Loan With Jen podcast: Recent Episodes

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In this episode, we dive into the world of homeowners insurance. Let’s address a common concern: why are homeowners insurance premiums rising so sharply?

Different carriers might have varying rates based on the type and location of the property and the purpose of homeowners insurance is to cover repairs, rebuild homes, replace belongings, and sometimes cover injuries.

We stress the importance of understanding your policy details to avoid surprises during a claim. We also touched on the benefits of bundling policies and being cautious about opting for cheaper insurance that might not provide adequate coverage.

In this episode, you’ll learn:

• Reasons for rising homeowners insurance premiums
• Key components of homeowners insurance
• Tips on how to effectively shop for homeowners insurance
• The importance of knowing your policy details
• Insights into the potential savings from bundling insurance policies

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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If you're thinking about buying a house and you've sparked up your credit with Experian Boost, you might run into some turbulence. Turns out, lenders don't always see it as a good thing. They might ask you to take those boosted items off your report because they consider it manipulating the system.

Although this seems unfair, it's how our current system works, so this episode is meant to give you the facts from the lending side. Before you assume you are in the clear with your credit using an Experian Boost, make sure you understand the whole picture, especially if you're gearing up to buy a home.

In this episode, you’ll learn:

• What Experian Boost is and how it works
• The potential impact of Experian Boost on credit scores
• How lenders view Experian Boost and its implications for mortgage applicants
• The importance of understanding credit score adjustments before applying for a mortgage
• Strategies for navigating the mortgage process effectively, including the role of pre-approval

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Interest rates have been a topic of great concern for homeowners and buyers alike. The Federal Reserve recently held a meeting, and while they did not lower rates at this time, they hinted at potential decreases later in the year. However, with only six more meetings left in 2024, the window for action is narrowing. Economic indicators like a strong labor market and positive GDP numbers suggest that the economy doesn't need immediate stimulation, which complicates the timing of potential rate drops.

Despite this, there is hope that rates might decrease in the coming months. The looming political agenda also plays a role, as politicians aim to improve public sentiment by November. However, if rates do go down, we warn of a potential rush of buyers leading to bidding wars and inflated housing prices. This scenario echoes 2021, when affordable housing became scarce. Housing affordability remains a pressing concern nationwide, as buyers eagerly await lower rates and more inventory to enter the market.

In this episode, you’ll learn:

• Potential rate decreases later in the year
• How positive economic indicators influence the timing of future decreases
• How political agendas might impact interest rates
• How potential rate drops could lead to bidding wars and inflated housing prices
• How buyers are waiting for lower rates and more inventory
• How sellers' hesitation contributes to market challenges.

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Are you thinking about buying a home but unsure if now is the right time, or if waiting might be better? With home prices continually shifting, it's normal to question if they might drop soon, especially with changes in interest rates on the horizon. It's also crucial to consider the current housing inventory — is there an abundance of homes available, or are options limited?

Another important aspect to consider is how foreclosures impact the housing market and who is actually able to purchase homes in today's economy. Additionally, refinancing can play a significant role in your home buying process. It might enable you to buy a home sooner than you think by making the financing more manageable. A final piece of advice: don't put off getting pre-approved for a mortgage. The sooner you start working on improving your credit score, the better your chances of securing a lower interest rate and reducing your monthly payments.

Check out our resources below for important links!

In this episode, you’ll learn:

• Gain insight into the relationship between home values and interest rates
• Foreclosure trends and impact
• Home buying motivations amid high interest rates
• Future interest rate predictions and effects on buying
• The refinancing process and its benefits

RESOURCES:

ATTOM Article: Foreclosure Stats https://www.attomdata.com/news/market-trends/foreclosures/u-s-foreclosure-activity-continues-to-see-an-annual-increase/

Divorces All Time High: Revealing Divorce Statistics In 2024

Homeowners that are <5% Rate https://thehill.com/business/4404959-nearly-nine-in-10-us-homeowners-have-mortgage-rate-below-6-percent-report/#:~:text=More%20than%20three%2Dquarters%20of,3%20percent%2C%20according%20to%20Redfin

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Are you considering adding a co-signer to your loan application to improve your chances of approval? Incorporating a co-signer can indeed increase the apparent income on your application, potentially making you a more attractive candidate to lenders. However, the criteria for who can serve as a co-signer can vary significantly depending on the type of loan you are applying for.

For those looking into government-backed loans such as VA, FHA, or USDA loans, the requirements for co-signers tend to be more stringent. On the other hand, conventional loans typically have more relaxed standards when it comes to co-signers. As you navigate the complexities of securing a mortgage, it’s crucial to consider all the factors that lenders evaluate.

Check out our resources below for important links!

In this episode, you’ll learn:

• Understand the difference between a co-signer and a co-borrower
• Learn about the specific requirements for co-signers across different types of loans such as VA, FHA, USDA, and conventional loans
• Explore how adding co-signers can affect eligibility for USDA loans due to income limits in certain areas
• Discuss the stringent requirements for FHA loans
• Conventional loans offer more leniency in terms of who can be a co-signer

RESOURCES:

USDA Income Limits: https://eligibility.sc.egov.usda.gov/eligibility/incomeEligibilityAction.do?pageAction=state

FHA Loans: https://www.youtube.com/watch?v=SKsrC-dTUNQ

VA Loans, what you need to know: https://www.youtube.com/watch?v=zDrIhGre7_0&list=PLsjEjJAI2Tj9gJXmp6BND04G82sGoEDlt

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Exciting news for homeowners! President Biden's recent proposal promises big savings on refinancing by eliminating title fees for low-risk borrowers. This change, announced during the State of the Union Address, could significantly lower refinancing costs, especially in states where these fees are a major expense.

If you bought or refinanced your home in 2022 or 2023, you're in luck. With expected interest rate drops later this year, you could start saving on your monthly payments through refinancing. The key to unlocking these savings? Boost your credit score. A strong credit profile not only helps you avoid title fees under the new initiative but also ensures you get the best refinancing rates available.

Get ready to save by improving your credit today!

Check out our resources below for important links!

In this episode, you’ll learn:

• Understanding Refinancing
• Recent Changes to Refinancing Costs
• Steps to Refinance Your Mortgage
• The Importance of Credit in Refinancing
• Market Insights and Future Rates Predictions

RESOURCES:

Resources:

Market Report: https://youtu.be/UpsOKHzIK0o?si=mn9bcAeA3ui0zpdw

Interest Rates: https://youtu.be/9fsvlsuM40Q?si=o4onRONHiBF_48WS

https://www.fhfa.gov/Media/PublicAffairs/Pages/Director-Sandra-Thompson-Statement-on-Title-Acceptance-Pilot.aspx

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Ever thought owning a home was out of reach because your income isn't sky-high? Well, we've got some great news for you. The federal government has got your back with a special program that's like a helping hand to make your homeownership dreams come true, especially if your budget is tight. It's all about the USDA's 502 Direct loan, a gem that might just be your ticket to a place you can call your own.

We're going to dive into what the 502 Direct loan is all about, breaking it down so it's super easy to understand. No need to wade through government speak or financial jargon. We'll walk you through the essentials, like what the program is, who it's for, and most importantly, how you can apply. So, if you're in the 'low to median' income bracket and think homeownership is beyond your grasp, stick around. This info could be a game-changer for you!

Check out our resources below for important links!

In this episode, you’ll learn:

• What is USDA's 502 Direct Loan program
• Eligibility criteria for the USDA 502 Direct Loan
• Benefits offered by the USDA 502 Direct Loan program
• Guidance on how to apply for the USDA 502 Direct Loan
• Credit and income verification processes for the USDA 502 Direct Loan program

Must-listen moments:

[00:00:45] Who can benefit from the USDA 502 Direct Loan program.

[00:01:00] Zero percent down payment feature of the program.

[00:01:15] Details on the potential subsidy money to assist with monthly payments.

[00:01:30] Minimum income guidelines and their variance by county.

[00:01:45] Property eligibility requirements related to rural areas.

[00:02:00] Proving lack of access to safe and affordable housing.

[00:02:15] Requirement of the loan being for the primary residence only.

[00:02:30] Citizenship or eligible non-citizen status requirement details.

[00:02:45] Limitations on the property size and land associated with the program.

[00:03:00] Clarification on the inability to own another home while receiving this loan.

[00:03:15] Benefits of the program regarding interest rates and loan repayment terms.

[00:03:45] Yearly income verification process for continued subsidy eligibility.

RESOURCES:

Resources:

🔎 → Search Eligible Areas: https://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do

🔎 → Check Income Limits in Your Area, just click on your state: https://www.rd.usda.gov/sites/default/files/rd-grhlimitmap.pdf

🔎 → Your USDA Texas Office: https://www.rd.usda.gov/tx

🔎 → Info on the USDA Website: https://www.rd.usda.gov/programs-services/single-family-housing-programs/single-family-housing-direct-home-loans-6

🔎 → Certified Packagers: https://www.rd.usda.gov/programs-services/services/direct-loan-application-packagers

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Have you ever felt that pang of regret when a chunk of your investment gain ends up with the tax folks? Well, let's chat about the 1031 Exchange, a nifty strategy that might just be your new best friend in the investing world. Imagine keeping more of your hard-earned money to invest in the next big opportunity. That's the magic of the 1031 Exchange— allowing you to grow your investments instead of trimming them down with each sale.

Now, you might be wondering, "Is this 1031 thing for everyone?" Well, it's not a one-size-fits-all kind of deal, especially not for your cozy home. But if you've got an investment property and you're eyeing another, you're in luck. Curious about whether you can swap a rental house for an apartment complex? Or maybe trade a commercial space for a retail spot? We are here to guide you through these questions with clear, straightforward talk, no tax gibberish in sight. We'll walk you through the essentials of how a 1031 Exchange works, step by simple step, to make sure you're set up for success and savings on your next real estate venture.

In this episode, you’ll learn:

• What a 1031 exchange is
• What types of properties qualify for a 1031 exchange
• Primary benefit of a 1031 exchange
• Procedural steps involved in a 1031 exchange
• How 1031 exchanges work in various situations

Must-listen moments:

[00:00:45] What is a 1031 Exchange?: At this moment, the host provides a clear and concise definition of a 1031 exchange, setting the stage for deeper discussion.

[00:01:30] The Origin of '1031': The host explains why it's called a 1031 exchange, referencing the specific section of the Internal Revenue Code, which helps demystify the term.

[00:03:00] What qualifies as like-kind property, a core concept in understanding 1031 exchanges.

[00:04:00] The 1031 exchange is only applicable to investment or business properties, not personal residences.

[00:05:00] How a 1031 exchange can defer capital gains taxes, a key benefit for real estate investors.

[00:06:00] An overview of the procedural steps involved in executing a 1031 exchange

[00:07:00] Timeframe for property identification: The host explains the 45-day rule for identifying potential replacement properties, a critical deadline in the process.

[00:08:00] Closing Deadline: The 180-day closing requirement.

[00:09:00] How different types of properties can be exchanged.

[00:10:00] Converting vacation homes into rental properties for a 1031 exchange.

RESOURCES:

IPX1031 - Intermediary

Asset Preservation Incorporated - Intermediary

Securitas1031 - Intermediary

IRS Fact Sheet about Like-Kind Exchanges

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

View Details

If you're in the middle of deciding whether to bring a realtor into your home buying or selling adventure - Realtors® are instrumental in securing the best price for a home, uncovering the ideal property to call home, or simplifying the intricate paperwork involved.

The thought of compensating a realtor® with a commission might initially cause hesitation, as they do receive a significant portion of the sale. However, it's important to recognize that for buyers, this arrangement typically doesn't result in additional out-of-pocket expenses, as the cost is often covered by the seller.

Think of realtors® as your real estate navigators, armed with insider info on the market, negotiation chops, and the lowdown on listings you won't find anywhere else. So, as you weigh your options, consider how a realtor® might just be the ally you need to make your home buying or selling journey a smooth sail.

In this episode, you’ll learn:

• The role of Realtors® in Home Buying and Selling
• The benefits of working with a Realtor®
• How Realtors® are compensated
• Negotiation and closing processes
• Legal and compliance aspects of real estate transactions

Must-listen moments:

[00:02:30] The journey begins: Why consider a realtor® for buying or selling your home?

[00:04:15] How realtors® add value to your home selling process.

[00:06:00] Navigating the home buying process with a realtor®.

[00:08:45] Understanding realtor® commissions: How does it work?

[00:10:30] The hidden benefits of partnering with a realtor®.

[00:12:15] Case study: Successful home sale with a realtor's expertise.

[00:14:00] Case study: Finding the dream home with professional guidance.

[00:16:45] Expert tips: Preparing your home for sale.

[00:18:30] - Must-know: Evaluating a realtor's credentials.

[00:20:15] The negotiation edge: How realtors secure the best deals.

[00:22:00] Market insights: Understanding current trends with a realtor's lens.

[00:24:45] The legalities: How realtors® help navigate contracts and paperwork.

