Loan With Jen podcast

Loan 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, 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. Your host, Jennifer Hughes Hernandez is a Senior Loan Officer and Top Producer in Legacy’s Houston area office. Since 1995, Jennifer has built her business 100% on referrals, with 2/3 of her referral base from realtors and business partners, and the remainder from past clientele. Jennifer and her team’s reputation is known for closing accurately, on time, and with lots of communication. Her greatest passion is caring for her family. Providing for a full household could not be possible without the loving support and teamwork from her husband, Fernando. Fernando is from Mexico and Jennifer met him there while as an exchange student (from Texas A&M) studying Economics at Tecnologico de Monterrey in 1993. In 2017, the Hernandez family started hosting an exchange student through AFS for the school year. They plan to do this for as many years as they can. With over 4,300+ deals closed in her 26 years of experience, the knowledge of home mortgages, the various types of loans, and other finance-related topics that are fluent to Jennifer and her dedicated team. ”I’ve made it my personal mission to be the most trusted lender in the Houston area for homebuyers. I help deliver the dream of homeownership with a reliable, accurate, and personalized experience by helping you navigate the home purchasing and financing process with clarity and simplicity.” - Jen

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Episodes

Thursday May 23, 2024

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

Thursday May 09, 2024

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

When Will Interest Rates Drop?

Thursday May 02, 2024

Thursday May 02, 2024

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

Home Values vs. Interest Rates

Thursday Apr 25, 2024

Thursday Apr 25, 2024

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

Friday Apr 19, 2024

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

Refinancing MIGHT GET Cheaper?

Thursday Apr 11, 2024

Thursday Apr 11, 2024

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

Thursday Mar 21, 2024

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

Thursday Mar 07, 2024

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

Should I Use A Realtor®?

Thursday Feb 22, 2024

Thursday Feb 22, 2024

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

Friday Feb 16, 2024

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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Education At The Forefront

Loan 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, 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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