Loan With Jen podcast

Mortgage Loan Limits in 2024

In this episode, we delve into the topic of increased loan limits for 2024. We explain the role of financing agencies like FHA (Federal Housing Administration) and FHFA (Federal Housing Finance Agency) in adjusting loan limits annually in response to inflation and rising home prices. 
What is the importance of these changes for homebuyers and the consistency of loan limit increases over the years.
In this episode, you’ll learn:
How this change affects the home ownership journey
New loan limits for different types of loans and area
USDA, VA loans and 0% down payment
FHA loans as accessible but have lower limits
Must-listen moments: 
[00:00:45] How FHA and FHFA adjust loan limits annually in response to inflation and changes in the median home price
[00:01:15] Significance of these loan limit changes for individuals on their home ownership journey
[00:02:30] New maximum loan amount for conventional loans in 2024
[00:03:10] How to calculate the purchase price with the new loan limits
[00:03:50] Distinction Between Loan Amount and Sales Price
[00:04:20] Jumbo loans and their requirements
[00:05:00] Down payment percentages for different types of buyers
[00:05:45] Lower loan limits for FHA loans and their target demographic
[00:06:30] Specific numbers used in FHA loan limits.
[00:07:10] USDA loans and the specifics of VA loans
[00:07:50] Loan limits in high-cost areas like California and the East Coast
[00:08:15] Historical trend of loan limit increases, and the rare exceptions
Resources:
- FHA Loan Limits 2024 https://www.hud.gov/press/press_releases_media_advisories/hud_no_23_265- Conventional Loan Limits 2024 https://sf.freddiemac.com/articles/news/loan-limit-values-for-2024- FHA Loan Summary https://youtu.be/ce0R8jt5WkY?si=1S_6tBLnRbZBFyLV- Conventional Loans Summary https://youtu.be/LcpEAn0SrcU?si=ZGvtni7YhcDWKk6u- USDA Loans Summary https://youtu.be/sn4PCuiMeCs?si=Bsh-ObiKvZixcNiH- VA Loans  https://youtu.be/1j_SJbpTzt4?si=28JHS25njyJKXHMJ
👉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

How to Reduce Real Estate Taxes in Texas

If you own real estate in Texas, whether residential or commercial, this episode will give you the behind the scenes as to why you should protest your property tax.
We interview an expert with Home Tax Shield, a company in Texas that protests taxes for property owners. Craig is an industry expert and releases statistics and valuable information you need to know as a homeowner.
If you would like to inquire to use Home Tax Shield for your protest, contact me directly. Home Tax Shield is referral based only, and must be connected with one of their partners, which I am one! jennifer.hernandez@legacymutual.com 
In this episode, you’ll learn:
Why is it essential to protest property taxes annually
Critical deadlines for protesting taxes 
Importance of exemptions
Must-listen moments: 
[00:00:30] Increasing property taxes in Texas and the importance of protesting
[00:01:15] Property tax increases and the need for having a resource to assist clients
[00:02:13] Misunderstanding and confusion surrounding property taxes.
[00:03:20] Property Taxes 101 for real estate professionals, including basics and advanced topics.
[00:04:45] Surprising statistics about the number of Texas homeowners who don't protest their property taxes and why it's essential.
[00:06:00] Important dates to remember for property tax protests and the consequences of missing these deadlines.
[00:07:30] Different ways to reduce property taxes, emphasizing exemptions and professional protest services.
[00:09:15] Debunking common myths about property tax protests and how real estate professionals sometimes misunderstand the process.
[00:11:00] Homestead exemption and how it works.
[00:12:40] How and when the 10% cap on property tax increases applies.
[00:15:15] Homestead exemption and how it affects property tax calculations.
[00:18:00] Can clients accompany professionals during tax protests.
[00:20:38] Different exemptions offered by various taxing entities and their impact on property taxes.
[00:24:01] Challenges in estimating property tax savings for new homeowners, especially in relation to new constructions.
👉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# 514497Click 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
 