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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When will mortgage rates dip in 2024? It could be earlier than you anticipate. Last December 2023, J. Powell, the head of the Federal Reserve, announced the end of rate hikes. Looking ahead, we're anticipating at least three rate cuts starting around May. While the Feds rates don't exactly match mortgage rates, they definitely influence them.

So, why the shift towards lower rates, especially with inflation still above target? Powell believes that the heightened rates are no longer needed. It seems like the economy, along with corporate profits and banks, could use some relief. This, in turn, means consumers might see lower interest rates on things like homes, credit cards, and cars. Lowering mortgage rates isn't just about numbers; it's about reigniting the American dream of homeownership. This move could inject a fresh sense of pride among consumers, fostering growth in families and communities. Stay tuned as we delve into more stats and forecasts about this year's rates!

In this episode, you’ll learn:

• Distinction between the federal funds rate and mortgage interest rates
• How Federal funds rate influences emergency loans for banks and indirectly impacts consumer loans
• How mortgage rates are set
• A need to boost consumer confidence through lower rates
• Job cuts and the housing market's role in economic health
• A prediction on a downward trend in rates

Must-listen moments:

[00:00:20] Discussion of the Federal Reserve's decision to stop raising rates and expected decreases in 2024.

[00:00:40] Clarification that the Federal Reserve's rate is different from mortgage interest rates.

[00:01:49] Explanation of the potential timeline for the Federal Reserve's rate reductions in 2024.

[00:02:30] Description of the federal funds rate and its historical context.

[00:03:00] Correlation between the 10-year Treasury yield and mortgage rates.

[00:03:30] Insight into how mortgage rates are determined daily by investors' sentiments.

[00:04:00] Discussion on the Federal Reserve's stance on inflation and interest rates in 2024.

[00:04:30] Analysis of the current economic situation and the need for rate reduction.

[00:05:00] The impact of interest rates on banks, credit cards, and car loans.

[00:05:29] The role of consumer confidence and the housing market in the economy.

[00:06:00] Overview of job cuts in major companies and the affordability gap in housing.

[00:07:00] Predictions for mortgage rates by the end of 2024.

Resources:

https://www.msn.com/en-us/money/markets/initial-us-employment-reports-overstated-by-439000-jobs-in-2023/ar-AA1mzhiu?ocid=socialshare

https://www.cbsnews.com/news/citi-layoffs-2024-20000-job-cuts-jane-fraser/

https://www.cnbc.com/2024/01/30/ups-reports-drop-in-package-volume-stock-tumbles.html

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In this episode, we dive into housing predictions for Houston, Texas in 2024. Jen interviews a 25 year veteran of the homebuilding industry about the market conditions for builders last year and an upcoming proactive approach some home builders are implementing to keep ahead of market trends.

Jen and guest Benita Owens of Meritage Homes explore local housing market dynamics, including interest rate trends and buyer behavior. They talk about pricing strategies - explaining how pricing is responsive to interest rate changes and buyer demand.

Overall, we have an optimistic outlook for the Houston housing market, encouraging potential buyers to invest now, foreseeing price increases as interest rates potentially drop in 2024.

In this episode, you’ll learn:

• A plan aiming to meet the anticipated buyer demand
• A widespread expectation of a market crash
• A scarcity on inventory and the recent dip in interest rates
• A gradual decrease in interest rates and prediction on influx of buyers
• A potential decrease in interest rates by 2024, might be a surge in market activity

Must-listen moments:

[00:00:31] Benita Owens' introduction, representing Meritage Homes at Montgomery Oaks

[00:00:50] 32 years of experience in home building

[00:01:50] Analysis of the 2023 market for builders and its success

[00:02:16] Meritage's plans and strategies for 2024

[00:02:54] Buyer demand in the Houston market, especially in the Conroe area

[00:04:13] The correlation between housing prices and interest rates, and the best time to buy

[00:05:18] Texas down payment assistance and its impact on interest rates

[00:06:58] Pricing range in Houston's market and future predictions

[00:08:09] Houston's appeal due to low cost of living and housing affordability compared to other parts of the country

[00:08:46] Final predictions on inventory, buyer demand, and market trends for 2024

[00:09:34] The advice to 'marry the home and date the rate,' emphasizing the current market opportunity.

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Will the housing market crash in 2024? We address a common misconception: those anticipating a steep drop in home prices may find themselves disappointed. Fluctuations don't necessarily indicate a market crash, as defined by a rapid and significant drop in prices due to an oversupply of homes and a lack of buyers.

We also discuss Federal Reserve policies, their influence on interest rates, and the broader implications for the housing market, emphasizing the importance of understanding these dynamics for anyone involved in buying, selling, or refinancing a home.

In this episode, you’ll learn:

• A reflection on the 2008 housing crisis
• A significant shift in the loan landscape with more robust, fully documented loans, and fewer foreclosures in 2023-2024
• Despite the high rates causing some potential buyers to pause their home searches, there is a pent-up demand waiting to re-enter the market
• A potential decrease in interest rates by 2024, might be a surge in market activity

Must-listen moments:

[00:00:32] Nationwide home price trends from November 2022 to November 2023

[00:01:15] Slight decrease in home prices in December 2023 and its causes

[00:02:00] Definition of a housing market crash and its characteristics

[00:02:45] Reference to the housing bubble, comparison with previous years, and the 2008 crash

[00:03:30] 2008 financial crisis and its impact on mortgage lending

[00:04:15] Analysis of risky loan practices and their consequences leading up to the 2008 crash

[00:05:00] Foreclosure peak in March 2007 and its cascading effects on the financial sector

[00:05:45] How mortgage-backed securities contributed to the financial crisis

[00:06:30] The lending practices in 2008 and the healthier state of current loans in 2023-2024

[00:07:15] Current state of foreclosures and their absorption in the market

[00:08:00] The pent-up demand for housing and its potential impact on the market

[00:08:45] Interest rate trends in 2024 and their effect on the housing market

[00:09:15] Examination of Federal Reserve policies and their implications for future interest rates.

Resources:

2008 Housing Bubble 2000s https://en.wikipedia.org/wiki/2000s_United_States_housing_bubble

Foreclosure Activity 2008 to 2023 https://www.attomdata.com/news/market-trends/foreclosures/attom-mid-year-2023-u-s-foreclosure-market-report/

CONTACT JENNIFER!

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In this episode, we delve into the topic of increased loan limits for 2024. We explain the role of financing agencies like FHA (Federal Housing Administration) and FHFA (Federal Housing Finance Agency) in adjusting loan limits annually in response to inflation and rising home prices.

What is the importance of these changes for homebuyers and the consistency of loan limit increases over the years.

In this episode, you’ll learn:

• How this change affects the home ownership journey
• New loan limits for different types of loans and area
• USDA, VA loans and 0% down payment
• FHA loans as accessible but have lower limits

Must-listen moments:

[00:00:45] How FHA and FHFA adjust loan limits annually in response to inflation and changes in the median home price

[00:01:15] Significance of these loan limit changes for individuals on their home ownership journey

[00:02:30] New maximum loan amount for conventional loans in 2024

[00:03:10] How to calculate the purchase price with the new loan limits

[00:03:50] Distinction Between Loan Amount and Sales Price

[00:04:20] Jumbo loans and their requirements

[00:05:00] Down payment percentages for different types of buyers

[00:05:45] Lower loan limits for FHA loans and their target demographic

[00:06:30] Specific numbers used in FHA loan limits.

[00:07:10] USDA loans and the specifics of VA loans

[00:07:50] Loan limits in high-cost areas like California and the East Coast

[00:08:15] Historical trend of loan limit increases, and the rare exceptions

Resources:

• FHA Loan Limits 2024 https://www.hud.gov/press/press_releases_media_advisories/hud_no_23_265
• Conventional Loan Limits 2024 https://sf.freddiemac.com/articles/news/loan-limit-values-for-2024
• FHA Loan Summary https://youtu.be/ce0R8jt5WkY?si=1S_6tBLnRbZBFyLV
• Conventional Loans Summary https://youtu.be/LcpEAn0SrcU?si=ZGvtni7YhcDWKk6u
• USDA Loans Summary https://youtu.be/sn4PCuiMeCs?si=Bsh-ObiKvZixcNiH
• VA Loans https://youtu.be/1j_SJbpTzt4?si=28JHS25njyJKXHMJ

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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If you own real estate in Texas, whether residential or commercial, this episode will give you the behind the scenes as to why you should protest your property tax.

We interview an expert with Home Tax Shield, a company in Texas that protests taxes for property owners. Craig is an industry expert and releases statistics and valuable information you need to know as a homeowner.

If you would like to inquire to use Home Tax Shield for your protest, contact me directly. Home Tax Shield is referral based only, and must be connected with one of their partners, which I am one! jennifer.hernandez@legacymutual.com

In this episode, you’ll learn:

• Why is it essential to protest property taxes annually
• Critical deadlines for protesting taxes
• Importance of exemptions

Must-listen moments:

[00:00:30] Increasing property taxes in Texas and the importance of protesting

[00:01:15] Property tax increases and the need for having a resource to assist clients

[00:02:13] Misunderstanding and confusion surrounding property taxes.

[00:03:20] Property Taxes 101 for real estate professionals, including basics and advanced topics.

[00:04:45] Surprising statistics about the number of Texas homeowners who don't protest their property taxes and why it's essential.

[00:06:00] Important dates to remember for property tax protests and the consequences of missing these deadlines.

[00:07:30] Different ways to reduce property taxes, emphasizing exemptions and professional protest services.

[00:09:15] Debunking common myths about property tax protests and how real estate professionals sometimes misunderstand the process.

[00:11:00] Homestead exemption and how it works.

[00:12:40] How and when the 10% cap on property tax increases applies.

[00:15:15] Homestead exemption and how it affects property tax calculations.

[00:18:00] Can clients accompany professionals during tax protests.

[00:20:38] Different exemptions offered by various taxing entities and their impact on property taxes.

[00:24:01] Challenges in estimating property tax savings for new homeowners, especially in relation to new constructions.

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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On December 13, after the Federal Reserve meeting, interest rates started to fall! It became evident that the Fed will likely stop raising interest rates, and start to lower the fed funds rate in 2024! The market needed this news so badly!

In this episode I will help make sense of some complex financial terms and focus on what this means for the average person. Whether you're an investor or contemplating buying a home, understanding the implications of this rate change is key, and that's precisely what we aim to explore.

We also share insights from Clear Value Tax and Barry Habib, both well-respected names in economic analysis, on the potential impact of these financial shifts on the housing market in 2024. Is now the right time to invest in real estate, or should one wait? This episode is designed to provide valuable insights into how these economic developments could influence your real estate decisions.

In this episode, you’ll learn:

• Impact on your finances
• Impact on your plans to buying home in the future
• Comprehensive analysis in mortgage rates
• Potential end of a challenging period characterized by increasing interest rates

Must-listen moments:

[00:00:20] Explanation of the federal funds overnight rate and its relevance to the financial markets

[00:01:31] Overview of the Federal Reserve's role and its actions to control inflation since 2020.

[00:02:15] Discussion on the increase in interest rates since March 2022 and its impact on the economy

[00:02:45] Explanation of economic indicators like CPI index, wage inflation, and employment numbers

[00:03:30] How the Federal Reserve's policies affected consumer spending and the overall economy

[00:04:00] Analysis of the Federal Reserve's decision to pause interest rate hikes in December 2023

[00:04:50] Insight into how the stock and bond markets influence mortgage interest rates

[00:05:00] Discussion on the market's reaction to the Federal Reserve's December announcement

[00:05:30] Observations on the gradual decline of mortgage rates since November and its significance

[00:07:00] Is it a good time to buy a home considering current market trends?

[00:08:00] Influence of global activities and financial markets on mortgage interest rates

Resources:

Clear Tax Value full video about Interest Rates https://youtu.be/HzKLgEnGGG4?si=ix3mXiIx_4ZFlJkp

Barry Habib full interview about 2024 Housing Market Forecast
https://youtu.be/94jd2PBA2Pg?si=EBJ2hIR47udWgmMa

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In this episode, we delve into the dilemma faced by sellers in the current real estate market: should they sell their homes now or rent them out in hopes of better values in the future? The episode features Lyndel Johnson from Real Property Management Luxury in Houston.

We also focus on the importance of landlord-tenant relationships, which not only ensures tenant satisfaction but also preserves the property’s value.

The episode is packed with insights for sellers navigating the fluctuating real estate market, particularly addressing the current trend of increasing mortgage rates and its implications on selling versus leasing decisions. This episode is not just informative but also equips you with the tools to make well-informed decisions in a fluctuating real estate environment.

In this episode, you’ll learn:

• Pros and cons of selling versus leasing properties
• What is the impact of fluctuating interest rates on the housing market
• Importance of maintenance fund
• Rent your property, leave it vacant or sell?

