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Signs Your Mortgage Lender Has High Fees and Is Overcharging You (Sneaky Lender Fees To Avoid) ⚠️🏠 

Jennifer Beeston
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#mortgages #mortgagelender #lenders
Clearly, I love doing loans! Need a mortgage or want to chat about your scenario? I am licensed in 48 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
TikTok @jenniferbeeston
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Jennifer Beeston, SVP Mortgage Lending NMLS 247743 at Guaranteed Rate, Inc. NMLS 2611
Branch Address: 4863 Old Redwood HWY, Suite D, Santa Rosa, CA 95403
Equal Housing Lender - For licensing, go to www.nmlsconsumeraccess.org
Top 1% in the nation 2016-2021
More Helpful Content:
Home Loan Basics: • Playlist
VA Loans: • Playlist
Real Estate Breaking News: • Playlist
Mortgage Rates/Refinancing: • Playlist
Mortgage and Home Buying: ru-vid.com...
www.zerostressmortgage.com
NMLS #247743 Guaranteed Rate NMLS 2611
www.guaranteed...
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Equal Housing Lender - www.nmlsconsumeraccess.org
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, MS-247743, MT - 247743, NC - I-189119, ND - NDMLO247743, NH - Licensed, NM - Licensed, NV - 66544, NY - Licensed, OH - MLO-OH.247743, OK - MLO20600, OR - 247743, PA-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
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.
help buying a home, Jennifer Beeston, Guaranteed rate, mortgage lending, first time home buyer, real estate, VA loan first time home buyer, first time home buyers tips and advice, first time home buyer tips, first time home buyers, mortgage broker, mortgage rates, VA loans, VA mortgage, VA loan explained, VA loan for investment property, VA home loan, how VA loans work, VA home loans, VA home loan process, VA loans 2020, mortgage rates 2020, VA loans explained, VA loan

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12 сен 2022

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Комментарии : 111   
@leens4190
@leens4190 Год назад
Jenn and her team are amazing! Have spoken to Alyssa and Jenn A., and they’re super friendly, transparent and kind. Best wishes to all those currently in the lending phase of buying a property 🤞🏽❤️
@JenniferBeeston
@JenniferBeeston Год назад
❤️❤️❤️❤️
@melissabarton8510
@melissabarton8510 Год назад
I have been licensed as a LO for sometime and have been following your content just to give me confirmation that there are still decent legit people in the industry. I left a top heavy retail branch because it didn't feel right when we are able to do better for people now. Unfortunately, in my market I haven't been able to get reestablished or get my message out like you are doing on this page. Great that you are keeping it real.
@queenofallusa5391
@queenofallusa5391 Год назад
Which company did you leave if you don’t mind me asking? I just left Rocket
@melissabarton8510
@melissabarton8510 Год назад
@@queenofallusa5391 Hey I was with Success Mortgage Partners under their top producing branch manager
@davewhite9828
@davewhite9828 Год назад
I have a phone call scheduled with her on the 22nd. She seems likely to steer me in the right direction. This will be my first home purchase and I'm confused on a lot of different things and don't trust many people when it comes to my money.
@johns20901
@johns20901 Год назад
You’ll be in good shape with Jen and her team. They helped me get my first place in late 2020. I had checked out a number of online lenders and am so glad I went with Jen and G Rate.
@thenewwayhome
@thenewwayhome Год назад
It's inflation, they say. "Prices are high, so our rates should be high, too." People should really beware of this kind of people. It's a great thing you presented this issue. Great work!
@myson04
@myson04 Год назад
I love your honesty and I'm so glad you're licensed in CA!
@JenniferBeeston
@JenniferBeeston Год назад
Thank you so much Phedan !! (:
@buzzerbaby
@buzzerbaby Год назад
I love your candidness on your videos, hopefully will be relocating next year sometime and hoping to get in touch with you next month to start preparing.
@byamukamaoliver966
@byamukamaoliver966 Год назад
This point is priceless and the example is super ... Thank you so much .
