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3 Signs You Are NOT Ready To Buy a House In 2021 w/ US Top 50 Mortgage Lender Jennifer Beeston

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Are you ready to buy a house? You are if you have these three things ready to go! I am so passionate about this I even wrote an article too!
jenniferbeesto...
#mortgageadvise #homeloan #buyingahome
Clearly I love doing loans! Need a mortgage or want to chat about your scenario? I am licensed in 46 states for purchase and refinances. Here is how to contact me:
1) Book a call with me: calendly.com/j...
2) Apply for a mortgage now at www.zerostressmortgage.com If you apply please text me your full name and email address letting me know so I can look for your app:) TEXT 707-478-0637
3) Call me 707-478-0637
Instagram - jenbeeston
Facebook - jenniferbeestonmortgage
Jennifer Beeston, SVP Mortgage Lending, Guaranteed Rate, Inc.
Top 1% in the nation 2016-2020
*Proudly Offering Purchase Loans + Refinances in 46 states!!!
More Helpful Content:
Home Loan Basics: • What is a Short Sale? ...
Loan Programs: • VA Mortgage Loans - St...
VA Loans: • VA Mortgage Loans - To...
Real Estate Breaking News: • FHA Loan & VA Loan Cha...
Mortgage Rates/Refinancing: • Is NOW the Best Time t...
State License Numbers: AK - AK247743, AL - 72998, AR - Licensed, AZ - 1007541, CA - CA-DOC247743, CO - 100516570, CT - LO-247743, DC - MLO247743, DE - MLO-247743, FL - LO66900, GA - 70357, HI - HI-247743, IA - 33839, ID - MLO-2080247743, IL - 031.0054184, IN - 41478, KS - LO.0039219, KY - MC717200, LA - Licensed, MA - MLO247743, ME - Licensed, MI - 247743, MN - MN-MLO-247743, MO - MO-247743, MT - 247743, NC - I-189119, ND - NDMLO247743, NH - Licensed, NM - Licensed, NV - 66544, NY - Licensed, OH - MLO-OH.247743, OK - MLO20600, OR - 247743, SC - MLO - 247743, SD - MLO.08498, TN - 205478, TX - Licensed, VA - MLO-40552VA, VT - VT247743, WA - MLO-247743, WI - 247743, WV - LO-247743, WY - 8203
Branch Address: 4863 Old Redwood HWY, Suite D, Santa Rosa, CA 95403
GR NMLS ID 2611 www.nmlsconsumeraccess.org
NMLS Consumer Access - www.nmlsconsumeraccess.org
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information.
All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate, Inc. Guaranteed Rate, Inc. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.
Guaranteed Rate, Inc. is a private corporation organized under the laws of the State of Delaware. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture or any other government agency.
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24 авг 2024

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Комментарии : 169

@DirectConnectBoxTruck 3 года назад

One of those scolding talks us future home buyers need to hear. Great video!

@JenniferBeeston 3 года назад

It’s all love and the next steps. No scolding:) thank you

@Branbrina Год назад

Are you supposed to pay medical collections that have been on credit for 4-5 years before you can buy a house?

@brandonminer1492 2 года назад

Guys. Study finance. I hate to say it but if you have a bad habit of overdrawing your checking account, you aren't ready to buy a house. In fact, you aren't ready to buy anything. In fact, stop buying everything except for absolute essentials. (Food, gas, rent, etc). Keep track of every dollar that comes in or goes out. This generation is open minded and caring, and although the current housing situation is not our fault, we still must take ownership. Peace

@sherrimamounis5184 3 года назад

I just became a follower because I am looking to purchase a home in the next 2 years. I hope to have Jennifer be my personal guide to buying a home! Jennifer just got my cousin a preapproval in Florida even though he lives in Ohio. I'm excited since I am an insurance agent in OH, PA, NC, and Texas I have been watching so many of my clients and now family buy homes. I thought, it's time for me to see what the fun is all about!! Oh, I'll have to get licensed in Florida for my cousin! I'm Loving it!!!