Must-listen moments:

[00:01:44] Do we sell or rent properties in the current market scenario

[00:02:26] Current state of interest rates and how they affect buying decisions

[00:03:13] A comparison with the high mortgage rates of the early 1980s

[00:04:08] Adjusting buyer expectations to the current market

[00:05:07] Forecasting the rise in property values: Discussion on the potential for property values to increase in the future

[00:06:16] Maintenance considerations for renting: The importance of having a maintenance budget for rental properties

[00:07:28] Tenant responsibilities in renting: what expenses are typically covered by renters

[00:08:24] The financial viability of renting below mortgage costs: Analyzing whether renting at a loss is better than a vacant property

[00:09:55] Role of property management companies: the benefits of hiring professionals to manage rental properties

[00:14:32] Importance of landlord-tenant communication: the significance of timely responses to tenant issues

[00:17:08] Key steps in renting out a property: the process for preparing a property for rental

[00:20:23] Legal aspects of renting: Understanding and complying with changing rental laws and regulations

Guest: Lyndel Johnson

Real Property Management Luxury Houston

https://www.linkedin.com/in/lyndel-johnson/

https://www.rpmluxury.com/contact-us

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In this episode, we offer an in-depth analysis of FHA (Federal Housing Administration) loans, particularly highlighting the aspects of mortgage insurance premiums. Created during the Great Depression, FHA loans facilitate homeownership with a minimum down payment of 3.5%.

It's clear that FHA loans pack a lot of value, especially for those stepping into homeownership. The mortgage insurance premium, both upfront and monthly, might seem like an extra step, but it's really about making the loan sustainable in the long haul. It's all about balance, right? Paying a bit now to save more down the line. If you're thinking of selling or refinancing in a few years, you might get some of that upfront premium back.

Whether you're a first-time buyer or looking to refinance, understanding these nuances of FHA loans is key.

In this episode, you’ll learn:

• Upfront and monthly mortgage insurance premium
• Are you selling or refinancing in a few years?
• Unique nature of FHA mortgage insurance
• Cancellation scenarios of mortgage insurance on FHA loans

Must-listen moments:

[00:01:15] Overview of FHA loans and their history

[00:02:30] What mortgage insurance premium means for FHA loans, including both upfront and monthly premiums

[00:03:45] How to calculate the upfront premium

[00:05:20] How the upfront premium affects the total loan amount and its long-term implications

[00:06:10] How the monthly mortgage insurance premium (MIP) is calculated and its effect on monthly payments

[00:07:55] Cancellation of FHA mortgage insurance

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In this episode, I explain what is a Mortgage Credit Certificates (MCC), a valuable federal tax credit for first-time homebuyers seeking to ease the financial burden of purchasing a home.

I will cover the eligibility criteria, calculation, distribution, and the overall impact of the MCC on homeowners. Who qualifies for the MCC, what are some benefits as well as the downside, including income restrictions and the potential recapture tax.

In this episode, you’ll learn:

• What is MCC
• MCC and tax savings
• What are the advantages of the MCC
• How MCC enhances your buying power

Must-listen moments:

[00:01:30] Who qualifies as a first-time homebuyer

[00:03:00] How income limits impact MCC eligibility

[00:04:45] How the MCC works in practice, particularly in reducing overall mortgage payments

[00:06:20] What potential tax savings come with an MCC

[00:08:00] How an MCC can increase a homebuyer's budget and purchasing power

[00:09:15] What is the application process for an MCC, including required documents and steps

[00:10:30] Who have benefited from MCC

✅ Fact Sheet: https://thetexashomebuyerprogram.com/uploads/Revised-mcc-fact-sheet-06262020.pdf

✅ Recapture Tax Explained: https://thetexashomebuyerprogram.com/uploads/RecaptureBrochure.pdf

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In this episode, we're joined by real estate and mortgage veteran Tarl Anderson to discuss the rise in Texas foreclosures for 2023. We hit the ground running with some straight talk about today's wobbly housing scene. We dove into the big question on everyone’s mind—should you grab that set of shiny new house keys now, or is it smarter to cool your heels and rent for a bit?

We also got down to brass tacks on property value trends, peering into the crystal ball of housing appreciation—or the lack thereof. Because let’s face it, a home's value can be as unpredictable as Houston weather. From creeping foreclosure numbers to the ebb and flow of interest rates and job stats, we unpacked it all. Our mission? To arm you with the nitty-gritty details so you can step into the housing market with your eyes wide open, ready to make that home-buying leap on your terms, with confidence and your bank account intact.

In this episode, you’ll learn:

• Highs and lows of the market
• To buy or not to buy
• Cost of Ownership Versus Renting
• Home Value Appreciation Forecast

Must-listen moments:

[00:07:15] Statistics about first-time home buyers in the current year compared to the past decade

[00:08:50] Psychological factors influencing buyer decisions

[00:10:30] Myths versus realities of obtaining a mortgage.

[00:12:05] Urban and suburban housing trends, highlighting a shift in buyer preferences.

[00:19:00] Future home value growth or stagnation.

[00:20:00] Importance of localized knowledge.

[00:21:40] Review of market peaks - how current patterns may predict future price movements.

[00:23:15] Foreclosure impacts on the market and how a shift in interest rates could lead to increased buyer activity.

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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This is Part 2 of our podcast episode where Jen is a guest on Not Just a Daydream podcast by Kristi Winfree, Owner & Transaction Coordinator at Legacy Transactions.

We share more valuable tips for a smoother home buying process. We emphasize the importance of referrals, to expect inevitable bumps in the road, but stresses that with the right team, including a reliable realtor, lender, and title company, these challenges can be overcome seamlessly.

Throughout the podcast, we share straightforward and relatable insights, providing you with practical advice for navigating the complexities of the home buying process and the role of referrals in ensuring a positive outcome making them the cornerstone of a successful home purchase.

In this episode, you’ll learn:

• Tip 5: Expect challenges in the road
• Tip 6: Advises against large, unsourced cash deposits
• Tip 7: Efficient email and phone communication
• Tip 8: Importance of giving weight to referrals in the decision-making process

Must-listen moments:

[00:01:08] The need for proactive client involvement

[00:01:22] Value of a referral-based approach

[00:03:11] Importance of a responsive team in navigating mortgage processes

[00:05:00] A caution on transaction without hiccups

[00:06:18] Transparency about job changes to avoid potential issues with lenders

[00:06:52] Why you should save essential contact information

[00:07:38] Difference between referrals from someone you know personally and generic calls from a national company

[00:09:42] Handling large cash deposits

Kristi Winfree, Owner & Transaction Coordinator

https://www.linkedin.com/in/kristiwinfree
https://legacytransactions.com/

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In this podcast episode, Jen is a guest on Not Just a Daydream podcast by Kristi Winfree, Owner & Transaction Coordinator at Legacy Transactions.

We share eight valuable tips for a smooth home buying process - starting with beginning early, many mistakes happen when people rush the process at the last minute. Next is being prepared in submitting necessary documents as these are crucial for lenders to assess your financial situation accurately. Also, keeping a transparent communication with your lender, and avoiding assumptions - share all relevant information with your lenders, no matter how insignificant it may seem, as hidden details can lead to problems down the line.

In conclusion, we stress the importance of giving professionals enough time to maintain accuracy and thoroughness in the home buying process, as we offer guidance and expertise to help you navigate each step successfully.

Stay tuned for the next tips!

In this episode, you’ll learn:

• Tip 1: Start early
• Tip 2: Submit documents, fast
• What are the documents you need to prepare
• Tip 3: Transparent communication
• You shouldn’t fear credit inquiries
• Tip 4: Never assume anything

Must-listen moments:

[00:02:30] Let’s dive into the eight tips for a smooth home buying process

[00:02:57] Importance of accurate credit scoring

[00:03:30] Why providing accurate financial information is important

[00:04:37] What are the preparations for the home buying process

[00:05:58] Mortgage loan approval timeline in Texas

[00:06:50] Share all relevant information, even if it seems insignificant

[00:07:46] Never assume anything. Assumptions can lead to delays.

Kristi Winfree, Owner & Transaction Coordinator

https://www.linkedin.com/in/kristiwinfree
https://legacytransactions.com/

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In this podcast episode we discuss the importance of having a will for homeowners. John Strohmeyer, a licensed attorney, probate and estate issues, emphasizes the significance of having a will or an official document to clarify property ownership and inheritance. We will also address the misconception that wills are only necessary for those with significant assets - highlighting the importance of having a plan in place as soon as you start accumulating belongings and assets.

Overall, a will is your way of ensuring that your property goes to the right people after you're gone. Without one, you risk leaving your loved ones with a complicated and costly legal mess. Join us as we underscore the importance of proactive estate planning, particularly for homeowners, to ensure a seamless transition of assets and minimize potential legal complications.

In this episode, you’ll learn:

• What is heirship
• Importance of will especially when you have minor children
• Identifying guardians for your children
• Timeline of the probate process

Must-listen moments:

[00:01:18] Inheritance laws and property transfer after death

[00:02:50] Estate planning and probate process

[00:05:52] Probate and estate administration delays

[00:06:42] The impact of not having a will in real estate transactions

[00:07:55] Can an individual create their own will, especially if they don't have many assets?

[00:08:00] Creating your own will and its potential risks

[00:09:41] The importance of knowing where the original will is located

John Strohmeyer: https://www.strohmeyerlaw.com/

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In this episode of the Loan with Jen podcast, we are joined by attorney John Strohmeyer to discuss the Foreign Investment in Real Property Tax Act (FIRPTA). FIRPTA caters to anyone interested in the world of real estate, especially those who aren't US citizens or permanent residents but are considering buying property in the United States. John, with his extensive knowledge of FIRPTA, breaks down this complex topic into digestible pieces.

We delve into the nitty-gritty of determining tax residency, considering factors like the number of days spent in the US and tax filing status. Our discussion sheds light on the complexities of FIRPTA and its potential impact on real estate transactions involving foreign individuals. Overall, we offer a clear and insightful overview of FIRPTA and its implications for foreign property investors.

In this episode, you’ll learn:

• Who qualifies as a "foreign person" under FIRPTA
• FIRPTA has two main aspects: US income tax and withholding tax
• Responsibility of buyers when engaging in transactions with foreign sellers
• Complications that arise when foreign owners pass away with US property

Must-listen moments:

[00:01:07] Overview and significance of FIRPTA

[00:01:30] The definition of a “foreign person”

[00:03:15] Criteria for determining tax residency in the US

[00:05:28] Exceptions on work visas who are considered residents for tax purposes

[00:13:09] Potential consequences of not complying with FIRPTA regulations

John Strohmeyer: https://www.strohmeyerlaw.com/

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In this episode of the Loan with Jen podcast, we deliver a no-nonsense breakdown of closing costs when selling your home, free from any corporate buzzwords. We delve into the intricacies of prorated property taxes, emphasizing that even if you've been escrowing your taxes and insurance, they must be settled at the closing table. 

We emphasize the importance of knowing the specific costs associated with your state - closing costs can vary from state to state. We explain the realtor commission and estimate title and legal fees. We also provide a step-by-step guide for calculating and deducting taxes and other potential expenses, such as unpaid loans, utility liens, and homeowners' association dues. 

In this episode, you’ll learn:
- What is percentage is realtor commission
- What is the estimate on title and legal fees
- A practical example to illustrate the calculations involved
- How to determine your net proceeds from selling your home

Must-listen moments: 
[00:00:58] Regional differences in closing costs
[00:01:20] Realtor commission and buyer and listing agent’s cut
[00:04:35] What is prorated property tax and the necessity of crediting them to the buyer during closing
[00:05:35] A step-by-step guide for calculating prorated property taxes based on the month of sale
[00:06:30] What are potential expenses, including unpaid loans, utility liens, and homeowners' association dues

👉TikTok: @loanwithjen
👉Instagram: @loanwithjen
👉Facebook: https://www.facebook.com/loanwithjen 

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497 

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/
💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/
💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content:
▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE
▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU
▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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If you're eyeing a house that needs sprucing up, listen in. The FHA 203(k) loan is like a mini construction loan bundled with your mortgage. If you're keen to roll in at least $5,000 of improvements – think paint, carpet, even bigger fixes like foundations – this loan might be your answer. It's all about beautifying your space while enjoying benefits like a low downpayment and flexible credit requirements. Keep in mind, though, not all lenders offer this option.

In this episode, we share that a HUD-approved consultant is in the mix, and while the perks are cool, there are extra fees and a potential 45 to 90-day waiting period due to inspections. So, hit up the link for approved lenders, chat with your realtor and local lender, and stick around for more insightful episodes with Jen.