@frankielinse9107
@frankielinse9107 Год назад
Thank you Jennifer! You are so helpful!
@JenniferBeeston
@JenniferBeeston Год назад
Thank you!
@frankielinse9107
@frankielinse9107 Год назад
@@JenniferBeeston Just spoke to your team! Thank you!
@josecolon8143
@josecolon8143 Год назад
You are describing bankers and lenders in Puerto Rico! Please come and save us, Veterans need your help!
@sammeya5324
@sammeya5324 3 месяца назад
Listing Jenn on one of the people I watch to educate myself about real estate purchase. I just found out too late. My offer got accepted already and our closing date is too soon so I’ll work with the lender I have. I remember you mentioned Texas is your #1 state. Can you make a video about texas grants DPA with VA loan? Also, where do you even know the market stuff to base the lender fee so we know where to find it? Say here in North Texas. I thought origination fee varies on house prices. I remember them saying with one grant the origination fee is 1% of thr purchase price.
@JenniferBeeston
@JenniferBeeston 3 месяца назад
DPA is its own world and has fees that vary based on the program
@chubbyteddymonsterproducti1320
You rock Jen!
@abdulmannan-lr6cc
@abdulmannan-lr6cc Год назад
Love ur videos. I really appreciate for all that u r doing for people.
@JenniferBeeston
@JenniferBeeston Год назад
I appreciate that! Thank you for watching! (:
@user-pr6rt2vv9b
@user-pr6rt2vv9b 2 месяца назад
Verygood
@Carlos-m9f
@Carlos-m9f 29 дней назад
🎉
@RandySavage_
@RandySavage_ Год назад
When you were saying 17k for closing costs are high what price range home is that for? I just bought a home for 410k and their lender fees were like 3k but he got me a 4.25% interest rate. The 17k included the like $8,000 a year for taxes in escrow
@queenofallusa5391
@queenofallusa5391 Год назад
You can choose to not escrow your taxes and insurance which would probably be a better option because you’re paying interest off of that additional $8000 for your taxes which is being added to your principal amount.
@queenofallusa5391
@queenofallusa5391 Год назад
Also I would look at a breakdown of your closing costs less the taxes and insurance. There would be $9000 left, what is that consisting of?
@gonzalorodriguez7940
@gonzalorodriguez7940 Год назад
Hello ! Love the channel ! After following your tips I was able to download the app you recommended but I’m not able to see the rates … am I missing something ?? Any help would be much appreciated !! TIA !! PS- Utah is patiently waiting for you…….
@JenniferBeeston
@JenniferBeeston Год назад
They are currently redesigning the app. There is a whole new one coming out in a few months.
@thevlogspotwithyolanda345
@thevlogspotwithyolanda345 Год назад
Wow 😮 just went through this mess with a lender on RU-vid who claimed he could get anyone a loan....long story short he was charging $35,000 for the loan. My husband and I declined immediately. He never mentioned it until before closing.
@JenniferBeeston
@JenniferBeeston Год назад
I know who this lender is. He is a trash can. So many scammer lenders on RU-vid
@thevlogspotwithyolanda345
@thevlogspotwithyolanda345 Год назад
@JenniferBeeston it's horrible to be such a liar. I want to post under those videos but I don't.
@JenniferBeeston
@JenniferBeeston Год назад
You should so other people don’t get deceived or just leave him a google review
@thevlogspotwithyolanda345
@thevlogspotwithyolanda345 Год назад
I will leave a Google review for sure👍
@jenjen5184
@jenjen5184 11 месяцев назад
@@thevlogspotwithyolanda345please tell me who it is?
@joelballard4955
@joelballard4955 Год назад
So awesome. I just asked a dude at rocket mortgage to tell me your fees. He couldn’t. Either he was lazy or not competitive.
