Signs Your Mortgage Lender Has High Fees and Is Overcharging You (Sneaky Lender Fees To Avoid) ⚠️🏠
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- Опубліковано 12 вер 2022
- #mortgages #mortgagelender #lenders
Clearly, I love doing loans! Need a mortgage or want to chat about your scenario? I am licensed in 48 states for purchase and refinances. Here is how to contact me:
1) Book a call with me: calendly.com/jennifer-beeston
2) Apply for a mortgage now at www.zerostressmortgage.com If you apply please text me your full name and email address letting me know so I can look for your app:) TEXT 707-478-0637
3) Call me 707-478-0637
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Jennifer Beeston, SVP Mortgage Lending NMLS 247743 at Guaranteed Rate, Inc. NMLS 2611
Branch Address: 4863 Old Redwood HWY, Suite D, Santa Rosa, CA 95403
Equal Housing Lender - For licensing, go to www.nmlsconsumeraccess.org
Top 1% in the nation 2016-2021
More Helpful Content:
Home Loan Basics: • Playlist
VA Loans: • Playlist
Real Estate Breaking News: • Playlist
Mortgage Rates/Refinancing: • Playlist
Mortgage and Home Buying: ua-cam.com/play/PLj.html...
www.zerostressmortgage.com
NMLS #247743 Guaranteed Rate NMLS 2611
www.guaranteedrate.com/discla...
www.guaranteedrate.com/licens...
Equal Housing Lender - www.nmlsconsumeraccess.org
State License Numbers: AK - AK247743, AL - 72998, AR - Licensed, AZ - 1007541, CA - CA-DOC247743, CO - 100516570, CT - LO-247743, DC - MLO247743, DE - MLO-247743, FL - LO66900, GA - 70357, HI - HI-247743, IA - 33839, ID - MLO-2080247743, IL - 031.0054184, IN - 41478, KS - LO.0039219, KY - MC717200, LA - Licensed, MA - MLO247743, ME - Licensed, MI - 247743, MN - MN-MLO-247743, MO - MO-247743, MS-247743, MT - 247743, NC - I-189119, ND - NDMLO247743, NH - Licensed, NM - Licensed, NV - 66544, NY - Licensed, OH - MLO-OH.247743, OK - MLO20600, OR - 247743, PA-247743, SC - MLO - 247743, SD - MLO.08498, TN - 205478, TX - Licensed, VA - MLO-40552VA, VT - VT247743, WA - MLO-247743, WI - 247743, WV - LO-247743, WY - 8203
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information.
All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate, Inc. Guaranteed Rate, Inc. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.
Guaranteed Rate, Inc. is a private corporation organized under the laws of the State of Delaware. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture or any other government agency.
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This point is priceless and the example is super ... Thank you so much .
I love your candidness on your videos, hopefully will be relocating next year sometime and hoping to get in touch with you next month to start preparing.
Jenn and her team are amazing! Have spoken to Alyssa and Jenn A., and they’re super friendly, transparent and kind. Best wishes to all those currently in the lending phase of buying a property 🤞🏽❤️
❤️❤️❤️❤️
You rock Jen!
Love ur videos. I really appreciate for all that u r doing for people.
I appreciate that! Thank you for watching! (:
Thank you Jennifer!
You are so helpful!
Thank you!
@@JenniferBeeston Just spoke to your team! Thank you!
I have been licensed as a LO for sometime and have been following your content just to give me confirmation that there are still decent legit people in the industry. I left a top heavy retail branch because it didn't feel right when we are able to do better for people now. Unfortunately, in my market I haven't been able to get reestablished or get my message out like you are doing on this page. Great that you are keeping it real.
Which company did you leave if you don’t mind me asking? I just left Rocket
@@queenofallusa5391 Hey I was with Success Mortgage Partners under their top producing branch manager
It's inflation, they say. "Prices are high, so our rates should be high, too."
People should really beware of this kind of people. It's a great thing you presented this issue. Great work!
I have a phone call scheduled with her on the 22nd. She seems likely to steer me in the right direction. This will be my first home purchase and I'm confused on a lot of different things and don't trust many people when it comes to my money.
You’ll be in good shape with Jen and her team. They helped me get my first place in late 2020. I had checked out a number of online lenders and am so glad I went with Jen and G Rate.
Thx rockstar
I love your honesty and I'm so glad you're licensed in CA!
Thank you so much Phedan !! (:
Good info. btw what items are included in the Lender fee?