@JenniferBeeston 3 года назад

Welcome Sherri!:) I would love to chat about your business. We are always looking for good people to help clients with insurance.

@sherrimamounis5184 3 года назад

@@JenniferBeeston That would be awesome! If you are avaiable next week I would love to chat and also talk about my future plans to buy a house. Watching your videos definitely helped but everyone's circumstances are unique! :)

@benbooker9114 Год назад

It’s 2yrs later, curious did you ever by your home???

@letslearnmore24 3 месяца назад

Thanks, Jen, you help me to understand everything about buying my first home. Could you please create a video for A First time home buyer? Thank you very much!

@paulcardone481 3 года назад

Great videos for a prospective first home buyer. I learned so much today. I think I watched almost all your videos

@JenniferBeeston 3 года назад

I am glad the videos have helped:) when you are ready to get preapproved you know where I am;)

@barnabycarion3247 2 года назад

Amazing!! Answered literally every question I had this morning. Thank you very much.

@PLT123 3 года назад

Just discovered you, love your videos! First time home buyer here about to get a piece of the pie. Thanks for all the great information. New subscriber😁

@JenniferBeeston 3 года назад

Thank you:)))

@49Macman 3 месяца назад

Really good stuff. Thanks.

@JenniferBeeston 3 месяца назад

happy to help!

@49Macman 3 месяца назад

@@JenniferBeeston Thank you for your quick reply! I'm in a slightly different situation. I am looking for equity. The house is in my name for this purpose. I am in the process of buying my childhood home from my siblings. I gave them a big down payment and have been paying $600.00 a month for at least 14 mos. However, they want the big payment soon or I need to sell. My credit score is excellent and my DTI is 29%, but was told by a banker I have a chance to get it, but I should get some more part time work to pay off line of credit (more than minimum) and this should give me a great chance! I currently give private instrumental lessons and due to covid my numbers were down. Now they have picked up exponentially. I see similarities in what you are saying, so thanks again.

@Korre84 Год назад

GATDAMNIT you're good. I subscribed and will be using you in December 2023

@JenniferBeeston Год назад

Thankyou! Look forward to working with you:)

@alexandraadams2070 3 года назад

Awesome video...very informative. Love your hair...great colors!!!

@JenniferBeeston 3 года назад

Thank you!

@GenX2.0 2 года назад

I love your shhhhpill on "I will never co-sign for anyone...no, no way. No. Nope. Not even my kid. Nope." Hilarious!!

@MarthaMartinez-ez4vd 2 года назад

i love your channel really informative

@JenniferBeeston 2 года назад

Thank you!

@MarthaMartinez-ez4vd 2 года назад

@@JenniferBeeston Once im ready, saved up and got my scores higher you will def be hearing from me to help me buy my first house.

@gethighonlife11 3 года назад

At least 5 people were doing those "no no's" that you mentioned while trying to apply for a mortgage, i.e. not paying bills on time, cosigning without taking responsibility for missed payments, etc.

@JenniferBeeston 3 года назад

Probably more then 5

@GoodV1bez 2 года назад

I’m impressed

@johngeorgewashington1416 3 года назад

Happy New Year..

@JenniferBeeston 3 года назад

Same to you

@sayladytea 3 года назад

AMAZING video I learned a lot for my mortgage/home preparation.

@JenniferBeeston 3 года назад

Glad it was helpful!

@chasehartmann5074 3 года назад

My spouse is a doyen. We have really done a few good on our credit reports. We have been trying to raise our scores to mid-800 his score is 519 while mine is still in the high 500’s. (I think is 536 currently.) I also have a judgement against me for a credit card. The judgement doesn’t appear anymore on my credit report, I assume because it’s over 6 years old. I’m pretty sure it didn’t just “go away”. All effort to increase my credit score and eliminate all the negative items on my report proved abortive until I saw good remarks of how this credit expert ''Michael Gibbs'' had helped people. Here is his contact [Gibbs@creditpatchup.com]. He did a monumental job by helping us raise our credit score to 826 and 814 respectively and removed all the negative items replacing them with beautiful tradelines. Just a couple of days after, we fixed agreement. Thanks am highly indebted Jack. He can be reached via his email for fast response [Gibbs@creditpatchup.com]..