@JenniferBeeston
@JenniferBeeston Год назад
Happy to help. Yeah its crazy how a simple question stumps lenders and it is a reallllll easy question. For instance my lender fee is $1440 on all loans except for VA as we waive our lender fee on VA. Easy right:)
@joelballard4955
@joelballard4955 Год назад
@@JenniferBeeston then you will love this. I work for Textron, we are supposed to have a relationship with Rocket mortgage where they give us a discount or money back at closing due to the affiliate program. But this idiot could not even give me basic information. Unbelievable. And not my first rodeo. My next land/house/ purchase will be my 10th. I'm always trying to stay informed. Thanks for what you do.
@Makinja
@Makinja Год назад
Good info. btw what items are included in the Lender fee?
@astridjolie4330
@astridjolie4330 Год назад
I'm trying to purchase a new construction in sumter Florida. I haven't made an offer yet? They are offering a lot of incentives to use their lender? Uhhh..? 💁🏽😳
@JenniferBeeston
@JenniferBeeston Год назад
Always compare with another lender as sometimes those incentives you are paying for with higher rates and fees
@jenjen5184
@jenjen5184 11 месяцев назад
I’m thinking of doing the same thing now, did you use their lender? How’d it go?
@adamnaughty
@adamnaughty Год назад
my lender was $1 0,000 thnak you i asked many lender and they dont really response
@sapphire6107
@sapphire6107 Год назад
I see home prices are dropping but because of increasing interest rates, the monthly mortgage payment is still tight even for those who get qualified. I wonder if there is a little breather next year?
@JenniferBeeston
@JenniferBeeston Год назад
I am hoping for a rate breather mid next year but this is 100% crystal ball territory
@stephenking9305
@stephenking9305 Месяц назад
Hey Jen, can you let me know how the mortgage lenders get paid?
@nellyc3828
@nellyc3828 10 месяцев назад
My lender is charging me 3.25% in origination fees which total around 11K... I find this very expensive, is negotiable?
@JenniferBeeston
@JenniferBeeston 10 месяцев назад
Sounds expensive. Call me 707-478-0637.
@user-le5jy4nv1e
@user-le5jy4nv1e 2 месяца назад
Mine is charging 4.25%
@Splenda2021
@Splenda2021 Год назад
Thx rockstar
@iMattBlack
@iMattBlack Год назад
My lender totally wore sweats to our first date. Ugh!
@JenniferBeeston
@JenniferBeeston Год назад
🤣🤣🤣🤣. I am assuming you dumped them
@abdulmannan-lr6cc
@abdulmannan-lr6cc Год назад
My bad..I found it in the description...
@csg777ca
@csg777ca Год назад
Hi Jennifer. I just found your channel and I'm incredibly impressed with your content. I followed your link to schedule an appt/consultation but the calendar said no availability for September. When does the October calendar open, I wasn't able to select a different month. Thanks!
@JenniferBeeston
@JenniferBeeston Год назад
I am so sorry about that. I will look into calendar issue. Please give me a call 707-478-0637 and I am happy to chat. Otherwise calendar issue should be resolved on Monday.
@lvnn6198
@lvnn6198 11 месяцев назад
Im being charged over 7k originatoon fee for a 55k loan....thats sketch right? I asked then about it and havent heard back in hours
@JenniferBeeston
@JenniferBeeston 11 месяцев назад
That’s really nice crazy high
@MelanadeBeauty
@MelanadeBeauty Год назад
My lender charging me $1,666 in Maryland in todays market is that normal price or ???
@JenniferBeeston
@JenniferBeeston Год назад
Depends on interest rate. Happy to look at loan estimate. Email to beeston@rate.com
@MrKelvin2230
@MrKelvin2230 Год назад
I almost went with waterstone mortgage, but during the process they never mentioned the fee or the rate. I decided not to buy so I never got that info
@messageinabottle8978
@messageinabottle8978 Год назад
🤣Best pickup line... "You got any money I can borrow."🤣. Seriously though 3 edicts that I tell my girls. 1. Never marry a poor man. 2. Never marry a weak man. 3. If you are straight you owe it to yourself to date at least one wealthy man.😀 Three edicts to live by.🤣.