In this episode, you’ll learn:

• Basics of FHA (Federal Housing Administration)
• Basics of HUD (Housing and Urban Development)
• Importance of finding approved lenders through the FHA website
• What are the extra fees involved

Must-listen moments:

[00:00:58] What is a 203k loan

[00:02:18] What is the required down payment

[00:03:20] Benefits from 203k loan for beautifying your home

[00:04:38] The process of getting a contractor bid and HUD consultant

[00:05:30] How improvements affect the effective purchase price and the calculation of the minimum down payment

Links mentioned https://www.hud.gov/program_offices/housing/sfh/lender/lenderlist

👉TikTok: @loanwithjen 👉Instagram: @loanwithjen 👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/ 💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/ 💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content: ▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE ▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU ▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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https://www.startoliverpereira.com/optin1676682524503 Email: verification@startoliverpereira.com

👉TikTok: @loanwithjen 👉Instagram: @loanwithjen 👉Facebook: https://www.facebook.com/loanwithjen 

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497 

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/ 💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/ 💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content: ▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE ▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU ▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In this podcast episode, discover a unique and often overlooked way to support elderly parents while also earning government income. Jen Hernandez welcomes Ugo Eziefule from Providers of Texas, a passionate advocate for underserved communities. Ugo sheds light on a game-changing opportunity for caregivers through state programs, where family members can get paid for taking care of their loved ones in need.

We delve into the details, discussing how the process works and debunking common misconceptions. This conversation uncovers a valuable lifeline for both caregivers and their elderly parents, offering a fresh perspective on providing care while receiving essential financial support.

In this episode, you’ll learn:

• Who is Providers of Texas
• What are the caregiving services offered, focusing on activities of daily living (ADLs)
• Get compensated for what you're already doing for your family
• What is the balance between caregiving and other responsibilities
• What are the options for different levels of care for your elderly parents

Must-listen moments:

[00:01:17] What does it take to become a home health home health worker?

[00:05:57] How do you determine who is eligible for the program?

[00:06:16] Family (children and family members) income assessment

[00:07:22] Complex care scenarios and potential progression

[00:08:44] How to get started with the program

[00:10:49] Can the income for caregiving services be considered for loan approval?

https://www.providersoftexas.com/ Call us today on (281) 550-2928 Email: admin@providersoftexas.com Ugo Eziefule: https://www.linkedin.com/in/ugoeziefule

👉TikTok: @loanwithjen 👉Instagram: @loanwithjen 👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/ 💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/ 💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content: ▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE ▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU ▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In this episode, Jen Hernandez delves into the complex world of estate planning with guest John Strohmeyer, a licensed attorney, probate and estate issues. They discuss the implications of property ownership within trusts, shedding light on what happens to a house when someone passes away.

Whether or not you have a will in place, the episode breaks down the intricacies of probate, highlighting the importance of estate planning, especially when dealing with real estate. This episode provides valuable insights into estate planning and property ownership, making it a must-listen for homeowners and those seeking clarity on these important matters.

In this episode, you’ll learn:

• Significance of having a will
• The challenges that can arise without a will
• Potential complexities of transferring property title to surviving spouses and,
• Navigating lender interactions

Must-listen moments:

[00:00:57] What happens to the property mortgage when the property owner passes away

[00:02:53] How long does a probate process usually take?

[00:04:19] What is community property in Texas?

[00:05:38] Small estate affidavit vs. full heirship

[00:07:14] State of Texas’ responsibility when a spouse passes away

[00:08:55] How to deal with the mortgage company?

John Strohmeyer: https://www.strohmeyerlaw.com/

👉TikTok: @loanwithjen 👉Instagram: @loanwithjen 👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/ 💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/ 💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content: ▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE ▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU ▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In this episode, Jen Hernandez interviews John Strohmeyer, a specialist in real estate, probate, and estate issues. They explore the difference between revocable and irrevocable trusts and discuss why lenders prefer properties in revocable trusts. This episode is for homeowners, potential homebuyers, and anyone seeking to understand the implications of placing assets, especially real estate, into a trust.

Jen and John also delve into the benefits of putting a house in a revocable trust while cautioning against immediate funding of revocable trusts to avoid triggering due-on-sale clauses with lenders. This episode also emphasizes the importance of seeking professional advice when considering estate planning to avoid potential pitfalls.

In this episode, you’ll learn: - The two main types of revocable trusts, a testamentary trust or a lifetime revocability trust - Why lenders prefer properties in revocable trusts - Avoid probate and simplify asset management - Understand the implications of placing assets into a trust.

Must-listen moments:  [00:01:08] What is a revocable and irrevocable trust [00:01:15] Why would people want to put assets in a trust in the name of a trust? [00:03:20] The difference between a revocable and irrevocable trust [00:05:31] What are the benefits of a revocable management trust? [00:08:01] What happens if a revocable trust is denied? [00:10:24] How much should you expect to be taxed? Bad advice from banks on revocable trusts.

John Strohmeyer: https://www.strohmeyerlaw.com/

👉TikTok: @loanwithjen 👉Instagram: @loanwithjen 👉Facebook: https://www.facebook.com/loanwithjen 

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497 

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/ 💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/ 💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content: ▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE ▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU ▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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👉TikTok: @loanwithjen 👉Instagram: @loanwithjen 👉Facebook: https://www.facebook.com/loanwithjen 

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497 

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/ 💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/ 💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content: ▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE ▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU ▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In Texas, property tax is zero at the state level. However, various districts like county, city, water districts, school, and emergency services have the authority to levy their own taxes. These taxes are assessed independently by each district and later collected by the county taxing office. In this episode, we will go into the different types of property taxes in Texas, explore the ways they are collected, and also exemptions that are available.

In this episode, you’ll learn:

• How taxes are assessed
• How taxes are distributed/paid
• Exemptions available

Must-listen moments:

[00:00:00] Why Texas has zero state property tax and zero income tax

[00:01:36] How the tax system works in the state

[00:03:23] How the tax rate works in the Houston area

[00:05:17] How an escrow account works

[00:06:35] Available tax exemptions in Texas

👉TikTok: @loanwithjen 👉Instagram: @loanwithjen 👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/ 💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/ 💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content: ▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE ▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU ▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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I am thrilled to have a special guest, Michelle Garcia, joining us. Michelle is a renowned expert in the field of construction financing, and she's here to share her valuable insights and expertise with all of you.

If you've ever wondered about the fundamentals of construction loans, this video is a must-watch. Whether you're a homeowner considering building your dream home or a real estate investor venturing into the world of construction projects, understanding the basics of construction loans is essential.

Throughout this video, Michelle will walk you through the key aspects of construction loans, breaking down complex concepts into easy-to-understand language. From defining what construction loans are to exploring the different types available, she will guide you through the process step by step.

You'll learn about the crucial factors that lenders consider when approving construction loans, such as creditworthiness, project feasibility, and documentation requirements. Michelle will also share her expert advice on how to prepare yourself financially and strategically for a construction loan, ensuring a smooth and successful borrowing experience.

With her extensive knowledge and experience in the industry, Michelle will shed light on common pitfalls to avoid and provide tips to maximize your chances of securing a construction loan. From understanding the draw schedule and managing construction costs to navigating potential challenges during the construction phase, you'll gain valuable insights to make informed decisions.

👉TikTok: @loanwithjen 👉Instagram: @loanwithjen 👉Facebook: https://www.facebook.com/loanwithjen

Jennifer Hughes Hernandez, Legacy Mutual Mortgage - Equal Housing Opportunity Lender NMLS #514497

💻 Documents Needed to Get Pre-Approved Texas: http://checklist.loanwithjen.com/ 💻 Loan With Jen | Do Business With Us!: http://apply.loanwithjen.com/ 💻 Visit My Website - Mortgage Lender Houston | Loan With Jen Education - https://www.loanwithjen.com/

📌More Helpful Content: ▶️The Myths and Truths About Credit Inquiries: https://youtu.be/d_RQJnTsVPE ▶️Why You Should Use A Local Lender: https://www.youtube.com/watch?v=shkijZmEonA ▶️How to Buy A House With Low Income: https://www.youtube.com/watch?v=OcyjWe0snWU ▶️Using Rental Income To Qualify For A Mortgage: https://www.youtube.com/watch?v=kv0eXzl1YUo

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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There are three simple ways to start building real estate wealth early with your children.

In this informative episode, Jennifer and realtor Kathy Crosby discuss these three strategies in more detail, offering valuable insights for your real estate journey with your children.

The first strategy is to buy a rental property when your kids are born and let it appreciate in value over 18 years. When they go to college, you can sell the property and use the profit to pay for their education.

The second strategy involves selling the property to your young adult child at a reduced price through a gift of equity. This helps them get started in the real estate market.

Lastly, you can purchase a home near the college your child attends, preferably with at least three bedrooms for potential roommates. The rental income from their friends can help cover the mortgage expenses.

In this episode, you’ll also hear:

• Rental cash flow you should look for
• How appreciation works
• How to build credit for your kids

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In this compelling episode video, we have the privilege of hosting the renowned Cara Eubank, a distinguished Account Executive with a wealth of experience in facilitating home loans for foreign buyers in the United States. If you're contemplating the idea of purchasing a home in the USA as a foreign buyer, this episode is an absolute must-watch for you.

With Cara’s profound understanding and specialized expertise in this domain, she expertly unravels the complexities involved in obtaining a home loan as a foreign buyer. Whether you find yourself venturing into the real estate market for the first time or you're a seasoned investor seeking to expand your portfolio, Cara's invaluable insights and tips will empower you to navigate the process with unwavering confidence. Through her guidance, you'll gain a comprehensive understanding of the intricacies of securing a home loan and be equipped with the knowledge necessary to make informed decisions on your journey towards owning a property in the United States.

In this episode, you’ll also hear:

• Loan options and programs for foreign buyer
• Essential documents for the loan
• Importance of establishing strong connections with lenders

Must-listen moments:

[00:01:38] What are the criteria for getting into the program?

[00:03:02] What are the requirements for an eligible Visa?

[00:03:58] A US bank account must-have

[00:05:55] Leverage everything you’ve got

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

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In this episode, Jennifer discusses DSCR loans with Cara Eubank, an expert in financing for investment properties. DSCR stands for Debt Service Coverage Ratio, and these loans are designed specifically for investors. The loans consider the property's cash flow and have unique features such as no employment or income requirements, no debt-to-income ratio, and the ability to finance short-term rentals.

The program requires a primary property that is larger than the investment property being financed. The loan can be used for purchase, rate and term refinance, or cash-out refinance, enabling investors to expand their portfolios.

Overall, DSCR loans provide a straightforward financing option for investors seeking to grow their real estate portfolios. Jennifer recommends finding a local lender familiar with these types of loans.

In this episode, you’ll also hear:

• Importance of cash flow of an investment property
• DSCR loan features
• Recommendation on a local lender

Must-listen moments:

[00:01:18] What does DSCR mean?

[00:02:04] What is the loan for?

[00:03:29] What is the minimum credit score required for the DSCR loan?

[00:07:08] What are the interest rates like?

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Welcome to another episode of Loan With Jen. Whether you're listening to us on the podcast or watching us on YouTube, we've got an exciting topic to talk about today: bank statement loans. We've received many questions about this popular trend, so we've brought in a special guest, Cara Eubank. She has been working in the mortgage industry since the early 2000s, when there were some issues with lending standards. Today, Cara works in a specific type of loan called Non-QM, and she specializes in bank statement loans.

It's good to remember that not every lender provides bank statement loans. Working together with a nearby lender, such as Legacy Mutual Mortgage, in partnership with Angel Oak, guarantees access to these special loan programs. By teaming up with an experienced lender, borrowers can discover the options available to them and get prequalified to understand how much they can afford to buy.

In this episode, you’ll also hear:

• What are 2 types of bank statements you can use to verify your business
• What is 50% expense ratio
• How to get into the elite zone of this program

Must-listen moments:

[00:02:00] What is a Non QM loan

[00:04:01] How to verify that the borrower has been in business for two years?

[00:05:44] How to get a pre-qualified loan

[00:08:58] What is the prepayment penalty on these loans?

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Are you a homeowner with a mortgage? Did you know that you may be eligible for some tax deductions? In this episode, we'll cover the basics of mortgage tax deductions and how they can benefit you.

First of all, let's define what a tax deduction is. A tax deduction is a reduction in the amount of taxable income you have, which can lower your overall tax liability. So, if you have a mortgage on your home, you may be able to deduct some of the interest you paid on your mortgage from your taxable income.

To be eligible for the mortgage interest deduction, you must meet certain criteria. For example, the mortgage must be for your primary residence or a second home that you use for personal purposes. Additionally, there are limits on how much interest you can deduct based on the size of your loan and when you obtained it.

Another tax deduction related to homeownership is the property tax deduction. If you pay property taxes on your home, you may be able to deduct a portion of those taxes from your taxable income. Again, there are limits and criteria for this deduction, so be sure to consult with a tax professional or use tax software to determine your eligibility and the amount you can deduct.

In this episode, you’ll also hear:

• What is a tax deduction
• Eligibility criteria on mortgage interest deduction
• What is property tax deduction

Must-listen moments:

[00:01:53] How IRS defines a home

[00:02:55] Mortgage interest can be deducted on taxes

[00:02:59] Role of IRS Form 1098

[00:04:32] Why real estate is the best investment

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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If you're a first-time buyer or non-first-time buyer in Texas looking for down payment assistance, this episode is for you.

Jennifer Hernandez, a lender for almost three decades, discusses down payment assistance programs for homebuyers in Texas. She provides an overview of the most popular state-run programs - TDHCA and TSAHC - which offer up to 5% assistance of the loan amount for eligible applicants. Jennifer also discusses the income and credit score requirements for these programs, as well as the difference between repayable and forgivable assistance.