@denatipton2103 Месяц назад

Great video but what if I suspect I want more than I believe I can afford. Wish they had 60 year loans or something.

@user-pr6rt2vv9b 3 месяца назад

Veryvery correct

@JenniferBeeston 3 месяца назад

ty!

@jrwheeler81 2 года назад

Love this! My husband and I are currently in the process of buying our second home. I'm a 1099 independent contractor, which I've been for over 8 years (but I've been working in the same field for almost 20 years) and my husband is a W2 employee. I make just over $80k per year as an independent contractor, which our bank statements and my 1099 forms can substantiate, but our loan officer also asked me for a copy of my contract from the company I work for, which I was able to immediately send to him and he was able to get us a preapproval. I have stellar payment history on all of my credit cards (I'm totally OCD about my credit) as well as my current mortgage and auto loan with 100% on time payment history and no collections. We are currently in underwriting and I'm a nervous wreck! I think we'll be good, but it's still super stressful until you get that official green light!

@miajones6160 3 года назад

Great video! So helpful

@novembercherry4 Год назад

I’ve been looking to buy our first house for about 4 years. Then I went on furlough for a year and a half. I’m assuming I’d have to start from scratch since I just got back to work Aug 2021? We’re planning on staying in the apartment for one more year, so we can save up more money.

@s.j.5850 3 года назад

Great information on what goes on from the lender's point of view.

@JenniferBeeston 3 года назад

Thank you:)!

@zunedog31 3 года назад

Never co-sign under any circumstances. Ever.

@JenniferBeeston 3 года назад

100%

@sokhasen8146 2 года назад

I co signed with my father and it works.

@MRIDDLE72 2 года назад

My Mother had co-signed for me a for car. 3 year lease no problem. What’s the issue? Y’all sound selfish

@zunedog31 2 года назад

@@MRIDDLE72 Having someone co-sign for you is different, it's a great deal and let's you walk away from the loan if you want to. Obviously it's stupid to take the other side of that.

@yeahright007 Год назад

My husband co-signed for my in-laws’ house. Now I am worried that we are about to start getting pre-approved, it might affect us.

@panamacitybeachbum 4 месяца назад

Gorgeous

@marisolquiroz3211 3 года назад

You are the best !!

@JenniferBeeston 3 года назад

Thank you!:)

@geraldmanzanaresjr2561 Год назад

Seems like I'm ready

@JenniferBeeston Год назад

❤️❤️

@malcolmwoods5598 3 года назад

I'm a 1099 and have tax returns for the past 2 years... I've unfortunately been showing as many deductions as possible every year to pay fewer taxes and now that I'm seriously looking at purchasing my 1st home (VA) in early 2022, should i reconsider taking as many deductions in order to show a larger NET income?? Will that even carry weight being that the past 2 tax returns will be considerably less than what will end up being my most recent return next year? Thanks for the outstandingly informative videos! You're a real one stop shop for all things mortgage related!

@JenniferBeeston 3 года назад

Thankyou. We do a two year average of income. In regards to your taxes I would always suggest you fill them out honestly. That will lead to a proper qualification.

@Shanearenee313 3 года назад

Thank you for this information it was really helpful. I also have a question about overdraft protection. I sometimes inadvertently pay my credit card bill with my low balance account and it causes an overdraft transfer. How would this affect my home buying process?

@JenniferBeeston 3 года назад

Don't do that. Pad your lower account so overdraft does not kick in. Otherwise we have to explain why you are constantly hitting on overdraft protection which is akin to being overdrawn you just prepared for it. Overdraft protection is for emergencies only.