@cpan2552
@cpan2552 Год назад
That's dumb! Is that all you're about? Sad
@akila219
@akila219 Год назад
What if a broker keeps telling you they have the largest lender out there, doesn’t provide a loan summary/brekdown) after i sent him a loan summary from another lender, keeps asking me email back the info on us (pay stubs, etc) he asked for, keeps saying they are the lowest
@JenniferBeeston
@JenniferBeeston Год назад
If they are so low why won’t they show you numbers?
@akila219
@akila219 Год назад
@@JenniferBeeston yeah, he keeps on calling me to send back the infos he asked for. i told him, the builder hasn’t given us an exact move-in date yet only an estimate around August or September. what do you think ‘bout Shea Mortgage and NFCU? Thanks for all the responses, pretty much been watching all your vids.
@belindacheatham9140
@belindacheatham9140 Год назад
Question: I want to buy on the lake front in Chicago. There are very few, very few condos approved by VA. Is there a one time waiver?
@JenniferBeeston
@JenniferBeeston Год назад
I have not seen the one time waiver but I heard rumors of it. We can often get them approved but the HOA has to be willing
@belindacheatham9140
@belindacheatham9140 Год назад
@@JenniferBeeston can I get an estimate without my ssn to see what I qualify for? Do not want my credit rating to go up before I pick a lender.
@dbsellsaz
@dbsellsaz Месяц назад
The rate is whatever the client wants to pay for it. Any lender can bake their pay into the rate and charge $1,400 to the client. What is the lender paying you? Your making it sound like your getting paid $1,400 total to do the loan. That’s a little bit misleading isn’t it?
@JenniferBeeston
@JenniferBeeston Месяц назад
Welcome to the channel, I have quite a few videos on how lenders get paid. I suggest you go watch them if you have any questions:) The point of this video is that if your lender won’t talk about their rates and fees, it’s because they’re high. Also, if my rate is lower and my fee is lower, it actually does not matter what I get paid because the buyer is still getting a better deal than if they went with another lender.
@bumbut7891
@bumbut7891 Год назад
Thanks for the video, please let me know if the credit report fee went up. I got a loan estimate with high fee $199 for credit report fee, is it fair
@JenniferBeeston
@JenniferBeeston Год назад
That is crazy. You are getting ripped off. Credit reports should be under $30
@AJENKINS1920
@AJENKINS1920 Год назад
OMG..didn't know to ask
@pubgmike2130
@pubgmike2130 Год назад
I thought the fee was 1-2 percent of the purchase price ?
@JenniferBeeston
@JenniferBeeston Год назад
NO
@davidchavez81
@davidchavez81 11 месяцев назад
I can't find an answer to my question. My mortgage company has itemized the closing fees and they seem to violate the 1% threshold. Will the VA ultimately certify the closing costs or is it possible for the mortgage company to "sneak" some fees by here and there without much accountability?
@JenniferBeeston
@JenniferBeeston 11 месяцев назад
Check Box a as that is where lender fees are. They could do 1% origination and discount points and be within compliance. You need to look at rate, lender fee and discount points. Happy to look at for you. email to beeston@rate.com
@OhxSnapples
@OhxSnapples Год назад
Hi Jennifer, My mortage lender is requriing me to purchase a 12% mortgage insurance coverage with a monthly mortgage insurance premium rate of TBD. is this normal?
@JenniferBeeston
@JenniferBeeston Год назад
Depending on downpayment yes. If you are putting down 20% no
@OhxSnapples
@OhxSnapples Год назад
@@JenniferBeeston I see, thanks for the reply and your expertise!
@sioneteumisinale1299
@sioneteumisinale1299 Год назад
Aloha, Do you do mortgage’s in Nevada?