Hi Jennifer. I just found your channel and I'm incredibly impressed with your content. I followed your link to schedule an appt/consultation but the calendar said no availability for September. When does the October calendar open, I wasn't able to select a different month. Thanks!
I am so sorry about that. I will look into calendar issue. Please give me a call 707-478-0637 and I am happy to chat. Otherwise calendar issue should be resolved on Monday.
You are describing bankers and lenders in Puerto Rico! Please come and save us, Veterans need your help!
Verygood
Hello ! Love the channel ! After following your tips I was able to download the app you recommended but I’m not able to see the rates … am I missing something ?? Any help would be much appreciated !! TIA !! PS- Utah is patiently waiting for you…….
They are currently redesigning the app. There is a whole new one coming out in a few months.
Awesomeness
Thanks Josie;)
Listing Jenn on one of the people I watch to educate myself about real estate purchase. I just found out too late. My offer got accepted already and our closing date is too soon so I’ll work with the lender I have. I remember you mentioned Texas is your #1 state. Can you make a video about texas grants DPA with VA loan?
Also, where do you even know the market stuff to base the lender fee so we know where to find it? Say here in North Texas. I thought origination fee varies on house prices. I remember them saying with one grant the origination fee is 1% of thr purchase price.
DPA is its own world and has fees that vary based on the program
I almost went with waterstone mortgage, but during the process they never mentioned the fee or the rate. I decided not to buy so I never got that info
Hey Jen, can you let me know how the mortgage lenders get paid?
OMG..didn't know to ask
what is your opinion on the 203k loan
I see home prices are dropping but because of increasing interest rates, the monthly mortgage payment is still tight even for those who get qualified. I wonder if there is a little breather next year?
I am hoping for a rate breather mid next year but this is 100% crystal ball territory
So awesome. I just asked a dude at rocket mortgage to tell me your fees. He couldn’t. Either he was lazy or not competitive.
Happy to help. Yeah its crazy how a simple question stumps lenders and it is a reallllll easy question. For instance my lender fee is $1440 on all loans except for VA as we waive our lender fee on VA. Easy right:)
@@JenniferBeeston then you will love this. I work for Textron, we are supposed to have a relationship with Rocket mortgage where they give us a discount or money back at closing due to the affiliate program. But this idiot could not even give me basic information. Unbelievable. And not my first rodeo. My next land/house/ purchase will be my 10th. I'm always trying to stay informed. Thanks for what you do.
Question: I want to buy on the lake front in Chicago. There are very few, very few condos approved by VA. Is there a one time waiver?
I have not seen the one time waiver but I heard rumors of it. We can often get them approved but the HOA has to be willing
@@JenniferBeeston can I get an estimate without my ssn to see what I qualify for? Do not want my credit rating to go up before I pick a lender.
my lender was $1 0,000 thnak you i asked many lender and they dont really response
My bad..I found it in the description...
My lender totally wore sweats to our first date. Ugh!
🤣🤣🤣🤣. I am assuming you dumped them
When you were saying 17k for closing costs are high what price range home is that for? I just bought a home for 410k and their lender fees were like 3k but he got me a 4.25% interest rate. The 17k included the like $8,000 a year for taxes in escrow
You can choose to not escrow your taxes and insurance which would probably be a better option because you’re paying interest off of that additional $8000 for your taxes which is being added to your principal amount.
Also I would look at a breakdown of your closing costs less the taxes and insurance. There would be $9000 left, what is that consisting of?
What if a broker keeps telling you they have the largest lender out there, doesn’t provide a loan summary/brekdown) after i sent him a loan summary from another lender, keeps asking me email back the info on us (pay stubs, etc) he asked for, keeps saying they are the lowest
If they are so low why won’t they show you numbers?
@@JenniferBeeston yeah, he keeps on calling me to send back the infos he asked for. i told him, the builder hasn’t given us an exact move-in date yet only an estimate around August or September. what do you think ‘bout Shea Mortgage and NFCU? Thanks for all the responses, pretty much been watching all your vids.
Thanks for the video, please let me know if the credit report fee went up. I got a loan estimate with high fee $199 for credit report fee, is it fair
That is crazy. You are getting ripped off. Credit reports should be under $30
I can't find an answer to my question. My mortgage company has itemized the closing fees and they seem to violate the 1% threshold. Will the VA ultimately certify the closing costs or is it possible for the mortgage company to "sneak" some fees by here and there without much accountability?
Check Box a as that is where lender fees are. They could do 1% origination and discount points and be within compliance. You need to look at rate, lender fee and discount points. Happy to look at for you. email to beeston@rate.com
😀 yeah I don't like scams.