@Shanearenee313 3 года назад

@@JenniferBeeston Thank you so much I appreciate the advice. All of your videos are so helpful.

@chasehartmann5074 3 года назад

@Blocktob1 Год назад

Your videos are great! I am looking forward to our scheduled talk soon. Is there anything I should have for the meeting?

@JenniferBeeston Год назад

No special prep needed:) chat soon!

@shadorismartin 3 года назад

Jennifer, on your upcoming VA Wednesdays can you clarify how lenders look at active duty military transitioning to civilian and how you guys view income/jobs. Please and thank you! My husband and I plan to get federal/state jobs in the same field of work we are doing in the military.

@JenniferBeeston 3 года назад

Yes definitely!

@shadorismartin 3 года назад

@@JenniferBeeston thank you !

@chasehartmann5074 3 года назад

@fredswartley9778 2 года назад

So for self employed people, are you looking at the gross income or net income on the tax return? The net income often doesn't reflect the true amount of wealth earned.

@JenniferBeeston 2 года назад

Net with some add in's

@johngeorgewashington1416 3 года назад

My account at Wells Fargo that I had over 5 yrs I never had one overdrawn ..even when budgeting I pay minimum due if Im not sure if I know I may go over my budget if I had alot of transactions ..its easy to mistake one ..My credit is near 700 going up every month but its no where near where it should be..

@louisedunmore2117 6 месяцев назад

What if you did a consolidation loan? Would that affect my ability to purchase a new one?

@Joy-sp3il 2 года назад

Wow well said, I fully understand everything all that was said this is the kind of information I need thank you are in the Philadelphia area?

@JenniferBeeston 2 года назад

Happy to help. I am licensed in Philadelphia:)

@Joy-sp3il 2 года назад

@@JenniferBeeston great! Then we can work together

@JenniferBeeston 2 года назад

@@Joy-sp3il Sounds good;)

@roseg1333 7 месяцев назад

I’m still confused as to what assets are not like another house and boat right? Like a savings account with a good amount saved? 😅 sorry still trying to understand this all 😊☺️

@et8865 3 месяца назад

Is it good to pay off your credit in full before the due date? Which will always show a 0 balance every month. Making it look like the card isn't used. Is this a good idea?

@JenniferBeeston 3 месяца назад

Paying off your credit card every month in full should always be the goal. I do before the due date as I like a time cushion in case auto pay fails etc...

@et8865 3 месяца назад

@@JenniferBeeston ok thx a million

@cassie3051 7 месяцев назад

It seems like the system is against people owning a home. Look at how many barriers that you mentioned. If a person can pay rent for 10 years they can own a house. People may have to look for people who want to do business with them, instead of keeping them from owning a home.

@JenniferBeeston 7 месяцев назад

Hi Cassie, my entire channel is designed to help people get into a house. There really are not many barriers.

@BrokeAgain Год назад

so basically make sure you can afford it

@tfptravel.food.peace.3788 Год назад

Question: what if you've never paid on your student loan? Would that disqualify you?

@JenniferBeeston Год назад

If they were due and you never paid them that is not good but if they have been deferred and not had to pay them then that is fine.

@nicolet.rainer1605 3 года назад

I pay my credit card bills on-time and in-full each month; I can pay cash, but I like to build-up cash back points. From a mortgage lending perspective is this practice frowned upon? How many months before I apply for a mortgage should I just stop using credit cards altogether -- 6mos. out?

@JenniferBeeston 3 года назад

if you pay off your bills in full every month your score should be pretty darn high. I do the same thing but when I am getting ready to buy a house I pay my credit card of weekly two months before I pull credit just because when the bureaus pull I don’t want to have a high balance. It is not necessary to do this but it can help and if you pay it off monthly then increasing to weekly should be no big deal

@applejack2911 2 года назад

What about if you've paid your Rent of $1400 a month on time the last two years never been late once? Documented. If I can pay 1400 dollar rent on time for two years, I surely can pay a 1100 dollar mortgage on time. Why don't they consider that?

