Loan With Jen podcast

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

FIRPTA with John Strohmeyer

In this episode of the Loan with Jen podcast, we are joined by attorney John Strohmeyer to discuss the Foreign Investment in Real Property Tax Act (FIRPTA). FIRPTA caters to anyone interested in the world of real estate, especially those who aren't US citizens or permanent residents but are considering buying property in the United States. John, with his extensive knowledge of FIRPTA, breaks down this complex topic into digestible pieces.
 
We delve into the nitty-gritty of determining tax residency, considering factors like the number of days spent in the US and tax filing status. Our discussion sheds light on the complexities of FIRPTA and its potential impact on real estate transactions involving foreign individuals. Overall, we offer a clear and insightful overview of FIRPTA and its implications for foreign property investors.
In this episode, you’ll learn:
Who qualifies as a "foreign person" under FIRPTA
FIRPTA has two main aspects: US income tax and withholding tax
Responsibility of buyers when engaging in transactions with foreign sellers
Complications that arise when foreign owners pass away with US property
 
Must-listen moments: 
[00:01:07] Overview and significance of FIRPTA
[00:01:30] The definition of a “foreign person”
[00:03:15] Criteria for determining tax residency in the US
[00:05:28] Exceptions on work visas who are considered residents for tax purposes
[00:13:09] Potential consequences of not complying with FIRPTA regulations
 
John 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

Closing Costs When Selling a Home

In this episode of the Loan with Jen podcast, we deliver a no-nonsense breakdown of closing costs when selling your home, free from any corporate buzzwords. We delve into the intricacies of prorated property taxes, emphasizing that even if you've been escrowing your taxes and insurance, they must be settled at the closing table. 
We emphasize the importance of knowing the specific costs associated with your state - closing costs can vary from state to state. We explain the realtor commission and estimate title and legal fees. We also provide a step-by-step guide for calculating and deducting taxes and other potential expenses, such as unpaid loans, utility liens, and homeowners' association dues. 
In this episode, you’ll learn:- What is percentage is realtor commission- What is the estimate on title and legal fees- A practical example to illustrate the calculations involved- How to determine your net proceeds from selling your home
Must-listen moments: [00:00:58] Regional differences in closing costs[00:01:20] Realtor commission and buyer and listing agent’s cut[00:04:35] What is prorated property tax and the necessity of crediting them to the buyer during closing[00:05:35] A step-by-step guide for calculating prorated property taxes based on the month of sale[00:06:30] What are potential expenses, including unpaid loans, utility liens, and homeowners' association dues
👉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

Roll in improvements with FHA 203k Loan

Buying a home that might need some improvements? The FHA 203(k) loan is like a mini construction loan bundled with your mortgage. If you're looking to roll in at least $5,000 of improvements – think paint, carpet, even bigger fixes like foundations – this loan might be your answer. It's all about beautifying your space while enjoying benefits like a low downpayment and flexible credit requirements. Keep in mind, though, not all lenders offer this option.
In this episode, we share that a HUD-approved consultant is in the mix, and while the perks are cool, there are extra fees and a potential 45 to 90-day waiting period due to inspections. So, hit up the link for approved lenders, chat with your realtor and local lender, and stick around for more insightful episodes with Jen.
In this episode, you’ll learn:
Basics of FHA (Federal Housing Administration)
Basics of HUD (Housing and Urban Development)
Importance of finding approved lenders through the FHA website
What are the extra fees involved
Must-listen moments: 
[00:00:58] What is a 203k loan
[00:02:18] What is the required down payment
[00:03:20] Benefits from 203k loan for beautifying your home
[00:04:38] The process of getting a contractor bid and HUD consultant
[00:05:30] How improvements affect the effective purchase price and the calculation of the minimum down payment
Links mentioned https://www.hud.gov/program_offices/housing/sfh/lender/lenderlist
👉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 Free Up Cash Flow with Oliver Pereira

Whether you're eyeing a new home, a big purchase, college expenses, or just some extra financial wiggle room - today's guest, Oliver Pereira from Limitless Cash Flow, is here to guide us. He breaks down the game plan for enhancing your cash flow without upending your life. It's about understanding your budget, trimming excess spending, and directing your leftover funds wisely. Oliver is like a money coach who helps you maximize your existing budget for more financial power. 
 
This episode delves into reducing debt and finding immediate financial relief, highlighting the significance of disciplined financial management. It is a practical guide for individuals seeking increased cash flow and financial empowerment and offers valuable advice for those aiming to bolster their cash flow and establish a disciplined approach to money management.
In this episode, you’ll learn:
What is self-banking
How to boost your cash flow
Practice of intentional spending
Reallocating of surplus funds
How to optimize your budget without making major lifestyle change
Must-listen moments: 
[00:01:28] Being intentional in knowing your budget
[00:04:01] Borrowing from yourself and investing the money
[00:06:57] Benefits of paying off debt earlier
[00:07:30] There is no magic bullet to immediate relief
[00:10:20] The importance of having a budget
Oliver PereiraEmail: oliver@freedomincashflow.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

