to buy a house (first time buyer). We are currently overseas. How early should we apply for a preapproval?
Im confused i got pre approved from two lenders. One was a manual underwriting for $140,000. And then one was automated approval for $150,000. Y did i get flagged for manual and never got flagged for the second one for $150,000???
If it’s the individual loan officer, you are working with great if it is just the companies reviews you’re reading that doesn’t mean anything just to clarify
Hey Jenn, I hope you had a good holiday season. Question, are yall familiar with Texas Veterans Land Board exemptions. I'm trying to research a VLB loan inside of a VA loan and outside. That .5% discount on rates is such a massive incentive, but it's so hard finding a broker that is familiar with it.......
I am planning to buy a house in NC with 30000$ in hand with credit score 780+. Am I eligible to get pre-approved? Is pre-approved will effect to credit check? They will soft or hard check?
I have no idea if you will qualify without looking at your entire file. We start with a soft credit check, but if you’re doing a government loan, we really should do a hard check as the soft checks throw false negatives. If you’re doing a conventional loan generally a soft check fine to get a general idea, but to be fully underwritten we need to do a hard check. If you’re serious about getting a house, I always recommend getting a fully underwritten preapproval.
I explained what my preapproval processes with my team it varies based on Lender. All lenders preapprove differently so to pretend there was one way everyone does would be a lie.
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You guys should start explaining the difference between your credit scores and mortgage scores!
Having a 650-700 credit score does not mean your mortgage score is 650-700 !
It could be 590 or less!
Please get THIS message out so people won’t be misled like I was!💯
I have a video on how credit Karma is never right but great call I will do a short. TY!
I had no idea.
Greatly appreciate your "NO-BS" videos they are so helpful and reassuring.
Exactly why I'm contacting her.
Thank you!
I filled out the application today. Awesome folks have called me and answered my questions.
❤️❤️❤️
I just dropped my lender and withdrew my application because my loan officer was never available and never answered the phone. The last thing I needed to happen was for my loan to fall through while under contract. Especially being that I am a healthcare traveler.
Good call! You 100% want to be fully underwritten as that will make your life way easier. We are here if you need us 707-478-0637 or www.zerostressmortgage.com
😊😊😊😊😊❤😊😊😊😊😊😊😊
Just discovered this channel a day or two ago and subscribed. this is my new favorite channel. I've learned so much.
Thank you ❤️❤️
I made major tax deductions last year and I still qualified for a home with a major bank. I’m glad I got past that requirement.
Congrats that is great!
I’ve never come across content as engaging as yours, well done!
Thank you so much, Joe! I really appreciate that
Thanks for explaining this. I think my lender used to be a dentist because she pulled my teeth for 30 days after I was given a clean checkup. (Pre-approval) 🤐
hahahahah good one Russ! Hope you are well!
really good video. super helpful and straight to the point. also made me very interested in your company
I feel like I was right there talking to you. Thanks for this video!
Happy to help:)
Jeniffer do you have any videos on questions to ask lender for land/lot loans, can you utilize VA for land/construction purchasing. Thanks!
I have made poor choices, but I have a steady solid income, I just want to prequalify for small house or mobile home, but since I have nothing to offer for a down payment, nobody will talk to me.
My team will always chat with you and help you plan. Grab a spot calendly.com/jennifer-beeston/preapproval-q-a
🔥🔥this was outstanding! Tysm for sharing
Are you licensed in VA? How do we find lenders who do a pre-underwrite?
I am licensed in VA and happy to do a fully underwritten preapproval. Www.zerostressmortgage.com
I need to talk with you. I had a couple episodes with my home buying process.
You can call me at 707-478-0637😊
@@JenniferBeestonI'll be in touch
We were approved for 300k va loan but the house we are interested in is 325K our realtor said to see if a conventional would be more beneficial. Is that an option 🤔?
We have the difference.
I would chat to your lender about going up to 325. I don’t see how conventional would make sense as it is more restrictive on debt to income. Feel free to call me and let’s pull rates to see if you are getting a good deal. I am on pacific time 707-478-0637
I’m trying to learn about this whole process and it’s so confusing. I am very nervous to make a call and embarrassed by my lack of understanding on the topic.
Don’t be embarrassed. None of this is taught in school. My team and I are happy to walk you through the process. 707-478-0637 is my number
02:45 nice dolphin impression!
