First-Time Homebuyers: The Critical First Two Steps

[@moonmcbiscuit7773]

Can a family member sell you a house at any price or does it have to be bought at market value?

[@JacksonianT]

+1

[@JenniferBeeston]

They can sell it below market to you if they want to. Key is if they have a loan that has to be paid off and anything above that is up to you.

[@lupitagamaya0824]

Thank you for being brutally honest❤

[@RyanakaRyan]

Would 6 month to a year out be to far out to make an appt on the calendar?

[@NativeNewYorkCityGir]

You can get on the calendar even if you can’t buy for several years.

[@JenniferBeeston]

@nativenewyorkcitygir nailed it. We are happy to chats months and years in advance

[@russlea6383]

Is your new backyard Muppet approved? 🧐

[@zxcvb1010111]

Is a lender such as yourself different from a mortgage broker? If yes, how so? Ty

[@JenniferBeeston]

The difference between myself and a mortgage broker is that everything I do is in-house. It’s my processors ,underwriters, we fund the loan and ultimately we sell the loan direct to either Fannie, Freddy or Ginnie. Brokers have far less control. They are sending your file off to a company like where I work for them to then do the work.

[@Samantha.Tanner]

Can you do a video on sites like Ownup and how they are able to get multiple lender rates? I don’t know the pros and cons of using them. Are there hidden issues I should be aware of?

[@JenniferBeeston]

Yeah it’s all pay to play so it’s not like you are getting the best lenders or offers

[@Samantha.Tanner]

@@JenniferBeeston thank you for your response! I’m a new follower of yours and appreciate all the knowledge you share!

[@JenniferBeeston]

@@Samantha.Tanner Thank you:)

[@shadeaquaticbreeder2914]

If you are hourly and never work less than 40hrs/wk and are just running numbers off of 40hr/wk pay then would you ever max qualify someone for what they could get based on that base 40hr/wk "salary" knowing they always work overtime or still no/ it doesn't work like that? I have no clue how the finance part works as I am alone and my pay has been inconsistent but always going up.

[@JenniferBeeston]

If you’ve been at the same job for two years, I can actually use your overtime. If I can’t use the overtime and the buyer wanted to max qualify, I would be fine doing it knowing there is overtime. However, something to always keep in mind, is that what we saw in 2009,2010 and 11 was that when the economy crashes overtime goes away. So if you can qualify with just your base income, that’s always the way to go however with some jobs overtime like 50% of the pay and not going to go away even a recession.

[@those3]

✔️👍🏾💯

[@Chris-Chen71]

Jennifer! Long time subscriber and have msg’d you a few times. Thank you for always getting back to me. LOVE your content. VA Loan… how long do I need to have at my job to apply for a VA Loan? Looked at my old loan paperwork for my home I bought in 2021 and was told at that time I was working for the VA for less than 12 months at the time of the loan and could not use that income to qualify. Was told “The VA can be picky about employment less than 12 months”. Wondering if that was true back in 2021 or not?? Thank you SOOOOOO much!!

[@JenniferBeeston]

It depends on your prior job gap history and length of time at new job. There is no one size fits all answer on this as it is depends on your unique work history

[@shadeaquaticbreeder2914]

My buggest question is can i even afford a house/mortgage. Like is 45k/yr enough to get a house even if you don't have debts? Like anything bc idc what it is I just need my own place so I can actually start doing stuff. Like is 150k reasonable given theres nothing crazy as far as flood/tornado insurance or anything like that bc everything around me is relatively cheap comparatively but idk if I just have to make a lot more to be able to get a house or if I can where im at now bc I can't keep doing this for much longer if theres no prospect of ever having my own stuff

[@alexisgane2026]

It’s possible yes! If your credit is over 740 you might qualify for 200k. With not much debt. But that makes your payment over 2k a month!

[@shadeaquaticbreeder2914]

@@alexisgane2026 oh dang that's crazy. And thank you a lot, this info definitely helps. At first I thot I had to make like 10k/month to be able to get anything by myself

[@TMKJG24]

​ Might as well say you need that amount. I'm bringing in half of that. It all depends on where you want to live.

[@mychocochip]

Can I get help looking at LE during the free call?

[@JenniferBeeston]

Yes

[@hazellee5373]

Hey Jenn. I’m living in NY but interested in buying a house in New Jersey. Can I get pre-approved with your service? thanks.

[@JenniferBeeston]

Yes of course:) App is at www.zerostressmortgage.com

[@johnhipp604]

​guess what I did that was sweet

[@firesign4297]

Such an AMAZING ! Channel ... Thank You Just Subbed.

[@JenniferBeeston]

Welcome aboard! :)

[@StalinTheMan0fSteel]

She looks like Brooke Burns!

[@missyrinaroseBet]

How do you feel about rent to own can you use a mortgage to pay off the rest of the house when the term is up

[@tiotonyhntv]

I don't remember when I subscribed to your channel.

[@JenniferBeeston]

Likely at a moment of clarity

[@tiotonyhntv]

@JenniferBeeston I Unsubcribed and pretty soon you will be blocked. 😄

[@JenniferBeeston]

That hurts

[@toniceeden1773]

This makes so much sense!!!!

[@lionheartmerrill1069]

😁😁😁

[@Sundaydoug278]

You’re great at this

[@JenniferBeeston]

Thank you!

[@chelseajones3064]

Hi Jennifer! Could you explain conforming loan limit to a newbie? Thanks so much!

[@JenniferBeeston]

Check this out:) kzbin.info/www/bejne/gIennYmcZ71og6s

[@Divyv520]

Hey Jennifer , really nice video ! I was wondering if I could help you to grow your channel by providing you all the value and help which will need to grow your channel ! Please Lmk what do you think ?