Caretaker Income - How to Earn Govt Income to Care for Elderly Parents

In this podcast episode, discover a unique and often overlooked way to support elderly parents while also earning government income. Jen Hernandez welcomes Ugo Eziefule from Providers of Texas, a passionate advocate for underserved communities. Ugo sheds light on a game-changing opportunity for caregivers through state programs, where family members can get paid for taking care of their loved ones in need.We delve into the details, discussing how the process works and debunking common misconceptions. This conversation uncovers a valuable lifeline for both caregivers and their elderly parents, offering a fresh perspective on providing care while receiving essential financial support.
In this episode, you’ll learn:
Who is Providers of Texas
What are the caregiving services offered, focusing on activities of daily living (ADLs)
Get compensated for what you're already doing for your family
What is the balance between caregiving and other responsibilities
What are the options for different levels of care for your elderly parents
Must-listen moments: 
[00:01:17] What does it take to become a home health worker?
[00:05:57] How do you determine who is eligible for the program?
[00:06:16] Family (children and family members) income assessment
[00:07:22] Complex care scenarios and potential progression
[00:08:44] How to get started with the program
[00:10:49] Can the income for caregiving services be considered for loan approval?
 
https://www.providersoftexas.com/Call us today on (281) 550-2928Email: admin@providersoftexas.comUgo Eziefule: https://www.linkedin.com/in/ugoeziefule👉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

Probate Issues for Sellers

Today we are talking to John Strohmeyer, a licensed attorney, probate and estate issues. We discuss the implications of property ownership within trusts, shedding light on what happens to a house when someone passes away.Whether or not you have a will in place, the episode breaks down the intricacies of probate, highlighting the importance of estate planning, especially when dealing with real estate. This episode provides valuable insights into estate planning and property ownership, making it a must-listen for homeowners and those seeking clarity on these important matters.In this episode, you’ll learn:
Significance of having a will
The challenges that can arise without a will
Potential complexities of transferring property title to surviving spouses and,
Navigating lender interactions
Must-listen moments: 
[00:00:57] What happens to the property mortgage when the property owner passes away
[00:02:53] How long does a probate process usually take?
[00:04:19] What is community property in Texas?
[00:05:38] Small estate affidavit vs. full heirship
[00:07:14] State of Texas’ responsibility when a spouse passes away
[00:08:55] How to deal with the mortgage company?
John 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

Buying Home In Name of a Trust

In this episode, Jen Hernandez interviews John Strohmeyer, a specialist in real estate, probate, and estate issues. They explore the difference between revocable and irrevocable trusts and discuss why lenders prefer properties in revocable trusts. This episode is for homeowners, potential homebuyers, and anyone seeking to understand the implications of placing assets, especially real estate, into a trust.
Jen and John also delve into the benefits of putting a house in a revocable trust while cautioning against immediate funding of revocable trusts to avoid triggering due-on-sale clauses with lenders. This episode also emphasizes the importance of seeking professional advice when considering estate planning to avoid potential pitfalls.
In this episode, you’ll learn:- The two main types of revocable trusts, a testamentary trust or a lifetime revocability trust- Why lenders prefer properties in revocable trusts- Avoid probate and simplify asset management- Understand the implications of placing assets into a trust.Must-listen moments: [00:01:08] What is a revocable and irrevocable trust[00:01:15] Why would people want to put assets in a trust in the name of a trust?[00:03:20] The difference between a revocable and irrevocable trust[00:05:31] What are the benefits of a revocable management trust?[00:08:01] What happens if a revocable trust is denied?[00:10:24] How much should you expect to be taxed? Bad advice from banks on revocable trusts.
John 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

No Unfinished Business Podcast: Leveraging Your Home Equity w/ Jen Hernandez

Whether you're a homeowner seeking to unlock your home's potential or a professional advisor understanding the risks and rewards of leveraging home equity, this episode is a must-listen for invaluable insights!Join mortgage expert Jen Hernandez in this thrilling episode with No Unfinished Business Podcast by John Strohmeyer, as she unravels the possibilities of utilizing your home's equity. Discover innovative financial strategies like cash-out refinances and investments that can help lower monthly payments, clear IRS tax liens, and manage credit card debts. Jen emphasizes the flexibility of cash-out refinancing, tailored to your needs, with expert solutions to overcome credit and marital obstacles.In this episode, you’ll learn:
What is the time-sensitive process
Paperwork submission needed
Potential delays due to existing liens, poor credit scores, or divorce-related issues
Must-listen moments: 
[00:00:02] What are the creative ways to use equity
[00:02:09] How long does it take to get the cash out
[00:03:31] IRS Tax Lien
[00:09:22] How to overcome divorce lien
[00:11:22] How much should you expect to be taxed?
This podcast episode first appeared on No Unfinished Business Podcast by John Strohmeyerhttps://www.strohmeyerlaw.com/leveraging-your-home-equity/👉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

Property Taxes in Texas | How Property Taxes Work

In Texas, property tax is zero at the state level. However, various districts like county, city, water districts, school, and emergency services have the authority to levy their own taxes. These taxes are assessed independently by each district and later collected by the county taxing office. In this episode, we will go into the different types of property taxes in Texas, explore the ways they are collected, and also exemptions that are available. 
In this episode, you’ll learn:
How taxes are assessed
How taxes are distributed/paid 
Exemptions available 
Must-listen moments: 
[00:00:00] Why Texas has zero state property tax and zero income tax
[00:01:36] How the tax system works in the state
[00:03:23] How the tax rate works in the Houston area
[00:05:17] How an escrow account works
[00:06:35] Available tax exemptions in Texas
👉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