I will have to rewatch. I do spend a lot of time in the water
I'm not planning on buying a house until around july-august. I want to get a pre-approval done just to see where I stand and if I will qualify for a loan. Ive been working on credit and savings. Is it too soon right now to get a pre-approval?
Jenn, how long is my fully underwritten pre approval good for once completed by your team?
Preapproval 90 days but easy to update. (You don’t have to start from scratch we just update income and assets) Credit is good for 120 days.
Would a loan originator send a loan to underwriting if they thought it didn’t have a chance?
Yes we see it in the industry all the time
How long it normally take to get an approval I apply with a lender almost 3 weeks ago and haven’t heard back from them!
If you have heard nothing you need to reach out to them as maybe they never got your app.
Will an out of sight out of mind account with 50k make any difference in structuring a loan or getting a lower rate?
Thank you for all this helpful information. I am going through loan approval process right now. I found the house, I really like and I going through the loan approval with the builder preferred lender as they offer some incentives to go through them. Do you recommend I get a second approval with a different lender? I already signed the purchase agreement so I may be to far in the process. I am a first time home buyer so trying to figure things out. Anyway, thanks for sharing all the great knowledge.
Always good to have another lender peek at what they are offering to make sure it is a legit deal. If you want my team to look at their loan estimate we are happy to. Just email to alyssa.sarras@rate.com
How complicated can it become using a lender operating in another state if there are issues?
Loans are done electronically now and lenders communicate via telephone, email and text. It does not matter what zip code your lender is but whether they are an expert and if they will perform.
@@JenniferBeeston Thank you!
Once your team fully underwrites a loan does that mean everything is good and there’s no chance of the loan not closing?
If something changes like your income or assets for the worse after we approve it can still go sideways.
I want to be on your team OR a team like yours. I am currently enrolled in the pre - Licensing program for MLO. Any advice on how to start working without experience. This is what I want to do, so I'm prepared to learn a lot and work smart/hard
Thank you! Appreciate you! Banks and credit unions are the best place to start your career as they have training programs etc..
Is there was a way for lenders to give a ballpark figure of what i can qualify for so I can make an informed decision about the pre-approval process ?
they have to look at everything in your credit reports and the types of your income and your loan types. And they have to verify/double check so ballpark still means nothing b/c they dont want to give you false hope
If i am approved $400 including downpayment and sellers cost in new Jersey, can i start looking for house for 400k
Hard to say without knowing who approved you. If my team did let me know your full name via text 707-478-0637 I cant tell by your screen name.
Nice info:)
Thanks for watching! :)
My wife and son receive disability. Is there income added with my income or not pertaining to the mortgage amount approved ?
Generally If your son is a minor we can use if it goes to you or if you are the guardian. With your wife to use hers we would need to add her to the loan.
Whether this is you or an assistant, thank you for responding.
Ms Beeston, this is Thomas Johnson, we spoke in the past about a V A Loan but it had to to be put on hold due to surgery, then I lost your number can you help? thank you.
My number is 707-478-0637. Happy to chat Monday
How does this process differ for new construction
I've got my pre-approval letter from my bank and signed the offer letter from the owner of the house with the lawyer's consent. My question is, what is the next step or process in this? My bank has my bank statement showing my downpayment and closing payment, but it's been a week now, and I haven't heard from the lender. Given that my turnover is on May 1, 2024.
Never hurts to just touch base with your lender and see if there’s anything they need. Generally the lender would reach out to you if they need something I would make sure you’re checking your email, but always good to have open communication with your lender or Lending team.
Thanks for the advice ❤
Hello jen, my name is Louie, recently started watching your videos, do have license to operate in az.
I love you! Thanks for this video.
Thanks for watching! :)
I was saving money to buy a house this month but my car broke down today. I need to buy a new car to get to work. Since I will be soon financing a car soon can I still buy a home or should I wait 6 mos?
Depends on overall credit profile
@@JenniferBeeston my credit is fair zone but you say never buy a car when buying a house
Hey Jenn: Do you work with CA USDA loans and Down payment 2nd (non-pay till refinance or home sold)?
Hi Jen ,
hi
Hi jenn, do you offer itin loans in Ca? Thank you
I do not offer those at this time.
What if a lender wants to go through the application process in person?
Very 1920. If you are into that go for it. We do everything online and over the phone and it is fast
@@JenniferBeeston good 2 know, tks 4 replying
Hello Jen, this is jay again been watching your videos for almost a year now. Honestly your way of explaining is wow!!! If someone is not thinking to buy a house they will start thinking 😅
Great video.
