VA Home Loans 2024: How to Avoid Sneaky Rates, Costs, and Fees
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- Опубліковано 4 сер 2024
- ⭐Have mortgage questions? Pick a time that works best for you here
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⭐ Call Me: My cell phone is 707-478-0637 I am happy to help. Let’s get you home!:)
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Licensing info: Jennifer Beeston, SVP Mortgage Lending NMLS 247743 at Guaranteed Rate, Inc. NMLS 2611 Branch Address: 1750 N University Drive, Coral Springs, Florida, 33071 Equal Housing Lender
For licensing, go to www.nmlsconsumeraccess.org
Top 1% in the nation 2016-2022 www.zerostressmortgage.com
NMLS 247743 Guaranteed Rate NMLS 2611
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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.
Timestamps:
0:00 Intro
0:20 Veterans Get Preyed On the Most In the Mortgage Industry.
0:50 Rates and Fees, Let's Talk
1:10 My Phone Number is REAL!!!
1:40 Bait and Switch
2:40 Lenders Are Not Mentioning All the Fees?
3:40 The Loan Estimate 3 Day Rule
3:55 Back to Bob..
3:05 $15000 In HIDDEN FEES?
4:20 You Have to Ask Your Lender.
5:00 What You Need to Do!
6:20 What to Ask Your Lender?
7:00 VA Does Not Charge 1%.
7:40 Good Clarifying Questions to Prevent Surprise Fees
8:10 "Does the Rate Your Giving Me Include Discount Points?"
9:45 "How Many Days is the Lock Good For?"
10:15 A Client Story, Locks MATTER!
11:55 The Lesson To Learn
12:30 Every Lender Does It Differently
12:50 How I Do Locks, Rates, and Fees.
13:30 Proactively Talk To Your Lender
13:50 Some Lenders Love to Gamble.
14:15 Don't Let Them Gamble With Your Money.
14:50 No One Can Predict The Mortgage Market.
15:10 Even the Rate Sheets are Dodgy!!
#VAHomeLoan #VeteranFinance#MilitaryHomebuyers #HomeLoanTips #VeteransAssistance
If you have questions or want me to look at your loan estimate my # 707-478-0637
I was super shocked when she answered my text. I’m grateful she did though.
❤️❤️❤️
I'm very happy I found you and your team 5 months ago for my VA loan.
26 days from offer to close😎👍👍
Vet peeps...she awesome and her team are all Rock stars
Thanks Jen 😉 💪😎❤
Appreciate you and glad you are home 🏡❤️❤️
I’m currently under the underwriting step with her team, hopefully I hear good news from this week!! Out of everybody I’ve spoken with her team have been great and to the point no bs, but also no sugar coating. Straight to the point and I like that, it’s very refreshing.
I just ran across your channel. I’m Retired Military and I really appreciate your channel. I will definitely let my veteran friends know about your channel.
Thank you Donald!
This is so true, I texted Jennifer and she responded within 15 mins. Thank you so much for responding to my text. My new construction builders use a method to where they have three lenders to choose from and then they compete for the best offer. Jennifer provided me the tools and what to look for which helped me make my decision. 🙌
WOW Jennifer I am so Happy, I came across your videos❣️ I subscribed and I especially saved this video 😊
Another fantastic video. Jen absolutely sets a high standard, and a great example to all of us in the mortgage industry. Thank you 🙏🏻
Thank you, Ma'am. Happy New Year. 🇵🇷
Happy new year!
Thank s for sharing
Thanks for tuning in
Thank you so much.
Happy to help!
Yup had a client go into contract then start shopping me w a no name NJ lender offering them much lower rate that I couldn't touch. 3 days before closing, surprise $18k fee to get that rate. They had the money but had no choice but to pony up and pay or lose house and their deposit. This story we share at each of our 1st time buyer class..
It is staggering, how often the occurs. Hopefully with enough education, buyers will start shaking, locked loan estimates out of these predators, and will get them out of the industry.
