VA Mortgages: How To Get Your Mortgage Lender To Pay for Your Closing Costs 🏠💸

[@rovie8976]

one of my fave topics you covered that I've watched to date:) Yes please do discuss the option of the higher rate because it can be helpful in negotiations and the educated buyer can use that to ask for lower price without closing cost and possibly saving the buyer more than they realize:)

[@marshallcallierbey4711]

Yes,you should tell the borror the up rate and the lower rate

[@americanlogisticsfreightll6815]

I think three options would be cool.

[@MinhTucson]

Thank you ❤❤❤❤❤

[@pinkiepromise242]

Do you more videos explaining. what credits and points mean

[@JenniferBeeston]

I have a few on the channel:) kzbin.info/www/bejne/oGmzg4OAiad9Y5Y

[@darrylwilliams4301]

Hi Jennifer, are you licensed in the State of Michigan?

[@JenniferBeeston]

Yes I am and happy to help. Give me a call Monday 707-478-0637:)

[@darrylwilliams4301]

Thanks for the response will do just that.

[@t-yung4280]

Jenn you have helped me so much you will be my 1st call 2024 for my purchase

[@JenniferBeeston]

Happy to help and look forward to chatting!

[@nijujose31]

What happens to the lender credit if you decide to refinance in a few years to a lower rate. Does that credit need to be paid back?

[@JenniferBeeston]

No it does not.

[@nijujose31]

Great to hear! Looking forward to speaking with you and the team this week!

[@pamelafox5882]

Great question 😊

[@victorcordero1458]

@@nijujose31 did you speak with them

[@nijujose31]

@@victorcordero1458 I did speak with the team! Did not realize they are also part of Guaranteed Rate. So we were already pre approved by them through a different team here in the North East.

[@MomofFour24]

Jenn is such a hero at closing, she will have your back and is great with VA loans!

[@pharpester]

That’s good to know.

[@dmorris5458]

I appreciate your videos so much. Thank you for your honesty and sharing truth. I have a question about the chair you are sitting in. Is it wicker? How do you like it? I recently started in a position where I'm sitting at a desk half of the time, and my legs are swelling. I was looking for a new style chair when I noticed yours and wanted to know your thoughts on it. Big smiles

[@JenniferBeeston]

It’s Herman miller. An investment for sure but since I am in my chair 9 hours a day… its not wicker. If your legs are swelling you definitely want to see height and make sure you move around.

[@ceeleereed]

Wouldnt lender credit and rate increase affect dti then,?

[@JenniferBeeston]

Yes this is not a great idea if you are maxed out on debt to income.

[@christopherbellboy25252]

Thank you

[@jameslowe57]

Thanks for the Education once again

[@JenniferBeeston]

Thanks for watching, James!! (:

[@pharpester]

Does the money in the margins change depending on how many days you are locked. 30 days versus 90 days? I believe Guaranteed Rate does it for 90, and you mentioned less ethical lenders sometimes do it 15 days. Is this money in the Margo’s available with VA loans? Thanks.

[@pharpester]

Do you have a video about closing costs. It’s confusing being a first time home buyer, buying and selling at the same time. Which closing costs do I pay? Could you potentially have to pay them on the selling side and also the buying side. Very confusing.

[@CHRISTIANROSA22]

Is a 3.7 a good rate for today’s market?

[@JenniferBeeston]

depends on loan type and cost and credit score

[@CHRISTIANROSA22]

@@JenniferBeeston It is a VA loan with a credit score of 700.

[@JenniferBeeston]

@@CHRISTIANROSA22 what state are you in and are you being charged lender fees or points?

[@CHRISTIANROSA22]

@@JenniferBeeston I am in Texas and yes, I saw $1,800 towards points.

[@eahaynesworth]

Don’t mean to barge in, but I was quoted 6% rate with va home loan. Credit score 600. Is that a good rate for va home loan?

[@tishaniamorris8789]

Can you do a video on what if the seller is unwilling to pay closing cost/seller credit?

[@glee21012]

Then you are stuck with a higher interest rate, better to negotiate with the Seller, have them give you a concession, you pay more for the house. It cancels out basically.

[@JenniferBeeston]

Agree always get money from the seller before you go the higher rate route.

[@darrylwilliams4301]

That's excellent advice!

[@jsully4074]

Oh my gosh I would kill to have these basic market rates like this again! 😭😭😭

[@JenniferBeeston]

We all would #2022

[@DonC11669]

You would be my 1st choice of any lenders.

[@johnimpasto256]

Jennifer you have guided me in my home buying process and I feel like a mature shark browsing real estate . God bless your heart . I hope a million dollars fall into your lap right now . Thank you !!!!!!

