I expected my lender and his team to bring their A game. So, that required me to bring mine. Lying is not an option. I was very honest with my lender and that honesty helped them prepare in case the underwriter had questions. When they requested docs, I sent them within 30 mins to an hour. I anticipated the types of documents that might be needed by watching your videos. So I was prepared to provide any documents. I was originally set to close in 45 days. With the entire team ( Realtor, Lender, and me) bringing their A game, we closed in 20 days in California 2021. Be honest and available to your team.
Thanks Jen. After having a horrible experience earlier this year and it taking an emotional toll on me, once I found a great Agent and connecting with Julie from your team, the experience is so much better. Thanks for the videos.
Jen! I had the pleasure of meeting your dad at Ski Santa Fe yesterday! We happened to ride on the same chair lift. He’s very proud of you of you and I told him I watch your videos all the time (almost 2 yrs as LO) Thanks for sharing all your knowledge!!
Hi Laura, So nice to meet you!:) He is my inspo for my VA passion. Anytime you need anything feel free to reach out also you should 100% look at GR;) 707-478-0637
I love all this information Jen! I was wondering when you will have a dedicated playlist just dedicated to new Loan Officers? You could totally do a training course!
Hi I love your videos. I’m an underwriter and you are 100 percent correct on this issue. We do detective work and most times if we have the truth everything can workout we can work with it. We just need to know. Yes borrowers don’t start spending money and getting credit loans etc it just causes a huge wrench in you mortgage loan you really don’t need to have
You are funny 🤣 but I appreciate your videos I'm watching them all ! I'm new to the channel & I'm learning more knowledge before I get preappoved for my first home.
well, they shouldn't buy a house or apply the pre. approval letter yet if they're trying to play the game "lie to get it". That means you're not ready for it. Btw, love the video! thanks Jen,
Well I think that if they lie to someone else being you or anyone in the process I I think it goes back to the Shakespeare of saying unto thine own self be true and then you can't be false to any man so if they're lying to themselves they're in danger of probably lying to others because you're not going to treat other people better than you treat yourself and you know there's different like you said there's different levels Shades rather you know there's different there's types of Lies like if somebody gets up and says I'm going to do this and this and this and they only do three of those four you know a couple of them then they're trying to do the right thing but if they just say you know it's all depends on honesty and if you're doing something and and you you trying to deceive that's one thing but if you're just sloppy then you need to get organized you know so there's different motivations but pathological lying is I would think honestly I've said a lot but I think you you people are relying they need to wake themselves up and maybe if losing the money is is going to wake them up then yes they need to lose the money to wake themselves up so they'll learn lying is not okay
I was honest with my broker that I had job offers. She told me "I don't want or need to hear ANYTHING about ANY of that!" 😂 She sounded kinda miffed tbh but it took them over 55 freaking days to closd
Hi!! I love your channel!!! So informative for those who are learning about the mortgage world. I decided to stay in my job until I have the keys to my new house (and possibly stay a few more months in my job until I transition careers) but already moved in my house 🤞 I'm actually studying for my BBA in Finance but already have a BA in Psychology. I wanted to ask you what do you think about the NAMP bootcamp? I really want to be a loan mortgage processor and I love learning about it. I'm 27 years old and been contemplating to do the bootcamp and then apply to a loan mortgage assistant position. Could you give me your opinions on how to get started in the field? Also, im interested in applying for a loan with you! I wanted to do it through my bank which is BoA because of the grants they are currently offering but I've been researching other grant options in NYS. I have a good amount of savings but if I don't have a grant I would probably be looking to apply for a mortgage loan in 6 months and save some more for down payment and closing costs since closing costs are so expensive in NYS. Looking forward to your reply and sorry for the long comment 🙏🏼 thanks!
Great info, Does having a new job affects the chances of approval vs having a job for two years plus? I basically want to change jobs but im also thinking of buying in the next couple of months but I don't know if I should wait to switch jobs until a few months after burying ect.
Why must different lenders keep doing a hard pull? Why can they not just access the same initial pull within a 14 day window for instance? There ought to be a clearinghouse for lenders to post an initial pull, and to then access that database, to preserve a borrower from having the score fall a tier. Option 2: have them do a pull via MyFICO, at least for prequal
1) lenders don't share data. We are separate customers. its kinda like asking target to use your credit card Info from when you shopped at Walmart. 2) Why are you having a lot of lenders do preapprovals? I would just do like two and if they pull within 30 days it should not hurt your credit
@@JenniferBeeston I've not had any pull my credit. This is just a proactive question I had. Still looking like I'm in the savings stage, and in building a middle score in excess of 720
Jen got a question, We are buying a new build home, it will be ready in November have been and checking /waiting to lock in our interest rate. Yesterday rate was 3.375. Do you think this is good? Would you lock in at this rate? Or should I wait to lock in? What would you suggest. What is a good rate? Thanks so much for any info you can give me😊
When your not being up front and honest. The person is only hurting themselves in the process of purchasing a house. Your also wasting the time of the mortgage lender and realtor ,who has been there from the beginning. Not a good look at all.
I heard you have to at your job for a least 2 years to qualify for a mortgage. My wife work in a school for the last 7 years. What will be happens if we are already in the mortgage process and she get an offer from another school under the same role but making more money. Can she take that offer or she have to wait till the mortgage process goes through before starting that new job offer? Thank you for all your help.