@JenniferBeeston 2 года назад

We have to go by debt to income. Payment history is important but it does not trump debt to income calculations ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-fKwtjKdd2D4.html

@sarins100 Год назад

Hi Jennifer, I like your channel, super informative. I have a question for you, in the las 4 years I worked as a salaried employee, then the 5th year I started getting pay by hour , 40 hours a week with OT. Do I have yo wait another year to build a history of income stability before applying for a first-time loan mortgage? Thanks

@JenniferBeeston Год назад

We can use the 40 hours of week now but the overtime we do need a 2 year history. Sometimes you can get an exception to use overtime with a one year history but it is rare

@latricenettles4514 Год назад

Can you please do a video for travel/contract nurses. I am a travel RN now local contracted and I am hearing that it is very hard to get a loan.

@arzelaascoli9189 2 года назад

I have been working as an adjunct at a university for the past few years with an average yearly salary of 20 k (ish) in the last two years. I secured a new position (at the same school; in fact, my teaching duties will be the same as before) with a nine-month salary of 48k that begins in mid August. Would I be able to use the 48k figure for the basis of a loan when the semester begins?

@RTPRESSUREWASHING 7 месяцев назад

Hey Jerry, quick question how does it work if you have VA disability and also own a business and write stuff off??

@nekaybew 3 года назад

Can you do top va lenders?

@JenniferBeeston 3 года назад

No because it is a conflict of interest as I am a VA lender

@MomofFour24 Год назад

My husband was active duty Navy for 11 years, then went to trucking school and got his CDL. When we file taxes in 2023 he will have been with his company for 1 year. Will this make us denied for the VA loan?

@JenniferBeeston Год назад

If he is w2 and pay is consistent (salary or hourly) it should be fine. If he is self employed, by the load or by the mile, 1 year taxes would be an exception

@MomofFour24 Год назад

@@JenniferBeeston thank you for the quick response!

@paulinelaporte3256 3 года назад

New subscriber here. Can you please cover the process of mortgage loan for spec home?

@JenniferBeeston 3 года назад

Like with a builder only doing one home? Or for a subdivision?

@paulinelaporte3256 3 года назад

@@JenniferBeeston for a subdivision please. Btw, thank you so much for creating these videos. You’re making everything easy to understand too. They are super helpful for people who didn’t have too much knowledge on this process. They need to show your videos to everyone who wants to own a home.

@JenniferBeeston 3 года назад

@@paulinelaporte3256 :) I am glad they are helpful. Yes I can 100% do that video. Keep an eye out for it next week!

@paulinelaporte3256 3 года назад

@@JenniferBeeston so looking forward to it! Thank you sooo much!

@brendanmcanally3309 2 года назад

what about tip income? my gf is a server and were looking to buy our first house we both have 15 grand saved but for her income does she turn in her tip recipts?

@JenniferBeeston 2 года назад

Needs to be shown on taxes or w2

@carolmeehan1083 3 года назад

What about someone in the military?

@JenniferBeeston 3 года назад

In what regard?

@rosel2054 3 года назад

we apply but deny by fannie mae, my husband is retired and i dont have a job, i hope u can help us

@JenniferBeeston 3 года назад

Did the lender try freddie mac?

@Prophecyzonewatchmen 2 года назад

Can I use my VA benifits money for Income? I am at 100% rating.

@JenniferBeeston 2 года назад

VA disability income yes we can 100%

@bacritotopmodel4217 3 года назад

Do you need to have a saving before buying a house??

@JenniferBeeston 3 года назад

Unless you qualify for a VA loan then yes. Even then you need to have some money in the bank to cover inspections and appraisal. Also whenever you buy a house there are closing costs and counting on the seller to pay them is not super realistic based on what I am seeing in the market.