Check out the links to TDHCA and TSAHC websites here:

TDHCA: https://www.tdhca.state.tx.us/
TSAHC: https://www.tsahc.org/

In this episode, you’ll also hear:

• Income requirements
• Credit requirement
• Difference between repayable and forgivable assistance

Must-listen moments:

[00:01:42] What is TDHCA and TSAHC

[00:02:16] Role of federal government to the state

[00:02:41] What are the programs beneath the 2 entities?

[00:03:25] What is AMI? How is it relevant?

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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When purchasing an investment property, there are 2 main types of financing. Conventional, or Private.

Are you a new property investor looking to make your mark in the real estate market? This is perfect for you! In this episode, we have a special guest, private investor Scott Roberts, sharing his insights and expertise on property investment.

Whether you're a seasoned investor or just getting started, this video is packed with valuable information and tips to help you make informed decisions and succeed in the world of residential real estate investing. Don't miss out! - listen now!

In this episode, you’ll also hear:

• Hard money vs private investors
• Deep dive into Hard Money
• Deep dive into Private Money

Must-listen moments:

[00:04:22] How hard-money lenders look at after repair value.

[00:06:19] Have you evaluated the property correctly?

[00:09:35] How to get to a private lender?

[00:12:45] Understanding the difference between hard money and conventional loan.

Buying Your First Investment Property (The Basics 2023)

https://jenloanwithjen.podbean.com/e/buying-your-first-investment-property-the-basics-2023/

Special Guest: Scott Roberts - Business Development Executive & Financial Services

🎈Biggerpockets.com

Learn about investment strategies
Analyze properties in minutes
Connect with investor-friendly agents

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Are you a new property investor looking to make your mark in the real estate market? This video is perfect for you! In this episode, we have a special guest, private investor Scott Roberts, sharing his insights and expertise on property investment.

Join us for an informative and engaging conversation as we dive into the world of property investment with one of the top private investors in the field. Whether you're looking to invest in residential or commercial properties, this video is a must-watch for anyone looking to build a successful real estate investment portfolio.

In this episode, you’ll also hear:

• The dos and don'ts of property investment
• How to identify profitable investment opportunities
• What mistakes to avoid as a new investor

Keep an eye out for PART 2!

Must-listen moments:

[00:01:48] Do you want to flip or buy and hold?

[00:03:52] What to look for in a property?

[00:06:20] How to find a good realtor?

[00:07:56] How to get started with real estate investing?

Special Guest: Scott Roberts - Business Development Executive & Financial Services

🎈Biggerpockets.com

Learn about investment strategies
Analyze properties in minutes
Connect with investor-friendly agents

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In this episode, we'll cover everything you need to know about the basics of property management.

Are you a landlord or a property manager looking to improve your property management skills? Or are you someone who’s thinking about property management but needs some questions answered first? Look no further! In this episode, we have a special guest, Chase Coleman, sharing his expertise and knowledge on property management.

Thanks for joining in!

In this episode, you’ll also hear:

• Insights on tenant screening
• Important of fraud checks to protect your property
• What are the pros and cons of property management?

Must-listen moments:

[00:04:23] How to screen tenants for criminal records?

[00:08:32] How much does an eviction cost?

[00:12:10] Are you ready to be a landlord?

Special Guest: Chase Coleman of Rental Management Group

Rental Management Group -http://RentalManagementGroup.net
Property Management Nerds -http://PropertyManagementNerds.com

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Want to know more about the basics of property management?

Are you a landlord or a property manager looking to improve your property management skills? Or are you someone who’s thinking about property management but needs some questions answered first? Look no further! In this episode, we have a special guest, Chase Coleman, sharing his expertise and knowledge on property management.

Thanks for joining in!

In this episode, you’ll also hear:

• How to identify reliable tenants
• What is the importance of fraud checks to protect your property
• What are the pros and cons of property management?

Must-listen moments:

[00:02:22] What's an ideal investment property?

[00:04:48] What are the two things that your property maintenance depends on?

[00:07:07] What's the benefit of using a property management company?

Special Guest: Chase Coleman of Rental Management Group

Rental Management Group -http://RentalManagementGroup.net
Property Management Nerds -http://PropertyManagementNerds.com

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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This episode is about applying for a mortgage in 2023…

​​So if you're looking to buy your next home, whether it's your first home or a multiple home or you want to know where to start the process, then this episode is for you.

We're going to cover the basic requirements to apply for a loan, what are the documents that you need to start gathering and be prepared for and then what should you expect at the pre approval process.

In this episode, you’ll also hear:

• Credit score range for your mortgage application.
• Down Payment assistance and your savings - how can these help you with your loan
• 2-2-2: a guide for what documents you need

Must-listen moments:

[00:01:49] How much can you afford to buy a home?

[00:05:12] How do you put all your documents together?

[00:06:33] What are your lending choices - why should you include a local lender to your list?

[00:07:37] Why is your lender not asking for documents?

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In this episode, we'll cover everything you need to know about FHA loans in 2023.

Are you considering an FHA loan and not sure what the basic requirements are? This podcast episode is going to cover the basics of an FHA loan. How to get a pre-approval, how to potentially qualify and so much more…

In this episode, you’ll also hear:

• What is FHA and what does it mean
• What are the basics of an FHA loan
• How to get an FHA loan

Must-listen moments:

[00:07:12] What is the debt-to-income ratio needed to potentially qualify for an FHA loan?

[00:09:52] What do you need to start doing to have the perfect pre-approval for you?

[00:11:36] What income history do you need to have for the FHA loan? How is a gap in your employment relevant to the FHA loan?

[00:14:34] What are the limits for FHA loans for the year 2023?

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Want to know more about buying down your mortgage interest rate using mortgage points?

We'll explain what mortgage points are and how they work. We'll show you how they're calculated and what factors to consider. And lastly, we'll help you determine if buying down your interest rate using mortgage points is right for you!

With this comprehensive guide to mortgage points, you'll be able to make an informed decision and potentially save thousands on your home loan!

Thanks for joining in!

In this episode, you’ll also hear:

• An example calculation of mortgage points
• Discount fee, discount point and origination point: are they all the same?
• What is the law of diminishing returns?

Must-listen moments:

[00:02:11] How mortgage points lower your interest rate?

[00:06:20 What are the things that you should discuss with your local lender?

[00:06:36] What movement does interest rate perform over the years?

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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This episode is about veterans.

So if you are a veteran and you're looking to buy either the first time or multiple times, this is the podcast for you. We're gonna go over exactly what is required. The nuts and the bolts of a VA loan.

Today, I talked with Terry Brown, an underwriter for Legacy Mutual Mortgage, the company I work for.

In this episode, you’ll also hear:

• How to know if you’re qualified for a VA loan.
• What is the minimum credit score required?
• What are the financing and closing costs?

Must-listen moments:

[00:06:21] What are cautions about VA loans?

[00:13:07] What are high point timelines of how VA is more lenient on bankruptcy.

[00:14:56] How long do you need to be back in the workforce?

[00:19:49] Why do you think there is a stigma around property guidelines?

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In this episode, we'll cover everything you need to know about short term rentals and AIRBNB tips.

Our guest is Yvonne Fedee of iTrip, they manage property for short term rentals.

If you're thinking of renting your property out for a short term rental, like an Airbnb, this is the episode for you. We're going to talk about steps to rent your home - long term versus short term rental. What exactly is a property manager, how to choose the proper property manager and how to have a magnificent short term property that everybody wants to rent.

In this episode, you’ll also hear:

• Steps to take if you’re renting your home short-term.
• Decor is the number one thing to consider.
• How to use photographs to highlight short-term rental photography.

Must-listen moments:

[00:03:29] Why would someone use a property manager?

[00:05:51] Property management fees and how they work.

[00:07:17] What to expect from a property manager?

[00:09:19] Decor is the number one thing to consider.

About Yvonne Fedee:

Web: itrip.net/hcw

Email: hcw@itrip.net

Phone: 713-996-9060

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Want to know more about solar panels and if they are right for you? In this episode Jen talks to a solar panel expert, Kelly Kokora. Kelly is with Sunrun, one of the most seasoned and trusted solar panel companies. Kelly and Jen discuss who makes solar panels, the benefits of solar, why solar is not for everyone, and lastly which questions consumers should ask when they are considering solar! Jennifer also adds her perspective from a mortgage loan standpoint, of how solar panels affect buying and selling in the case of the new buyer assuming the original loan for the panels, or if the panels are transferred or moved to the sellers new residence.

This episode is sure to answer many questions you did not even know you had!

Thanks for joining in!

👋 To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

http://checklist.loanwithjen.com/http://apply.loanwithjen.com/

❤️ Follow us on social!https://www.instagram.com/loanwithjen/https://www.facebook.com/loanwithjenhttps://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7ghttps://www.linkedin.com/in/loanwithjen/https://twitter.com/LoanWithJen

Documents Needed to Get Pre-Approved TexasA gift from us at Loan With Jen! Download your personal checklist of all documents needed to get pre-approved for a home in the state of Texas!http://checklist.loanwithjen.com/

Loan With Jen | Do Business With Us!Fortified with 27 years of experience and training, Loan with Jen has the strategies and shortcuts that will equip you with the knowledge to buy, build, or refinance.

Mortgage Lender Houston | Loan With Jen EducationLoan with Jen was created for buyers and the real estate community to ensure that accurate information is available to everyone in need of financing needs. As a mortgage loan officer since 1995 in the Houston area, we have seen many clients come to us that have been misinformed or misguided. Our goal is to bring you accurate information before purchasing your next home so you can make the best and most informed decisions during the home buying process.

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In this episode, we'll cover everything you need to know about buying down your mortgage interest rate using mortgage points. We'll explain what mortgage points are and how they work. We'll show you how they're calculated and what factors to consider. And we'll help you determine if buying down your interest rate using mortgage points is right for you! With this guide to mortgage points, you'll be able to make an informed decision and potentially save thousands on your home loan!

👋 To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

http://checklist.loanwithjen.com/http://apply.loanwithjen.com/

❤️ Follow us on social!https://www.instagram.com/loanwithjen/https://www.facebook.com/loanwithjenhttps://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7ghttps://www.linkedin.com/in/loanwithjen/https://twitter.com/LoanWithJen

Documents Needed to Get Pre-Approved TexasA gift from us at Loan With Jen! Download your personal checklist of all documents needed to get pre-approved for a home in the state of Texas!http://checklist.loanwithjen.com/

Loan With Jen | Do Business With Us!Fortified with 27 years of experience and training, Loan with Jen has the strategies and shortcuts that will equip you with the knowledge to buy, build, or refinance.

Mortgage Lender Houston | Loan With Jen EducationLoan with Jen was created for buyers and the real estate community to ensure that accurate information is available to everyone in need of financing needs. As a mortgage loan officer since 1995 in the Houston area, we have seen many clients come to us that have been misinformed or misguided. Our goal is to bring you accurate information before purchasing your next home so you can make the best and most informed decisions during the home buying process.

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In this episode, we'll be covering all things property tax! We'll start by defining what property tax is, how it's calculated, how property tax can increase, and how that might affect you down the road if you're purchasing a commercial or residential property. Let's jump in!

Resources mentioned in this episode:📺 What's an Escrow Account? https://youtu.be/kenXhwNEUtc

📺 Help! My Escrow Account is Short! https://youtu.be/yuRBELw0Log

👋 To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

http://checklist.loanwithjen.com/http://apply.loanwithjen.com/

❤️ Follow us on social!https://www.instagram.com/loanwithjen/https://www.facebook.com/loanwithjenhttps://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7ghttps://www.linkedin.com/in/loanwithjen/https://twitter.com/LoanWithJen

Documents Needed to Get Pre-Approved TexasA gift from us at Loan With Jen! Download your personal checklist of all documents needed to get pre-approved for a home in the state of Texas!http://checklist.loanwithjen.com/

Loan With Jen | Do Business With Us!Fortified with 27 years of experience and training, Loan with Jen has the strategies and shortcuts that will equip you with the knowledge to buy, build, or refinance.

Mortgage Lender Houston | Loan With Jen EducationLoan with Jen was created for buyers and the real estate community to ensure that accurate information is available to everyone in need of financing needs. As a mortgage loan officer since 1995 in the Houston area, we have seen many clients come to us that have been misinformed or misguided. Our goal is to bring you accurate information before purchasing your next home so you can make the best and most informed decisions during the home buying process.

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Are you wanting to know the home buying process start to finish? This webinar is led by Jennifer Hernandez, 27 year lending expert, as well as 2 realtors in Houston, Texas. Linda Aber and Zofia Lombardi are top producers with Keller Williams Realty. They have a combined experience of over 15 years in real estate.