[@JenniferBeeston]

Thank you John! I am glad you are browsing like a mature shark. I too hope a million dollars falls in my lap:) Buying lotto ticket tonight:)

[@idaliihernandesss924]

This is the exact information I was looking for and nobody explained it like you did! Thankyou!!

[@JenniferBeeston]

Glad it was helpful! Thanks for watching! :)

[@loanofficerwhocares6951]

Keep up the great work

[@samatkinson8477]

Great stuff. Very helpful information.

[@jacobdziedzic9]

I wish I found you before…

[@JenniferBeeston]

I am here for next time you need a Lender or some sassy, financial advice

[@tjmarvin1627]

Perfect explanation and clarification on this topic. Nicely done.

[@JenniferBeeston]

Glad it was helpful!

[@marivicharris1816]

Hi Jen do you cater also USDA guaranteed loan..

[@JenniferBeeston]

Yes we offer USDA

[@chrisstanley303]

Do you guys operate in Virginia? Has anyone used Jennifer ,would love to hear your experience?!

[@JenniferBeeston]

Yes I am licensed in Virginia:) Feel free to reach out 707-478-0637

[@Journey_1111]

Very valuable information! I’ve been waiting for a video about closing cost for VA Wednesday. Thank you!

[@JenniferBeeston]

Happy to help!

[@Xtremeproducts]

Hey Jen, I’m back. Been gone for a while now

[@JenniferBeeston]

Glad you are back. Was wondering if you had been deployed etc... Glad you are safe!

[@Xtremeproducts]

@@JenniferBeeston possibly deployment next year. Hopefully not. So I’m now trying to get things in order (home buying process, rate shopping)for my family should they decide on deployment. In one of your videos you mentioned you are able to rate shop with up to 4 lenders at once. My four will be You, Dade County Federal Credit Union, Navy Federal Credit Union, & Veterans United.

[@JenniferBeeston]

@@Xtremeproducts sounds good:)

[@charlieburns1385]

Thanks 👍

[@MickyMs]

Hypothetically, if you do want to know what the lender credit would be going from, say, 2.75% to 3%, is there any publicly available data point(s) that would give a person a hint of it being worthwhile or not? Personally, I'm not the type of person that wants to bug my lender every single day to ask. Also, are there any other factors of what the "money in the margins" is dependent on (credit score, home price, DTI, LTE, etc.) once again using the same example, 2.75% to 3%?

[@JenniferBeeston]

It is all dependent on the lending institutions margins so there are no guides or consistency. You just have to ask. I would not ask your lender daily. It is really something to discuss when you are locking the loan

[@zachary6308]

Thank you for all the help Jennifer. I am definitely the type of person that likes to learn especially from somebody with all the knowledge that you have. If I call the lender I would want him to explain to me about the money in the margin and buying a better rate.

[@JenniferBeeston]

Make sure you ask About it. Often if people are going after the lowest rate we don't delve so it never hurts to ask.

[@lisabeam8315]

Tell them everything

[@aryanasmith4426]

Thanks for sharing such great information. It was really helpful to me. I always search to watch the quality content and finally I found this in your video. keep it up, keep posting more....

[@JenniferBeeston]

Thank you!

[@bjornjoseph]

I think my va appraisal is waiting until day 10

[@JenniferBeeston]

Possibly. Sometimes they drag it out same for conventional appraisers

[@pamelafox5882]

I'm interested in speaking with you or Melissa about the higher rate, to get a house sooner possibly.

[@shadorismartin]

Jen, I appreciate this. I believe if the buyer understands the rate and how it relates to the cost of the loan, then would be great to do that. I know I would love to know things like this. Thank you for sharing!

[@joburke10]

Great information Jennifer now I have an quick education on how to help with my va closing costs

[@JenniferBeeston]

Happy to help!

[@Mona-yb2in]

Jen, does income level affect the amount of money available in the margins? Example: would a buyer get more money if they earned $75,000 or less? My sister's broker said she earns too much (above $75,000) and would therefore get less. Seems odd to me. Thank you!

[@andrewjarvis7777]

I've learned soooo much in the last 24 hours lol appreciate it. Now I'm kind of embarrassed about my email to my lender yesterday.

[@JenniferBeeston]

I am sure they will understand:)

[@1NDEF1N1TE]

I love your content! As a future Loan Officer you are an absolute gem.

[@JenniferBeeston]

Thank you! I appreciate that:)

[@nicolec708]

Hey Jen.. always have my ears open for your great advice. What are your thoughts on FHA onetime closing construction loans. I came across it and never knew it exist. Is this a good loan

[@JenniferBeeston]

Hi Nicole, Unfortunately I have never done one so cannot give you good advise.

[@pablocardone214]

Smart!!

[@pablocardone214]

Yes, my vote is explore all opponents.