@JenniferBeeston
@JenniferBeeston Год назад
Yes I do an would love to help! 707-478-0637
@4everyoung16
@4everyoung16 Год назад
Hi Jen, I don't know if you see my message. If a lender asked for a small upfront fee of $75 for credit report, Is that a good sign?
@JenniferBeeston
@JenniferBeeston Год назад
They marked up the credit report and are showing you a credit for it now.
@4everyoung16
@4everyoung16 Год назад
@@JenniferBeeston I’m in the early stage, just spoke to them no papers had been submitted. You might be right, I asked about lender’s fees and they never answered it. Have you heard of C2 financial. For investment properties they quoted me at rates of 6.99-7.5 with 20-25% down and closing cost at 2-2.5 of purchase price. What is your opinion? I might give you and your team a try when I’m ready.
@sidandsof12
@sidandsof12 Год назад
I'd love to show you the fees I was recently charged. Bought a second home one month ago @ 6.5% and paid 3 points. All the other fees are confusing me.
@queenofallusa5391
@queenofallusa5391 Год назад
😖 6.5% is really high my dear. You were charged 3 points on a really high interest rate that doesn’t make any sense. Is this your second home (you live in less than 6 months and 1 day out of the year) or an investment property? I’m an LO and just curious
@sidandsof12
@sidandsof12 Год назад
@@queenofallusa5391 yes. 2nd home.
@sidandsof12
@sidandsof12 Год назад
@@queenofallusa5391 put
@EastCoastReefer
@EastCoastReefer Год назад
That is insanely high.
@joeyd8294
@joeyd8294 4 месяца назад
What's your origination fee???
@JenniferBeeston
@JenniferBeeston 4 месяца назад
As of 2024 $1640 On Va loans it is waived
@jahzicarino992
@jahzicarino992 Год назад
Do you work with clients in Northern California?
@JenniferBeeston
@JenniferBeeston Год назад
Hi! Yes I do! You can call me 707-478-0637 or schedule a mortgage consultation with me here: calendly.com/jennifer-beeston (:
@josielancaster7095
@josielancaster7095 Год назад
Awesomeness
@JenniferBeeston
@JenniferBeeston Год назад
Thanks Josie;)
@adamnaughty
@adamnaughty Год назад
do you have a good lender for Arizona
@JenniferBeeston
@JenniferBeeston Год назад
I am a lender licensed in Arizona. 707-478-0637
@russlea6383
@russlea6383 Год назад
Do questionable lenders wear Sketchers on their feet?
@JenniferBeeston
@JenniferBeeston Год назад
lol Russ it would be great if they did so buyers could spot them
@user-ee5om8wy7u
@user-ee5om8wy7u Год назад
But why scams like these are even legal?
@JenniferBeeston
@JenniferBeeston Год назад
If you are about to go to a new job tell your lender asap and provide them the offer doc for the new job. We can use that income in many situations.
@AJENKINS1920
@AJENKINS1920 Год назад
what is your opinion on the 203k loan
@DeborahSkipper-sk4hb
@DeborahSkipper-sk4hb 24 дня назад
She has not answered yet, but I can. The 203k is an Excellent loan if you need to go FHA! The home does not have to be sub-standard either. You may want things it does not have (there is a reasonable list of what you can not if you are rolling it in as well) or the home may be perfect but you need for it to be handicap accesible from inside or outside.
@messageinabottle8978
@messageinabottle8978 Год назад
😀 yeah I don't like scams.
@krey1458
@krey1458 5 месяцев назад
This is a a cam
@anthonyiannozzi6777
@anthonyiannozzi6777 Год назад
For $800 a month I would pay someone to workout for me.
@JenniferBeeston
@JenniferBeeston Год назад
lol I feel ya
@adamnaughty
@adamnaughty Год назад
Zillow lender fe. is charging me $6500 ……would you have good lender in Arizona
@Hardstyler981
@Hardstyler981 Год назад
Can you lend for lots aswell?
@JenniferBeeston
@JenniferBeeston Год назад
We do not do lot loans
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