They will cover the 7 steps to homeownership:

• Developing a Plan
• Why a Relator is Important
• Getting Pre Approved
• Looking at Homes
• Making an Offer/Negotiating
• Finalizing Financing
• Closing Day

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If you're looking to buy a home in 2023, this episode is for you! We'll discuss credit requirements, income to debt ratio and what you can afford, the different loan programs available to you, and how sellers are beginning to pay closing costs. Buckle up and let's go! 🚗💨👋 To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

http://checklist.loanwithjen.com/http://apply.loanwithjen.com/ ❤️ Follow us on social!https://www.instagram.com/loanwithjen/https://www.facebook.com/loanwithjenhttps://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7ghttps://www.linkedin.com/in/loanwithjen/https://twitter.com/LoanWithJen Documents Needed to Get Pre-Approved TexasA gift from us at Loan With Jen! Download your personal checklist of all documents needed to get pre-approved for a home in the state of Texas!http://checklist.loanwithjen.com/ Loan With Jen | Do Business With Us!Fortified with 27 years of experience and training, Loan with Jen has the strategies and shortcuts that will equip you with the knowledge to buy, build, or refinance. Mortgage Lender Houston | Loan With Jen EducationLoan with Jen was created for buyers and the real estate community to ensure that accurate information is available to everyone in need of financing needs. As a mortgage loan officer since 1995 in the Houston area, we have seen many clients come to us that have been misinformed or misguided. Our goal is to bring you accurate information before purchasing your next home so you can make the best and most informed decisions during the home buying process.

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Today we're joined by Gordon Fox, President of Fox Residential Services Group, to chat about what Home Inspections include (structural, electrical, mechanical, and plumbing systems) and why they're so important to indicate red flags to home owners!

Click here to connect with Gordon on LinkedIn!

To learn more: www.foxinspectiongroup.com👋 To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

http://checklist.loanwithjen.com/http://apply.loanwithjen.com/ ❤️ Follow us on social!https://www.instagram.com/loanwithjen/https://www.facebook.com/loanwithjenhttps://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7ghttps://www.linkedin.com/in/loanwithjen/https://twitter.com/LoanWithJen Documents Needed to Get Pre-Approved TexasA gift from us at Loan With Jen! Download your personal checklist of all documents needed to get pre-approved for a home in the state of Texas!http://checklist.loanwithjen.com/ Loan With Jen | Do Business With Us!Fortified with 27 years of experience and training, Loan with Jen has the strategies and shortcuts that will equip you with the knowledge to buy, build, or refinance. Mortgage Lender Houston | Loan With Jen EducationLoan with Jen was created for buyers and the real estate community to ensure that accurate information is available to everyone in need of financing needs. As a mortgage loan officer since 1995 in the Houston area, we have seen many clients come to us that have been misinformed or misguided. Our goal is to bring you accurate information before purchasing your next home so you can make the best and most informed decisions during the home buying process.

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Today we're joined by Appraisal MC's Alex Massa to chat about the Houston, TX home values and price points.

👋 To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

http://checklist.loanwithjen.com/http://apply.loanwithjen.com/ ❤️ Follow us on social!https://www.instagram.com/loanwithjen/https://www.facebook.com/loanwithjenhttps://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7ghttps://www.linkedin.com/in/loanwithjen/https://twitter.com/LoanWithJen Documents Needed to Get Pre-Approved TexasA gift from us at Loan With Jen! Download your personal checklist of all documents needed to get pre-approved for a home in the state of Texas!http://checklist.loanwithjen.com/ Loan With Jen | Do Business With Us!Fortified with 27 years of experience and training, Loan with Jen has the strategies and shortcuts that will equip you with the knowledge to buy, build, or refinance. Mortgage Lender Houston | Loan With Jen EducationLoan with Jen was created for buyers and the real estate community to ensure that accurate information is available to everyone in need of financing needs. As a mortgage loan officer since 1995 in the Houston area, we have seen many clients come to us that have been misinformed or misguided. Our goal is to bring you accurate information before purchasing your next home so you can make the best and most informed decisions during the home buying process.

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In 2022, the real estate industry saw mortgage rates rise shockingly fast! In this episode, we discuss the importance of refinancing your home loan when rates are lower, and because of that, why now is still a great time to buy a house! 

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:https://www.loanwithjeneducation.com/https://www.instagram.com/loanwithjen/https://www.facebook.com/loanwithjenhttps://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7ghttps://www.linkedin.com/in/loanwithjen/https://twitter.com/LoanWithJen

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Condominiums! To some, they are a mystery. This episode will help buyers and realtors understand the main concerns that underwriters have about condos.

Our guest is Chelsea Stephens, a 20 year veteran to the mortgage industry. She currently works with Jennifer at Legacy Mutual Mortgage in operations. She reviews all our condominium projects for approval.

Why do underwriters look at condos differently? The main reason is that the viability of the community, governed by the HOA aka Homeowners Association, is so imperative!

Some of the common questions that lenders have is  owner occupancy percent, reserves in the budget to be sure there is enough money to maintain the community, insurance coverage for the building, but also the board of directors. Are there any lawsuits pending?

This episode will go into detail on the top five deal killers on condos!

To contact us visit www.loanwithjen.com Equal Housing Opportunity Lender NMLS# 514497 Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.Resources mentioned in the episode:https://www.loanwithjeneducation.com/https://www.instagram.com/loanwithjen/https://www.facebook.com/loanwithjenhttps://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7ghttps://www.linkedin.com/in/loanwithjen/https://twitter.com/LoanWithJen

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In this episode, I have a very special guest, Jenn Bailey - A former 3rd party consultant for the FBI. Jenn conducted extensive research into the fraudulent practices by lenders which was a leading factor in the housing market collapse in 2008. In her years of research, going back to 2001, she investigated the chaotic nature of the mortgage system in that decade. Bailey goes into detail regarding the lending corruption she has investigated, different types of frauds, and scams look out for in todays technologically advanced world.

To contact us visit www.loanwithjen.com Equal Housing Opportunity Lender NMLS# 514497 Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.Resources mentioned in the episode:https://www.loanwithjeneducation.com/https://www.instagram.com/loanwithjen/https://www.facebook.com/loanwithjenhttps://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7ghttps://www.linkedin.com/in/loanwithjen/https://twitter.com/LoanWithJen

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Selling your home and want to understand the best secrets to decluttering? In this episode, I am joined by Dai Smith, Creator and Owner of Simplicity By Day - a professional organizing and design company providing simple solution and organizational systems to clients for their homes and businesses. Dai has become a master at combining her client’s design preferences with their organizational goals to create a structured, well-designed layout that meets their distinctive style.In this episode, Dai shares some of her organizational skills, step by step methodology behind stress free cleaning and her tactics behind structuring the dreaded move-out process.I hope this podcast gives some insight into how a professional organizer approaches cleaning, organizing, and packing so that regardless of your living situation, you can condense this process into a less stressful, less time-consuming activity.

About Dai: MBA, AIOP, Sales and Productivity Expert. Award wining sales and marketing strategist, Connector of People, Leader or Processes and Projectshttps://www.simplicitybyday.com/

Socials: Instagram – @alovelydai23YouTube – Simplicity By Day LLC

To contact us visit www.loanwithjen.com Equal Housing Opportunity Lender NMLS# 514497 Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.Resources mentioned in the episode:https://www.loanwithjeneducation.com/https://www.instagram.com/loanwithjen/https://www.facebook.com/loanwithjenhttps://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7ghttps://www.linkedin.com/in/loanwithjen/https://twitter.com/LoanWithJen

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Understandably, most people want privacy if they’ve chosen to get a divorce. However, it’s imperative for realtors to know about a potential split to ensure all bases are covered when buying and selling real estate.

Different rules apply, depending on whether the divorce is legally finalized or not and can affect everything from who receives proceeds to who remains on the title or must be present for the closing transaction.

In today’s episode, I talk with escrow officer Laura Hoker about what happens during the home buying and selling process when homeowners decide to go their separate ways.

If you have questions about how a divorce might impact your buying or selling options, talk to your lender soon.

In this episode, you’ll also hear:

• What to expect when a divorce is not finalized vs. finalized
• Understanding owelty liens and refinancing options for taking out equity
• Details about homestead rights, titles, and factoring in alimony and child support

Must-listen moments:

[00:01:30] Whether you're a buyer or a seller or a realtor, representing the buyer or the seller, the first thing I really need to implore you to learn, the biggest takeaway is you've got to let your realtor know that this [divorce] is happening.

[00:07:49] Under the moving forward with the divorce bullet, it really needs to be finalized or court approved.

[00:25:29] We've had ex spouses that have actually co-signed…they can co-sign without even being on the title. They can co-sign just as a signer…there's different things that can happen to help that spouse that's trying to buy, in order to qualify. There's some creative stuff that can go down there.

About Laura Hoker:

Escrow Officer

https://www.envisiontitletexas.com/houston

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Whether you’re looking for a house to call your forever home or as a property to flip, knowing how much repairs will cost is critical to save time and money.

There’s no magic bullet to repair estimates, but there are some simple strategies to consider when deciding if you’re ready to invest in repairs or need to keep looking.

In today’s episode, I’ve invited Brant Phillips to give insight on how to effectively prepare for home repairs while keeping your budget and emotions in tact.

When Looking at Home Repairs:

1. Know your game plan for the property. Begin with the end in mind. Will it be a long term or short term commitment?
2. What’s the market like? Is it a buyer’s or seller’s market?
3. What’s your return on investment? Will your investment in renovation be worth it in the long run or will you have regrets?
4. Check out the neighborhood and plan to meet, not exceed, the comps.
5. Make a list of the things you should do, want to do, and any extra wow-factor wishes. Then see how you can do it cost effectively.
6. Quick rehab analysis: Estimate spending $15-20 per square foot for cosmetics alone. Price out major components like HVAC, AC, roof, and foundation separately.
7. Get bids by calling contractors, get prices that include labor and materials. Ask for referrals from local real estate investors, and remember: How you do one thing is how you do all things. Carefully interview your contractors before hiring them.

Remember it’s always best to make an educated decision when it comes to any home buying costs so be sure to talk with your lender if needed.

In this episode, you’ll also hear:

• Knowing the market, your goals, and beginning with the end in mind
• Formula for quick estimates vs. accurate estimates with bids
• Tips for finding reliable contractors and what to know about inspection reports

Must-listen moments:

[00:19:36] You're just making a list right now, beginning with the end in mind. We don't know everything that we're gonna do just yet, but we're making a plan. And what you may have to do is alter and tweak some things depending on where your budget comes out.

[00:27:58] You really don't want to exceed the costs for your neighborhood. You want to meet them and check the boxes on what other homes in that neighborhood are doing. This could be for your $250,000 home or your $5 million home, and you want to look and see what is par for the course in this neighborhood and just keep that in mind when you're thinking about your future exit.

[00:45:52] How you do one thing is how you do all things. So when you are getting bids from contractors, even though your contractors may not realize it, the bid process is the interview.

About Brant Phillips:

Brant is a full-time real estate investor, business owner, business coach, speaker, realtor and bestselling author.

https://brantphillips.com/

How to Flip a House - https://www.amazon.com/How-Flip-House-Fundamentals-Successful/dp/1494994984

YouTube-https://www.youtube.com/c/RealEstateFundamentalswithBrantPhillips

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Mortgage rates change daily, sometimes even multiple times in a day.

On the same note, not all lending companies offer the same rates because interest rates vary since different lenders have different margins. Homebuyers really need to consider their overall expectations when selecting a lending company and understand what is and is not in their control when it comes to rates.

Things you cannot control that affect rates on a daily basis: Inflation and economic activity such as jobless claims, consumer price index, job reports, wage earnings reports, and more.

What you can control when it comes to interest rates: Your credit score, loan type, loan amount, down payment, property type and property usage.

In today’s episode, I explain what factors influence mortgage rates and what buyers can expect based on how the economy is doing.

If you ever want to find out what rates are currently doing, contact your lender and ask!

In this episode, you’ll also hear:

• Understanding why mortgage rates fluctuate often
• Recognizing what is and what is not in your control as a buyer
• How different loans and home types influence interest rates

Must-listen moments:

[00:06:00] Rates can change daily, so a rate on Tuesday is very different, possibly, possibly not different than a rate on Friday.

[00:10:41] When the economy has bad news, rates tend to be lower. When there's good economic news, rates are higher.

[00:18:35] Again, 20% down does not always have the lowest rate…that's a myth. 25% down is another tier where the rate might start to improve, and again, it depends on credit score, depends on property types…

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Unfortunately, the reality for some homeowners is that they may have to sell their home quickly either due to financial or situational distress.

But what options do homeowners have to sell their property when they don’t have the time or resources for the traditional home selling process?

Creative financing is an option available that many homeowners, and even investors, may not know about but should.

In today’s episode, southern California real estate agent Lisa Mailhot joins me to explain just what creative financing entails, why it’s far from illegal, and how it can work in your favor with the right terms and communication.

Remember creative financing may not be applicable to your situation so it’s important to speak to your lender about your options.