Great tips, Jen. I’ll be PCS’ing in 2025 with my family. I will reach out to you at the end of this year 👍🏽
Thank you! Look forward to chatting:)
Dropping 💎
Hi Jennifer, where do you see Mortgage rates are heading going in to 2024-2025..Thanks
Down
What are you thoughts on the “Homebuyers Choice” or the “Military Choice” with Navy Federal vs the VA loan?
It seems appealing to float down for $250 each time without a mortgage reset.
I am not a huge fan. The interest rates are higher on them than if you did VA or conventional. So if they have a float down great, but you could’ve started out lower from the beginning so why do you want to pay extra interest?
@@JenniferBeeston that makes sense, thank you. I guess not resetting the loan amortization is what's most appealing with the Military Buyers Choice. And if/when those rates get down to the low 4's or 3's and roll to a VA loan with the .5% discount instead of rolling into the IRRRL's. It's quite a dilemma, one way or another I guess the banks will make their $ and fees either on the front end or somewhere along the line. Thank you for the feedback!
Why my lender included my Ufmip /va funding fee when I already put more than 33% down on sale price: $277
Va does not have MIP so there is not upfront mip. FHA has that but Va does not. If you do not get VA disability then you have a VA funding fee with 10%+ down of 1.25%.
I got a pre qualification letter for 225,000 wondering if I could get more but I haven’t really been explained about everything from the current VA loan officer that I have right now. Have any advice ?
To be blunt, Ditch them and call me....707-478-0637 You can work with a lender where you are begging for info or with one that explains everything and walks you through the process. We do the latter . It does not cost more to work with a good lender
Yes my agent want to push me to close in 3 weeks and my lender said verbally that she can approve the loan on time?
That’s a fair time line in AZ as long as lender orders appraisal day one
Should one seek out a lender or a real estate agent first🤔🤔
Lender first as you want to get the money lined up and make sure you comfortable with payment etc before you fall in love with a house. We are happy to get you prequalified www.zerostressmortgage.com
Thoughts on veterans united?
They are easy to beat with rate and fee and watch out for the agents they send you too...check out today's video ...
This happened to me.. 😡 reaching out in 6 months for a refinance
Sorry to hear this happened to you. Here when you are ready for an IRRL
3:48 !!!!❤
Points sounds like a form of upfront commission.
origination points 100% are:) Hope you are doing well and that you are prepped for an amazing 2024!:)
Yes, indeed, with a lot of help from my mentor - JB. 😇
Hello. Where are you located? Im in nj.
I am in Florida, but I am licensed to do loans in New Jersey. So happy to help:) 707-478-0637.
@@JenniferBeeston okay thanks. I bought a house 2 years ago with va loan in nj. Eventually i would like to buy something else for an investment ( not to live in ). But i dont think now is a good time to interest rates to high. Houses are overpriced. Your thoughts? I would be open to buying in Florida
Hi Mike, I don’t think interest rates or the cost of housing is necessarily the worst issue with investment properties right now. My biggest concern as an investor is what some states are doing with landlord rights, renter rights, and then also the compounding problem of what homeowners insurance is going to cost down the line. This is something I’m actively exploring myself, so I’m sure I will be doing a lot of videos on it in the next six months
@@JenniferBeeston okay thanks
The amount of paperwork and headaches with a va loan 👋🤣
Nah, they’re super easy. The only time you see a bunch of paperwork is if it’s a manual underwrite and realistically, it’s not even that bad then. Technology has made VA loans so much easier. At least if you’re working with a lender that has technology. If you’re working with a lender that doesn’t have technology, yeah it’s gonna suck.
@@JenniferBeeston i bought house 2 years ago. With a company called veterans united. Wasnt a great experience
100% that is because of the lender that you used. Next time you buy a house call me, I am going to make you a believer that VA loans are amazing and fast and easy
@@JenniferBeeston hello i used veterans united. It was pretty messy
@@mikejejenich-pb5zxI’m thinking about using veteran United, what do you think?
Çome own new colloge that i made call tko backyard wrestling
What is your really email
beeston@rate.com