@bacritotopmodel4217 3 года назад

@@JenniferBeeston Thank you for the infos. I real lile your video

@chasehartmann5074 3 года назад

@Xtremeproducts 3 года назад

#NoOverdraft

@damicapayne8064 3 года назад

what if i dont have any debt ? i was told i need some kind of debt in order for my credit to raise

@JenniferBeeston 3 года назад

Depends on loan type

@bnicolette81 2 года назад

Hi Jennifer, if I agreed to pay off my car loan over a 72months period, but paid it off in 15 months, is that frowned upon?

@JenniferBeeston 2 года назад

Not frowned upon but paying off early closes the tradeline and if you have limited credit it can adversely affect your score

@carleevastano902 2 года назад

my boyfriend and I want to buy a house but, im worried about my past credit history. i’m 25 now but when i was 19 i opened two credit cards maxed them out and never paid them cus i was young and dumb. however i recently got a credit card that i put my own money on to rebuild my credit along with a target credit card and i have never missed a payment. do you think i could still be approved even if i have a past of bad credit.

@JenniferBeeston 2 года назад

Depends on where your score is but yes you should be fine with rebuilt credit. I made the same mistake decades ago.l so I feel ya. You need to rebuild credit and then score will come into play

@jeffreynegapatan 2 года назад

my wife has consistent bonuses on top of her base salary as promised and on paper…but she just got promoted february…can that be included for preapproval or just the base salary?

@JenniferBeeston 2 года назад

If the promotion increased her base we can use it. If it is just a higher prospect of a bonus she would need to earn it first. Hope that makes sense

@Hall_theway Год назад

I do not agree with your forbearance comment. I worked a w2 job and ended up having to go into forbearance due to that job furloughing me. Now i am self employed and can totally afford to buy a half a million dollar home. COVID hit us all, and i think most lenders will look at every aspect of that when making determinations.

@JenniferBeeston Год назад

That video is over a year old when people in forbearance were trying to buy additional homes. If you have recovered after that period it is not a problem as lenders look at the whole situation.

@kathyodaniel4044 Год назад

In wanting to buy.... However I have no taxable income (no tax returns) disabled widow, ln working on my credit... What do I need to do to quality I'm pursuing a v.a. loan

@Xtremeproducts 3 года назад

#GoodCredit

@romeostarlite21 3 года назад

Self employed clients make me cry some days, they report a way higher income but at the end of the day, there's always less verified after reviewing tax documents and they get mad at me hahaha

@JenniferBeeston 3 года назад

Welcome to my world lol. If you ever find a way to get them not to yell let me know.

@romeostarlite21 3 года назад

@@JenniferBeeston 😂😂😂😂😂😂😂

@Xtremeproducts 3 года назад

#Workstability

@JSmith-yk4rt 3 года назад

You emphasized 40 hours per week or at least a consistent amount of hours weekly. I’m a medical professional, I typically work 3 days a week 12 hours per shift (36 hours). However, I graduated 6 months ago. Would I be able to use my time in school as income since I work in my field of study?

@JenniferBeeston 3 года назад

Yes and as long as the 36 hours are guaranteed you are good. The only part it gets tricky with medical is if the hours are not guaranteed or you are per diem. Per diem/ON call would kick you into a two year average but this sounds like you are guaranteed 36 so you should be good. We work with a lot of medical staff.

@KP-cd6pf 2 года назад

How do gig-type jobs affect your income amount? If you have a full-time job for more than 2 years but recently started working part-time with random hours in a gig(Uber, Instacart, etc) can your lender use that additional income to supplement your full-time salary?

@JenniferBeeston 2 года назад

I have a video on this:) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-26NwmMvOZmI.html

@monicarenee7949 2 года назад

I’d be interested in watching her video next, but in my case the bank did not consider my gig income but he said I didn’t need that extra income to qualify for the house I needed a loan for. Especially if it’s not on past 2 years statements I know they won’t use it, but they may allow a larger debt to income because they know they aren’t considering certain income.