My lender charging me $1,666 in Maryland in todays market is that normal price or ???
Depends on interest rate. Happy to look at loan estimate. Email to beeston@rate.com
Wow 😮 just went through this mess with a lender on UA-cam who claimed he could get anyone a loan....long story short he was charging $35,000 for the loan. My husband and I declined immediately. He never mentioned it until before closing.
I know who this lender is. He is a trash can. So many scammer lenders on UA-cam
@JenniferBeeston it's horrible to be such a liar. I want to post under those videos but I don't.
You should so other people don’t get deceived or just leave him a google review
I will leave a Google review for sure👍
@@thevlogspotwithyolanda345please tell me who it is?
I'm trying to purchase a new construction in sumter Florida. I haven't made an offer yet? They are offering a lot of incentives to use their lender? Uhhh..? 💁🏽😳
Always compare with another lender as sometimes those incentives you are paying for with higher rates and fees
I’m thinking of doing the same thing now, did you use their lender? How’d it go?
Hi Jennifer, My mortage lender is requriing me to purchase a 12% mortgage insurance coverage with a monthly mortgage insurance premium rate of TBD. is this normal?
Depending on downpayment yes. If you are putting down 20% no
@@JenniferBeeston I see, thanks for the reply and your expertise!
Aloha,
Do you do mortgage’s in Nevada?
Yes I do an would love to help! 707-478-0637
Hi Jen, I don't know if you see my message. If a lender asked for a small upfront fee of $75 for credit report, Is that a good sign?
They marked up the credit report and are showing you a credit for it now.
@@JenniferBeeston I’m in the early stage, just spoke to them no papers had been submitted. You might be right, I asked about lender’s fees and they never answered it. Have you heard of C2 financial. For investment properties they quoted me at rates of 6.99-7.5 with 20-25% down and closing cost at 2-2.5 of purchase price. What is your opinion? I might give you and your team a try when I’m ready.
do you have a good lender for Arizona
I am a lender licensed in Arizona. 707-478-0637
Im being charged over 7k originatoon fee for a 55k loan....thats sketch right? I asked then about it and havent heard back in hours
That’s really nice crazy high
Do you work with clients in Northern California?
Hi! Yes I do! You can call me 707-478-0637 or schedule a mortgage consultation with me here: calendly.com/jennifer-beeston (:
My lender is charging me 3.25% in origination fees which total around 11K... I find this very expensive, is negotiable?
Sounds expensive. Call me 707-478-0637.
Mine is charging 4.25%
I thought the fee was 1-2 percent of the purchase price ?
NO
I'd love to show you the fees I was recently charged. Bought a second home one month ago @ 6.5% and paid 3 points. All the other fees are confusing me.
😖 6.5% is really high my dear. You were charged 3 points on a really high interest rate that doesn’t make any sense. Is this your second home (you live in less than 6 months and 1 day out of the year) or an investment property? I’m an LO and just curious
@@queenofallusa5391 yes. 2nd home.
@@queenofallusa5391 put
That is insanely high.
🤣Best pickup line... "You got any money I can borrow."🤣. Seriously though 3 edicts that I tell my girls. 1. Never marry a poor man.
2. Never marry a weak man. 3. If you are straight you owe it to yourself to date at least one wealthy man.😀 Three edicts to live by.🤣.
That's dumb! Is that all you're about? Sad
What's your origination fee???
As of 2024 $1640
On Va loans it is waived
Do questionable lenders wear Sketchers on their feet?
lol Russ it would be great if they did so buyers could spot them
Can you lend for lots aswell?
We do not do lot loans
The rate is whatever the client wants to pay for it. Any lender can bake their pay into the rate and charge $1,400 to the client. What is the lender paying you? Your making it sound like your getting paid $1,400 total to do the loan. That’s a little bit misleading isn’t it?
Welcome to the channel, I have quite a few videos on how lenders get paid. I suggest you go watch them if you have any questions:)
The point of this video is that if your lender won’t talk about their rates and fees, it’s because they’re high. Also, if my rate is lower and my fee is lower, it actually does not matter what I get paid because the buyer is still getting a better deal than if they went with another lender.
For $800 a month I would pay someone to workout for me.
lol I feel ya
Zillow lender fe. is charging me $6500 ……would you have good lender in Arizona
This is a a cam
But why scams like these are even legal?
If you are about to go to a new job tell your lender asap and provide them the offer doc for the new job. We can use that income in many situations.