In this episode, you’ll also hear:

• How a “Subject To” is different from a wraparound note
• How creative financing works for buyers and sellers
• Understanding the opportunities creative financing provides

Must-listen moments:

[00:01:25] There's so many different ways to structure a creative finance deal, and ultimately it comes down to just creating a win-win situation for the seller to be able to get out of whatever situation they're in and be able to sell their home, and for the buyer to be able to buy with something structured differently than your standard mortgage...

[00:09:35] For the seller, we can set up third party servicing companies to make the mortgage payment…there's definitely companies that'll handle that, that middle part, just so everybody feels really comfortable.

[00:11:00] There's so many creative financing opportunities that are really, really opportunistic for the buyer and really, really opportunistic for the seller.

About Lisa Mailhot:

Real Estate Agent in Southern California

https://whitestonere.com/agents/lisa-mailhot

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Everyone makes mistakes and it’s important to understand the cost of financial missteps when it comes to your credit.

There are too many companies out there today that promise to erase your credit woes when that simply isn’t true, much less possible.

In today’s episode, I chat with Luisa Deason about common credit score myths, red flags of companies claiming to offer credit repair, and what action to take if you need help with credit restoration.

Your credit score is crucial in the homebuying process so if you’re planning to buy in the next year or so, make sure you talk with your lender soon.

In this episode, you’ll also hear:

• How mortgage inquiries and late payments impact your credit score
• Understanding credit bureaus, collections, deletions, and ways to improve your score
• Advice for planning ahead and working with a credit restoration company

Must-listen moments:

[00:05:00] It's harder to remove a late payment than it is a bankruptcy that has been discharged and it's been two years from the discharge date.

[00:14:51] The credit bureaus are companies that are private and they are for profit. They're making money off the things that are reported on there, and they sell your personal information.

[00:27:30] When you've gone through three or four or five different companies in the last four years to try to restore credit or repair things on your credit, then you're not utilizing the right company because those things should not be popping back up.

About Luisa Deason:

Owner of Deason Consulting Services

https://www.freedompath.com/luisa/enrollment/start

luisa@deasonconsultingservices.com

832-244-2488

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Are you looking to invest in real estate and not sure of the different ways to invest? Investing in real estate can help generate extra income, but you must decide how involved you want to be in the process.

Do you want to be part of the demo crew, knock down walls, and flip houses? Or do you want to contribute some money while other people take care of the details?

In today’s episode, Chris Bounds joins me to shed light on how to get the most out of an investment property without necessarily doing all the work. He has a team with eXp Realty and also owns InvestedX. He has flipped over 200 houses and currently educates investors on how to invest in real estate and, more specifically, passively invest in real estate.

It’s important to understand the difference between passive and active income:

PASSIVE INVESTING – is income that you earn without having to work daily into it directly. It allows you to do work one time and allows you to make money after that one time. For example, you can invest a certain amount in a real estate fund or a syndicated property and receive a recurring monthly amount while the asset managers take care of the tenants and property management.

ACTIVE INVESTING – income produced from directly owning real estate properties that require your time and energy. A great example of this is residential rentals, like single-family homes and duplexes. You’re fully responsible as a landlord for managing the property, communicating with and keeping tenants happy, and covering maintenance and expenses that may come up. You earn rental income and own the appreciating asset in exchange for your time and energy.

Chris provides some wisdom about investing during an inflationary environment and reminds everyone to make sure the numbers make sense for them.

In this episode, you’ll also hear:

• Understanding active vs. passive income and investments
• Recognizing how real estate performs in an ever-shifting market
• Advice for investing when a recession is possible

Must-listen moments:

[00:03:57] That's where passive income comes in. It's work that you do one time but has continuing income coming in, month in, month out.

[00:10:13] Real estate has been an investment vehicle in environments where there are 20% interest rates and 2% and everywhere in between. There are always opportunities.

[00:11:12] Long term does not mean six months or twelve months. I'm talking five, ten years…if you can stay in an investment for that long, and it makes sense—it makes financial sense for you—you’re going to be alright.

About Chris Bounds:

Chris is a real estate investor, Realtor, and Top 1% Growth Leader at eXp Realty.

https://www.investedx.com/

https://www.linkedin.com/in/chrisbounds/

To contact Jen and team, visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Regardless of credit score, certain documents are required of every buyer in the home-buying process.

These documents are part of every lender’s responsibility to ensure all cards are on the table and all numbers add up to avoid any surprises.

In today’s episode, I cover details about what documents are non-negotiable, how assets, earnings, properties and special circumstances are handled, and why it’s necessary to verify all debts and income.

Remember these documents are mandatory for every buyer, so talk with your lender about which loan program works best for you.

In this episode, you’ll also hear:

• The rule of 2-2-2 and what underwriters look for on statements
• Considerations for work history and self-employment
• Why down payments don’t influence the document process

Must-listen moments:

[00:01:30] 2, 2, 2: We need two bank statements—two month’s bank statements, two pay stubs—if you're paid bimonthly, two pay stubs, and two W2 forms—two years of W2s.

[00:12:14] Know behind that door of asking those questions, it's all in the spirit of verifying your exact income and your exact obligations, without a shadow of a doubt.

[00:13:05] Everybody has to provide the same documents regardless of down payment or credit score.

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Investing in real estate can be pricey but it doesn’t have to drain your bank account.

Paying 20% down isn’t law, and prepaying less up front could potentially lead to long term gains instead of letting your money sit stagnant wrapped up in your house.

In today’s episode, Karyna Gutiérrez, President of Exfinia Financial Services, joins me to break down the best options for investment vehicles and shares the importance of reviewing your numbers to know where your investments will have the biggest return.

Be sure to talk with a financial advisor to ensure your investments are sustainable and making the most money for you.

In this episode, you’ll also hear:

• Understanding investments during the upside and downside of the market
• Benefits of diversifying and passive investment opportunities
• Suggestions for putting your equity to work and leveraging your real estate

Must-listen moments:

[00:06:35] If you have the liquidity, I'd rather invest it in some of these instruments…we can find the one that best suits your risk tolerance and keep the difference.

[00:09:05] There are other instruments where you can participate in the upside of the market and not the downside, and they can still give you very good returns.

[00:21:00] Allow yourself to go over the analysis. Look at the numbers. Math doesn't lie.

About Karyna Gutiérrez:

Karyna Rodríguez Gutiérrez, president of Exfinia Financial Services, Inc., graduated from the

Instituto Tecnológico de Monterrey in Public Accounting with a specialization in Finance.

https://www.exfinia.com/

Contact: info@exfinia.com

Universo Financiero Podcast - https://podcasts.apple.com/us/podcast/universo-financiero/id1597991539

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Whether you’re buying or selling a home, appraisals are critical to the lending process and come with regulations most homeowners don’t know about.

The appraisal process significantly changed after the 2008 housing crisis and now requires a level of anonymity some might find surprising.

In today’s episode, I’m talking with Alex Massa all about how appraisals are ordered and executed, and we also do a quick pulse-check of the current market and what’s in store for the future.

Market shifts can create uncertainty, and it’s easy to get discouraged when the numbers you’re hoping for don’t align. Be sure to ask your lender if a 2-1 buydown is the best option for you as you look for a home within your ideal budget.

In this episode, you’ll also hear:

• How the market is slowly shifting back to FHA loans and less competing offers
• Why Texas is still a boom town for the housing market
• Benefits of a 2-1 buydown

Must-listen moments:

[00:06:13] No one that's interested in the outcome of the report can be involved in choosing the appraisal.

[00:14:32] The problem is that prices are still high..the good news is that they're stabilizing.

[00:18:30] What we do is we make the payment, the first year is lower—it's suppressed. Then the second year, it goes up a little bit. It's like you're stair stepping the payment…you're deferring interest…but for the consumer, it lets them ease into the payment.”

About Alex Massa:

Chief Executive Officer at Appraisal MC

https://www.appraisalmc.com/

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

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Home insurance is a top priority for homeowners but not everyone understands what is and isn’t covered in their policy from year to year.

You may not realize your coverage is limited instead of being open to unpredictable accidents or damage from natural disasters such as high winds, floods, or hurricanes.

In today’s episode, I’ve invited insurance agent Kathy Leger to help clarify what homeowners need to know when looking for home insurance. We’ll also discuss questions around liability, deductibles, what reconstruction costs actually cover, and important updates about FEMA’s flood rates.

If your insurance is up for renewal soon, it’s important to remember to reach out to your agent to get the most accurate quote possible.

Here are 5 items a home insurance quote should address:

1. Insurance Company Rating - The carrier should be A-rated. Ask your agent or Google for their A.M. Best rating or Demotech rating.
2. Open Peril Coverage - Select this option over “Peril” to ensure you’re getting as much coverage as possible.
3. Foundation - Covers pipes and problems under the foundation or within the foundation.
4. Water Backup - Helps when water is going the wrong way out of toilets, tubs, or sinks.
5. Continuous Seepage/Water Damage - Helps cover leaks no matter how long they’ve been occurring.

Remember, when you receive your quote, make sure you thoroughly review it and understand what is and is not guaranteed for your policy.

In this episode, you’ll also hear:

• Whether you should reshop your home insurance every year
• What liability and medical coverage means for homeowners
• Understanding insurance companies don’t give anything for free
• FEMA’s new policy for flood insurance rates

Must-listen moments:

[00:09:18] Two main types of homeowner’s insurance - peril and open peril.

[00:22:18] Common misconceptions about deductibles

[00:30:27] 100% replacement cost isn’t always true, especially for roofs

About Kathy Leger:

Mother of two boys and a licensed agent for 18 years, Kathy has a passion for helping others make their best informed decisions.

myagent@legerinsurance.com

https://www.legerinsurance.com/the-team

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In Texas, property taxes are due annually, but what if you had all the information at your fingertips to allow you to protest your property taxes correctly and win?

Navigating the property tax protest process well, could save you thousands of dollars per year and that could really add up over the lifetime ownership of your properties!

In this episode, I’m providing you with resources and the vocabulary you need here in Harris County and areas surrounding Houston, TX. If you are outside of the area, check with a local expert.

As a homeowner in Texas, it’s likely you’ve already faced a property tax hike. If you haven’t, you will soon. Which is exactly why it will be so handy to know the intricate facets of filing a property tax protest, including who to contact for help and how to fill out the form.

If you’re wondering why you should protest your property taxes, take advice like I did from Rodney Curry, who provided me a wealth of information when I was going through the process.

Here are the 4 reasons you should protest your property tax valuation:

1. Equity - The least advisable protest reason - not impossible, but challenging
2. Comparables- Think about how outdated your home is in relation to others on the market
3. Condition- Similar to comparables and it’s the easiest to win. The catch is you can’t do this every year.
4. Square Footage - Inconsistencies in reported square footage are quite common. Implementing this protest strategy requires caution.

When submitting a protest, it’s completely up to you to provide accurate information, such as the exact statistics, the correct square footage, etc. There is a limited amount of public information available when it comes to the valuation formula for residential properties, and you don’t want to leave anything on the table. Having a real estate expert on your side to help you file a protest is crucial at this stage.

In this episode, listen for:

• The appraised value is the basis of your property tax calculation
• You must pick a solid, strategic reason for filing a protest
• Ensure you have all the correct data when filing

Must-listen Moments:

[9:17] Exemptions are available in Texas to protect certain homeowners (elderly, homestead, etc.) from steep value increases.

[17:23] Values continuously go up, therefore, the protest process is very specific and you must present support for only the reason you filed.

[25:59] CMA is a comparative market analysis tool in which you can see values for other homes with similar features to yours.

Now, let's do this!

You can find us on every platform @ Loan With Jen

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

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“Structure is success!”

Having seen my parents struggle from one paycheck to the next while I was growing up, I know firsthand how difficult it can be. Struggle wasn’t in the recipe for the life I envisioned for myself, but I never learned the basics of money or the discipline of saving until later on.

Never was I taught the importance of budgeting or how to handle financial difficulties. As time progressed, I became increasingly aware that I had to take action and face my financial habits head-on.

Around 2008, my unhealthy habits accumulated to around $100,000 in debt and deep financial distress. With help, I was able to settle my debt in less than one year and received coaching that helped me increase my savings rate from zero to 20% to 40% and develop much better spending habits.

My goal is that by sharing my experience with you, you will be better prepared to avoid making the same mistakes I did. If you’ve already found yourself inan tough spot, let this episode be confirmation that you CAN dig out of debt and create a more financially secure life. I learned that structure and accountability are crucial!

In this episode, we’ll walk together through what might be affecting your financial decisions, and you’ll see that it’s ultimately up to you to make prosperous choices with your money and have a positive outlook. Organizing your financial obligations, accounts, and 401(k) information, and deciding on an investment strategy that will work for you long-term are all must-do’s when it comes to getting on your financial feet.

Creating a survival budget is crucial for your long-term security because it allows you to assess your current expenditures and identify areas where you may reduce costs and increase your savings. For me, accountability plays an enormous role. I benefited greatly from having a coach as they kept me from falling into the trenches trying to navigate it all on my own, which is why I highly recommend you seek a coach in any area of your life where you feel like your struggling. You don’t have to do it alone.