Rates Starting to Fall - What’s Ahead in 2024

On December 13, after the  Federal Reserve meeting, interest rates started to fall! It became evident that the Fed will likely stop raising interest rates, and start to lower the fed funds rate in 2024! The market needed this news so badly!
In this episode I will help make sense of some complex financial terms and focus on what this means for the average person. Whether you're an investor or contemplating buying a home, understanding the implications of this rate change is key, and that's precisely what we aim to explore. 
We also share insights from Clear Value Tax  and Barry Habib, both well-respected names in economic analysis, on the potential impact of these financial shifts on the housing market in 2024. Is now the right time to invest in real estate, or should one wait? This episode is designed to provide valuable insights into how these economic developments could influence your real estate decisions.
In this episode, you’ll learn:
Impact on your finances
Impact on your plans to buying home in the future
Comprehensive analysis in mortgage rates
Potential end of a challenging period characterized by increasing interest rates
Must-listen moments: 
[00:00:20] Explanation of the federal funds overnight rate and its relevance to the financial markets
[00:01:31] Overview of the Federal Reserve's role and its actions to control inflation since 2020.
[00:02:15] Discussion on the increase in interest rates since March 2022 and its impact on the economy
[00:02:45] Explanation of economic indicators like CPI index, wage inflation, and employment numbers
[00:03:30] How the Federal Reserve's policies affected consumer spending and the overall economy
[00:04:00] Analysis of the Federal Reserve's decision to pause interest rate hikes in December 2023
[00:04:50] Insight into how the stock and bond markets influence mortgage interest rates
[00:05:00] Discussion on the market's reaction to the Federal Reserve's December announcement
[00:05:30] Observations on the gradual decline of mortgage rates since November and its significance
[00:07:00] Is it a good time to buy a home considering current market trends?
[00:08:00] Influence of global activities and financial markets on mortgage interest rates
Resources:
Clear Tax Value full video about Interest Rates https://youtu.be/HzKLgEnGGG4?si=ix3mXiIx_4ZFlJkp
Barry Habib full interview about 2024 Housing Market Forecasthttps://youtu.be/94jd2PBA2Pg?si=EBJ2hIR47udWgmMa
👉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# 514497Click 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 Sell My Home or Keep As A Rental

In this episode, we delve into the dilemma faced by sellers in the current real estate market: should they sell their homes now or rent them out in hopes of better values in the future? The episode features Lyndel Johnson from Real Property Management Luxury in Houston. 
We also focus on the importance of landlord-tenant relationships, which not only ensures tenant satisfaction but also preserves the property’s value.
The episode is packed with insights for sellers navigating the fluctuating real estate market, particularly addressing the current trend of increasing mortgage rates and its implications on selling versus leasing decisions. This episode is not just informative but also equips you with the tools to make well-informed decisions in a fluctuating real estate environment.
In this episode, you’ll learn: 
Pros and cons of selling versus leasing properties
What is the impact of fluctuating interest rates on the housing market
Importance of maintenance fund
Rent your property, leave it vacant or sell?
Must-listen moments: 
[00:01:44] Do we sell or rent properties in the current market scenario
[00:02:26] Current state of interest rates and how they affect buying decisions
[00:03:13] A comparison with the high mortgage rates of the early 1980s
[00:04:08] Adjusting buyer expectations to the current market
[00:05:07] Forecasting the rise in property values: Discussion on the potential for property values to increase in the future
[00:06:16] Maintenance considerations for renting: The importance of having a maintenance budget for rental properties
[00:07:28] Tenant responsibilities in renting: what expenses are typically covered by renters
[00:08:24] The financial viability of renting below mortgage costs: Analyzing whether renting at a loss is better than a vacant property
[00:09:55] Role of property management companies: the benefits of hiring professionals to manage rental properties
[00:14:32] Importance of landlord-tenant communication: the significance of timely responses to tenant issues
[00:17:08] Key steps in renting out a property: the process for preparing a property for rental
[00:20:23] Legal aspects of renting: Understanding and complying with changing rental laws and regulations
Guest: Lyndel Johnson
Real Property Management Luxury Houston
https://www.linkedin.com/in/lyndel-johnson/
https://www.rpmluxury.com/contact-us
👉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