@franciscorios4616 Год назад

Why should I trust my money on someone who say “I wouldn’t co-signe for anyone “ to me this is a flag that tells me this person only thinks about getting richer at any cost. I wouldn’t co-signe for most of the people, but there are exceptions because if you care about other, sometimes you go beyond anything

@chaborrogp 3 года назад

if im making 100000 dollars a month im not going to need a mortgage Jennifer

@JenniferBeeston 3 года назад

lol you still will in California and other high cost areas:)

@chasehartmann5074 3 года назад

@franciscojavierpereza5104 Год назад

Hi i am a veteran with %40 disability rating at this point. Married with 2 children, not proof of income since I have not work for the las 14 year it is posible for Me to buy a house

@krystallove9768 3 года назад

What if my tax return in 2019 was lower then my actual salary because I took maternity leave? But 2020 shows my actual salary? Can I include 2018 as well to show my actual salary yearly?

@JenniferBeeston 3 года назад

If you are salary we will go off of that:)

@flamingooneleg77 3 года назад

If you think you’re salary’s not that good, then use carrots.

@paulchingh2873 3 года назад

If my based salary is 65k with OT It’s more can I used just my based and not income with OT

@JenniferBeeston 3 года назад

If your base is guaranteed yes

@paulchingh2873 3 года назад

Thank you

@rainbowsunshinekitty3953 2 года назад

Americans: Budget Smudget! 😂😂😂

@tokerpoker4641 Месяц назад

USA #1 🇺🇸

@realrainpoursx 2 года назад

At first thought you were the actress from She’s Out of My League 😂

@JenniferBeeston 2 года назад

hahahah I wish lol

@realrainpoursx 2 года назад

@@JenniferBeeston pretty dang close!

@michealsizemore1 3 года назад

If you have overdraft protection does it still count against you?

@JenniferBeeston 3 года назад

Ideally it is for emergencies only. Keep a cushion in your checking too

@michealsizemore1 3 года назад

@@JenniferBeeston Cool. Will do.

@BambooScar Год назад

Insufficient these are a scam it should be illegal, I don’t mind paying interest of an overdraft amount for the number of days that I am in the negative

@jannelan9312 3 года назад

Hi there! I am a brand new license real estate agent considering to leave my current hourly job and go full time as a Realtor. If I do that, do I need to wait the 2 years to qualify for a conventional loan to purchase an investment property with at least 25% down? Also, are you license in the state of TX? Thank you in advance! 😊

@JenniferBeeston 3 года назад

Hi Jannel, That is exciting! For a conventional traditional 30 year fixed we would want two years filed tax returns. You may be able to find a portfolio loan that will do one year.

@jannelan9312 3 года назад

@@JenniferBeeston Thank you! 😊

@IvanVelezVlogs 3 года назад

I make hourly with commission, I'm guaranteed to work 2080 hours a year and my income verification states that. My employer doesn't post my commission on w2 separately, they just add it to my base pay. For example, 2018 base was 15.3750/hr but year end I made 46k, 2019 17.40/hr but ended 55k, and 2020 19.1375/hr but ended at 74k... How would I qualify? Would they only take base or take my average?

@JenniferBeeston 3 года назад

We would use most recent hourly rate and average the hours over the last two years and use your two years most recent average on commission. If any section of income is declining we go with the decline. Let me know if that makes sense. If I was preapproving you I would order a written verification of employment from your employer to break down your pay types for last two years.

@chasehartmann5074 3 года назад

@zaddvang 2 года назад

What happen if we are in the process of building(employment as w2) and should be close with 3months, but other company offer you a new job with higher pay(working in similar field with w2). Is this going to affect your approval? Thanks in advance.

@JenniferBeeston 2 года назад

Should be fine but 100% check with your lender as it is specific to you and how the offer and new job is worded etc

@joaquinvelasquez6232 3 года назад

Can i used my 2 year of self employed plus a w2 in order to qualify for a mortgage?

@JenniferBeeston 3 года назад

If you have been self employed for 2 years and have had the w2 job for two years then yes. Check out this video on 2nd jobs ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-eV2KRmSNjH8.html

@chasehartmann5074 3 года назад