In this episode, you’ll also hear:

• Focus on what you can control and let go of what you can't
• It's the repetition and the consistency that will help you reach your goals
• With costs on the rise, it’s more important than ever to implement structured savings for our future

Must-listen moments:

[6:52] Stats on how COVID has forced Americans to save while living paycheck to paycheck

[11:55] How to use real estate as a productive asset when you retire

[14:50] Working backwards from your spending habits will help you determine how much of your paycheck you should be setting aside for savings

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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In this hot housing market, buyers have to move quickly since there are likely multiple offers on their desired property. In this episode, I’ll walk you through the various provisions of the contract and explain some strategies for making your offer stand out from the competition.

You don’t have to have an all-cash offer to win the bidding war, but you do need the most thorough offer because sellers typically select the offer they believe will make it all the way to the closing table.

Whenever you’re making an offer, whoever your realtor and lender are, you need to make sure they are connected early on in your home-buying journey.

Today, we’ll cover strategies to consider before submitting a loan application or an offer to purchase a home. I’ll also discuss segments of the contract that your lender and real estate agent will review as part of the approval process.

If you're in the market to purchase and want to tour homes outside typical business hours, you'll need to know how to contact your lender. I'm a Texas-based lender who does work weekends on purpose so that I can get buyers the preapproval letters and documents they need immediately when they find a home they love.

There are some options to waive inspections, grace periods, and earnest fees, but before you go checking boxes on a legal agreement, listen here to make sure you know what waiving those sections could mean for you.

Discuss every option of the contract with your lender and real estate agent before submitting your offer.

In this episode, you’ll also hear:

• During the pre-audit and pre-underwriting phase, your lender will look at everything before all is submitted
• What is the benefit of putting more money down at closing?
• When you need an appraisal and your options around appraisal waivers

Must-listen moments:

[6:11] Education on Title Policy- What are you paying, what is the miscellaneous fee and how you calculate the fee

[9:44] Option fee, which describes the termination option

[14:55] Financing contingency for self-employed borrowers and what the process is like

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX, area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Homeowners in Texas have either heard about or experienced the dreaded escrow shortage and would prefer to avoid it at all costs since it often results in an increased house payment.

An escrow shortage occurs when the taxes and insurance portion of your mortgage payment that gets set aside each month can no longer cover the full value of the homeowners’ insurance premium or the annual property taxes.

Every single year, escrow analysis is done by your mortgage company in February or March. Then, property tax values come out, providing you the opportunity to protest them during the summer.

If you are looking to buy a home in Texas, you should expect to shop around for homeowners’ insurance yearly so that you’ll always be abreast of your insurance premium and knowlegable about your coverage.

When you receive the escrow analysis statement from your mortgage company, you may face a payment increase to adjust for the rising taxes and insurance premiums. However, when you understand how to read the statement, you’ll see you have several alternatives.

In this episode, I’ll walk you through how to read your escrow analysis statement, explain how to ensure your escrow account stays funded, and how to perform your own due diligence on property tax payments and insurance premiums. If you follow the math and can be resourceful, you may discover an error in the mortgage company’s escrow analysis, resulting in less of a monthly payment increase.

Get out your statement, a pen, and highlighters! We’re going to investigate your escrow analysis together.

In this episode, you’ll also hear:

• If you have a government-backed mortgage loan such as FHA, VA, or USDA, then it’s mandatory to have an escrow account
• How to analyze the estimated cost of taxes or insurance vs. the increase in your payment
• Understanding which taxing entities (city, county, school districts, etc.) will be on your annual property tax bill

Must-listen moments:

[02:08] Explanation of what an escrow account is

[08:45] Two ways your lender can reconcile your escrow account

[14:15] What are the keywords to look for when you’re looking at your escrow account statement

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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Did you know every year the conventional and FHA loan amounts can change?

This year, we’re experiencing record-setting home values across the country. Although there are many types of loans for homebuyers, the main ones are FHA and Conventional.

Home values are so hot these days, that both loan types have raised their maximum loan amounts.

In today’s episode, we’re going to discuss the definitions and differences between an FHA and a conventional loan.

The term FHA refers to the Federal Housing Administration. This is the type of loan that the government will fund and monitor on your behalf. You’ll never have to pay your mortgage payment to the government, they are simply backing the funding for your loan through your mortgage company. The United States Department of Housing and Urban Development oversees the guidelines and the security of the loans made.

Fannie Mae and Freddie Mac are the organizations that set the guidelines for conventional loans. In the same way the FHA loan works, you won’t be making payments to Fannie or Freddie, but directly to the mortgage lender. The maximum loan amount is $647,200. Anything below that amount is called a conforming loan and must abide by their rules.

Loans above that $647K figure are called Jumbo Loans and are called non-conforming loans. We’ll talk more about that another time.

In this episode, listen for:

• How the underwriting guidelines for an FHA Loan are flexible
• What is the debt income ratio for an FHA loan
• Criteria you’d need to meet and down payment percentage requirements you can expect, based on each different type of loan

Must-listen Moments:

[1:32] The current loan amount in 2022 maximum for FHA loans is $420,680

[2:47] Why a mortgage insurance premium or MIP is required on some loans and how to avoid it

[6:52] The biggest difference between the FHA and Conventional loan

Now, let's do this!

You can find us on every platform @ Loan With Jen

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

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The Fair Isaac Credit Corporation began operations in the early 1950s and is known as FICO. The organization had already begun conducting data analytics prior to the formation of Experian, TransUnion, and Equifax. They wanted to create transparency and consistency with their data. Keep in mind that back then, there were no computers, but these businesses all had the unified goal of providing a scoring system that could be used across the board.

The organizations we now know as the main 3 credit score companies realized that since Fair Isaac was analyzing data anyhow, they could design a model that would calculate a credit score based on a person’s borrowing and repayment history, among other factors. It was at that time the FICO score first became available to consumers.

When you apply for a loan, a credit check will take place, and in this episode, we’re going to debunk some myths and share some truths surrounding the credit check process.

First, when someone calls about a loan and leads the conversation by sharing their credit score number, my first question is, “Where did you get your credit score?”

By no means are we discouraging you from obtaining your score from other sources like your credit card company, Credit Karma, and the like, because monitoring your score is beneficial to the overall health of your financial life. However, you should know lenders are required to always pull a credit report (and we all use the same system so your rates are being quoted fairly across lenders) when initiating financing.

In this episode, you’ll also hear:

• Facts surrounding your credit score, what’s cumulative, and what’s shown when your credit is pulled from FICO
• When you apply for a loan, expect your loan officer to receive a slightly different credit score than what you saw online
• The credit score mortgage companies employ does not consider the inquiry for a period of forty-five days, and the score remains accurate for four months.

Must-listen moments:

[4:26] Lenders are required to adhere systematically to a single, unified source for scoring credit. If not, the banks wouldn’t be able to sell the loans to one another.

[7:40] It’s not the inquiry that’s going to harm your score, but everything else you’re doing with your credit may, and there are a few reasons this is the case.

[8:30] Why it’s recommended you have a lender pull your credit report four to six months before you begin the house buying process.

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.myfico.com/

https://www.youtube.com/c/LoanWithJen/videos

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While I completely understand why everyone’s concerned about a housing bubble, the data shows that we actually are not facing another one right now.

Anytime we start to hear rumors of impending doom, it’s important to go back to the facts. In this episode, we talk through the data we have now and compare it to the data that led up to the housing bubble and the subsequent housing crash of ‘08 -’09.

From my experience, this market in 2022 is unique from anything I’ve seen. The big question I’ve been getting lately is whether housing values will fall and whether there will be a rush of foreclosures on the market.

During the pandemic, lenders were unable to foreclose on homeowners' homes due to moratoriums that prevented them from doing so.

Leading up to the housing crash of 2008, there were few regulations for lenders, and obtaining a home loan was simple for consumers. Things are different now, and there are laws and restrictions as a result of those ‘wild-west’ full-value loans.

Right now, financial institutions are doing a fantastic job of ensuring that homeowners are keeping their debt-to-income ratios within reasonable limits, which further ensures homeowners can afford their homes over time.

Where is the market going? We’re looking at the historical data in order to forecast the upcoming housing market, rates, and inventory. In short, nothing indicates we’re headed toward home values declining.

In this episode, you’ll also hear:

• In times like these, some homeowners choose to downsize and pay off all their debt by selling their homes and “cashing out” on the equity
• How new-build homes typically limit appreciation and why low inventory is causing a steep appreciation in the housing market
• Why demand for Texas homes is higher than the national average

Must-listen moments:

[3:05] Since 1945, home values slid backward one time only, and that was in 2008

[10:45] Mortgage rates have been low for an extended period, which required a smaller percentage of people's income to be spent on housing costs

[14:10] The forecast of the overall house appreciation nationally is 9% and much higher (Houston is facing 15%) for local markets

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen

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You’re excited at the prospect of finding and buying the perfect home, but the purchase and financing process seems daunting, right?

No worries, I’m here to explain the entire home buying process, step-by-step.

In today's episode, we’ll talk through an overview of the basic steps for buying a new home, which will help you develop your financial plan for making your homeownership move.

From the highest, most simplistic level, you’ll get pre-approved with a lender first. Then, begin looking for homes and selecting your realtor. And finally, you’ll choose a lender and secure a contract on your home purchase.

The process of purchasing a home can be broken down into three steps:

The first step consists of research and planning. Once you have a clear idea of what you want in a new home, both the real estate agent and the lender can better assist you in achieving your goals. They have the ability to help you make sense of wild variables when you feel unsure or overwhelmed.

The selection of a real estate agent is a major component of step two (maybe the most important) and will take place simultaneously with the selection of a lender. Realtors play an important role in helping you find a new home in alignment with your goals, and using their services won't cost you anything.

By using a real estate agent, you’re looping in additional team members who can look out for your best interests in the home buying process. Finding and buying a new home can be an emotional journey.

Realtors bring professionalism to the table, assisting in leading you through the various stages of the process that are yet to come, including negotiating, directing you through inspections, having things in order, and reminding you of important details.

Step three is making certain you’ve been pre-approved by a lender for financing. Your realtor will be able to recommend lenders with whom they have an existing, trusted relationship, again, speeding up and decomplicating the process.

In this current market, homes are on and off the market sometimes within 24 or 48 hours. So, it’s imperative that you get pre-approved with a lender first and then find a property on which to make an offer. Having your credit pulled and your documents reviewed during the preapproval process secures your opportunity to finance your new home and gives any offers you make more weight.

The biggest myth I’m busting today is about credit inquiries as you shop for a mortgage. Listen in!

In this episode, you’ll also hear:

• Why it’s important to take your time when choosing your realtor and lender
• Why I’m recommending buying now and moving out of the rental market if possible
• How lenders really pull your credit and what impact it has on your credit score

Must-listen Moments:

[8:08] Three main types of homes: Single family homes, townhomes, and condominiums. Which is best for you?

[12:58] When you don’t use a realtor, you’re leaving money on the table

[37:32] After the contract has been negotiated, it’s time to secure financing with your lender and pick a closing date!

To contact us visit www.loanwithjen.com

Equal Housing Opportunity Lender NMLS# 514497

Click Follow on your podcast app and share the show with a friend who’s thinking about buying a home in the Houston, TX area.

Resources mentioned in the episode:

https://www.consumerfinance.gov/

https://www.myfico.com/

https://www.youtube.com/c/LoanWithJen/videos

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If you're in the Houston, TX area and are trying to find financing for your new home, you're in the right place! Jennifer Hughes Hernandez is a Senior Loan Officer and Top Producer in Legacy’s Houston area office. Jennifer has built her business 100% on referrals most notably because she loves to deliver the dream of homeownership with a reliable, accurate, and personalized experience.

Jennifer and her team’s reputation is known for closing accurately, on time, and with lots of communication.

The Loan with Jen brand was created for buyers and the real estate community to ensure that accurate information is available to those in need of financing. As a mortgage loan officer since 1995, she has seen many clients that have been misinformed or misguided. Jen's goal is to bring you accurate information throughout the home buying process so you can make the best and most informed decisions about obtaining a mortgage.

Whether you're thinking about moving, already looking at homes, or just curious about what kind of loan terms you might qualify for, Jen's got valuable information just for you.

Her motto is “Real Facts No BS!” when it comes to the home financing process because she believes homeownership should be achievable with a reliable, accurate, and personalized experience.

During the weekly show, you’ll hear about her real experiences as a loan originator, from industry professionals, and from home buyers themselves.

Jennifer's passion has become educating and coaching families and individuals put the puzzle pieces together for each specific need.

Now, let's do this!

You can find us on every platform @LoanWithJen

https://www.loanwithjeneducation.com/

https://www.instagram.com/loanwithjen/

https://www.facebook.com/loanwithjen

https://www.youtube.com/channel/UCFrSijIoUv59fxf0hXMro7g

https://www.linkedin.com/in/loanwithjen/

https://twitter.com/LoanWithJen