Question: if I am planning to buy this year in September when should I start the paperwork with your team? How long the approval is good for?
Thank you Jay!:) We should get you preapproved late June:). Preapproval good for 90 days but easy to update and credit is good for 120 days. For a September close you want to be shopping in July and august. Closing is less then 30 days but there may be the perfect house in July but not august etc
Perfect!
My husband and I are PCSing to Norfolk in May and want to buy a house (first time buyer). We are currently overseas. How early should we apply for a preapproval?
If you want the house ready to move into on May I would say getting preapproved early February is the latest. Happy to help
@@JenniferBeeston Thank you Jenn! I will be sure to let my husband know. Hope to get in contact with you soon!
I'm retired Army. I don't think that it's a good idea to buy when you need to PCS every three or four years.
do you do loans for Florida
Hey Jen question I’m in Florida when I get pre-approved for a home can I take that letter anywhere in the state of Florida?
Most of the time realtors and lenders keep dragging their feet and you feel like you’re wasting time
#facts
Do you guys work with manufactured homes?
Yes as long as they are on a perm foundation
Can you get me in touch with a lender that will work with 100%disable veteran 484 credit score? The va doesn’t require a credit score.
From canada.please tell if creditors can put a lien on home for statue barred debt??
No idea on Canada mortgages.
Shout out to the Terminator!
lol I will let her know:)
Hi Jennifer, Is there such thing as an upfront small fee for credit report by a lender?
I know you asked her but yes however you will get it back at closing if charged.
To start the preapproval process www.zerostressmortgage.com
Text me at 707-478-0637 after you apply with your full name:)
ACTIVASION.
Im confused i got pre approved from two lenders. One was a manual underwriting for $140,000. And then one was automated approval for $150,000. Y did i get flagged for manual and never got flagged for the second one for $150,000???
I would wonder if the 150 is legit. Lenders don’t do manual underwrites for fun.look at the reviews of both loan officers and ask them about it
@@JenniferBeeston u got me worried so I did some digging. The $150,000 lender has hundreds of positive reviews.
If it’s the individual loan officer, you are working with great if it is just the companies reviews you’re reading that doesn’t mean anything just to clarify
You can fully underwrite!! But those people that keep sending me those damn socks said that was not possible.😆😆😆😆
Wish i knew about this ch sooner :( sigh
Whew she can talk..... great information though. I'm going to call her lol
My loan officers never spoke to me like this😢
I want to buy a home this is my second year in business, how much salary do I need to make to buy $500k-600k home
Hey Jenn, I hope you had a good holiday season. Question, are yall familiar with Texas Veterans Land Board exemptions. I'm trying to research a VLB loan inside of a VA loan and outside. That .5% discount on rates is such a massive incentive, but it's so hard finding a broker that is familiar with it.......
We generally beat them since they have a 1 pt origination fee and we don’t.
Can you offer a full underwrite if buyer is relying on seller to pay for closing costs?
Yes we fully underwrite with a condition being a full seller credit for closing
Verygood
Thankyou!:)
Hi i am an amazon part time for one year does this qualify me when i apply for a loan
I work in a restaurant full time but 15$ per hour
We would use your restaurant job, but not Amazon as you do not have a two-year history of having to jobs
@@JenniferBeeston thanks but some ppl say that some lenders can consider part time after one year
Its not just part time but also a 2nd job as well. Always good to explore multiple lenders
I am planning to buy a house in NC with 30000$ in hand with credit score 780+. Am I eligible to get pre-approved?
Is pre-approved will effect to credit check? They will soft or hard check?
I have no idea if you will qualify without looking at your entire file. We start with a soft credit check, but if you’re doing a government loan, we really should do a hard check as the soft checks throw false negatives. If you’re doing a conventional loan generally a soft check fine to get a general idea, but to be fully underwritten we need to do a hard check. If you’re serious about getting a house, I always recommend getting a fully underwritten preapproval.
Amen
My credit is to mest up i wish i could get are own house
Start trying to just build a good credit history meeting no more lights. One year without lates can help a lot.
Link to the calendar calendly.com/jennifer-beeston
It's the cheap part for me 🤣🤣🤣🤣
🤣🤣
So basically this video was just an infomercial for you and your team.
I explained what my preapproval processes with my team it varies based on Lender. All lenders preapprove differently so to pretend there was one way everyone does would be a lie.
This is to much information
Huh ?