FHA Mortgage Insurance Premiums – How to Calculate

In this episode, we offer an in-depth analysis of FHA (Federal Housing Administration) loans, particularly highlighting the aspects of mortgage insurance premiums. Created during the Great Depression, FHA loans facilitate homeownership with a minimum down payment of 3.5%.
It's clear that FHA loans pack a lot of value, especially for those stepping into homeownership. The mortgage insurance premium, both upfront and monthly, might seem like an extra step, but it's really about making the loan sustainable in the long haul. It's all about balance, right? Paying a bit now to save more down the line. If you're thinking of selling or refinancing in a few years, you might get some of that upfront premium back.
Whether you're a first-time buyer or looking to refinance, understanding these nuances of FHA loans is key.
In this episode, you’ll learn:
Upfront and monthly mortgage insurance premium
Are you selling or refinancing in a few years?
Unique nature of FHA mortgage insurance
Cancellation scenarios of mortgage insurance on FHA loans
Must-listen moments: 
[00:01:15] Overview of FHA loans and their history
[00:02:30] What mortgage insurance premium means for FHA loans, including both upfront and monthly premiums
[00:03:45] How to calculate the upfront premium
[00:05:20] How the upfront premium affects the total loan amount and its long-term implications
[00:06:10] How the monthly mortgage insurance premium (MIP) is calculated and its effect on monthly payments
[00:07:55] Cancellation of FHA mortgage insurance
👉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.comEqual Housing Opportunity Lender NMLS# 514497Click 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

MCC Credit First Time Home Buyers

In this episode, I explain what is a Mortgage Credit Certificates (MCC), a valuable federal tax credit for first-time homebuyers seeking to ease the financial burden of purchasing a home. 
I will cover the eligibility criteria, calculation, distribution, and the overall impact of the MCC on homeowners. Who qualifies for the MCC, what are some benefits as well as the downside, including income restrictions and the potential recapture tax.
In this episode, you’ll learn:
What is MCC
MCC and tax savings
What are the advantages of the MCC
How MCC enhances your buying power
Must-listen moments: 
[00:01:30] Who qualifies as a first-time homebuyer
[00:03:00] How income limits impact MCC eligibility
[00:04:45] How the MCC works in practice, particularly in reducing overall mortgage payments
[00:06:20] What potential tax savings come with an MCC
[00:08:00] How an MCC can increase a homebuyer's budget and purchasing power
[00:09:15] What is the application process for an MCC, including required documents and steps
[00:10:30] Who have benefited from MCC
✅ Fact Sheet: https://thetexashomebuyerprogram.com/uploads/Revised-mcc-fact-sheet-06262020.pdf
✅ Recapture Tax Explained: https://thetexashomebuyerprogram.com/uploads/RecaptureBrochure.pdf
👉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.comEqual Housing Opportunity Lender NMLS# 514497Click 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

Foreclosures On the Rise

In this episode, we're joined by real estate and mortgage veteran Tarl Anderson to discuss the rise in Texas foreclosures for 2023. We hit the ground running with some straight talk about today's wobbly housing scene. We dove into the big question on everyone’s mind—should you grab that set of shiny new house keys now, or is it smarter to cool your heels and rent for a bit?
We also got down to brass tacks on property value trends, peering into the crystal ball of housing appreciation—or the lack thereof. Because let’s face it, a home's value can be as unpredictable as Houston weather. From creeping foreclosure numbers to the ebb and flow of interest rates and job stats, we unpacked it all. Our mission? To arm you with the nitty-gritty details so you can step into the housing market with your eyes wide open, ready to make that home-buying leap on your terms, with confidence and your bank account intact.
In this episode, you’ll learn:
Highs and lows of the market
To buy or  not to buy
Cost of Ownership Versus Renting
Home Value Appreciation Forecast
Must-listen moments: 
[00:07:15] Statistics about first-time home buyers in the current year compared to the past decade
[00:08:50] Psychological factors influencing buyer decisions
[00:10:30] Myths versus realities of obtaining a mortgage.
[00:12:05] Urban and suburban housing trends, highlighting a shift in buyer preferences.
[00:19:00] Future home value growth or stagnation.
[00:20:00] Importance of localized knowledge.
[00:21:40] Review of market peaks - how current patterns may predict future price movements.
[00:23:15] Foreclosure impacts on the market and how a shift in interest rates could lead to increased buyer activity.
👉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# 514497Click 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

8 Tips to a Smooth Home Closing Part 2

This is Part 2 of our podcast episode where Jen is a guest on Not Just a Daydream podcast by Kristi Winfree, Owner & Transaction Coordinator at Legacy Transactions.
We share more valuable tips for a smoother home buying process. We emphasize the importance of referrals, to expect inevitable bumps in the road, but  stresses that with the right team, including a reliable realtor, lender, and title company, these challenges can be overcome seamlessly.
Throughout the podcast, we share straightforward and relatable insights, providing you with practical advice for navigating the complexities of the home buying process and the role of referrals in ensuring a positive outcome making them the cornerstone of a successful home purchase.
In this episode, you’ll learn:
Tip 5: Expect challenges in the road
Tip 6: Advises against large, unsourced cash deposits
Tip 7: Efficient email and phone communication
Tip 8: Importance of giving weight to referrals in the decision-making process
Must-listen moments: 
[00:01:08] The need for proactive client involvement
[00:01:22] Value of a referral-based approach
[00:03:11] Importance of a responsive team in navigating mortgage processes
[00:05:00] A caution on transaction without hiccups
[00:06:18] Transparency about job changes to avoid potential issues with lenders
[00:06:52] Why you should save essential contact information
[00:07:38] Difference between referrals from someone you know personally and generic calls from a national company
[00:09:42] Handling large cash deposits
 
Kristi Winfree, Owner & Transaction Coordinator
https://www.linkedin.com/in/kristiwinfreehttps://legacytransactions.com/
👉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

8 Tips to a Smooth Home Closing Part 1

In this podcast episode, Jen is a guest on Not Just a Daydream podcast by Kristi Winfree, Owner & Transaction Coordinator at Legacy Transactions.
We share eight valuable tips for a smooth home buying process - starting with beginning early, many mistakes happen when people rush the process at the last minute. Next is being prepared in submitting necessary documents as these are crucial for lenders to assess your financial situation accurately. Also, keeping a transparent communication with your lender, and avoiding assumptions - share all relevant information with your lenders, no matter how insignificant it may seem, as hidden details can lead to problems down the line.
In conclusion, we stress the importance of giving professionals enough time to maintain accuracy and thoroughness in the home buying process, as we offer guidance and expertise to help you navigate each step successfully.Stay tuned for the next tips!
In this episode, you’ll learn:
Tip 1: Start early
Tip 2: Submit documents, fast
What are the documents you need to prepare
Tip 3: Transparent communication
You shouldn’t fear credit inquiries
Tip 4: Never assume anything
Must-listen moments: 
[00:02:30] Let’s dive into the eight tips for a smooth home buying process
[00:02:57] Importance of accurate credit scoring
[00:03:30] Why providing accurate financial information is important
[00:04:37] What are the preparations for the home buying process
[00:05:58] Mortgage loan approval timeline in Texas
[00:06:50] Share all relevant information, even if it seems insignificant
[00:07:46] Never assume anything. Assumptions can lead to delays.
Kristi Winfree, Owner & Transaction Coordinator
https://www.linkedin.com/in/kristiwinfreehttps://legacytransactions.com/
 
👉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

Why Every Homeowner Needs a Will

In this podcast episode we discuss the importance of having a will for homeowners. John Strohmeyer, a licensed attorney, probate and estate issues, emphasizes the significance of having a will or an official document to clarify property ownership and inheritance. We will also address the misconception that wills are only necessary for those with significant assets - highlighting the importance of having a plan in place as soon as you start accumulating belongings and assets.
Overall, a will is your way of ensuring that your property goes to the right people after you're gone. Without one, you risk leaving your loved ones with a complicated and costly legal mess.  Join us as we underscore the importance of proactive estate planning, particularly for homeowners, to ensure a seamless transition of assets and minimize potential legal complications.
In this episode, you’ll learn:
What is heirship
Importance of will especially when you have minor children
Identifying guardians for your children
Timeline of the probate process
Must-listen moments: 
[00:01:18] Inheritance laws and property transfer after death
[00:02:50] Estate planning and probate process
[00:05:52] Probate and estate administration delays
[00:06:42] The impact of not having a will in real estate transactions
[00:07:55] Can an individual create their own will, especially if they don't have many assets?
[00:08:00] Creating your own will and its potential risks
[00:09:41] The importance of knowing where the original will is locatedJohn Strohmeyer: https://www.strohmeyerlaw.com/
👉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