3 Signs You Are NOT Ready To Buy a House In 2021 w/ US Top 50 Mortgage Lender Jennifer Beeston

Рет қаралды 38,848

3 жыл бұрын

Are you ready to buy a house? You are if you have these three things ready to go! I am so passionate about this I even wrote an article too!
jenniferbeeston.com/financial...
#mortgageadvise #homeloan #buyingahome
Clearly I love doing loans! Need a mortgage or want to chat about your scenario? I am licensed in 46 states for purchase and refinances. Here is how to contact me:
1) Book a call with me: calendly.com/jennifer-beeston
2) Apply for a mortgage now at www.zerostressmortgage.com If you apply please text me your full name and email address letting me know so I can look for your app:) TEXT 707-478-0637
3) Call me 707-478-0637
Instagram - jenbeeston
Facebook - jenniferbeestonmortgage
Jennifer Beeston, SVP Mortgage Lending, Guaranteed Rate, Inc.
Top 1% in the nation 2016-2020
*Proudly Offering Purchase Loans + Refinances in 46 states!!!
More Helpful Content:
Home Loan Basics: • What is a Short Sale? ...
Loan Programs: • VA Mortgage Loans - St...
VA Loans: • VA Mortgage Loans - To...
Real Estate Breaking News: • FHA Loan & VA Loan Cha...
Mortgage Rates/Refinancing: • Is NOW the Best Time t...
State License Numbers: AK - AK247743, AL - 72998, AR - Licensed, AZ - 1007541, CA - CA-DOC247743, CO - 100516570, CT - LO-247743, DC - MLO247743, DE - MLO-247743, FL - LO66900, GA - 70357, HI - HI-247743, IA - 33839, ID - MLO-2080247743, IL - 031.0054184, IN - 41478, KS - LO.0039219, KY - MC717200, LA - Licensed, MA - MLO247743, ME - Licensed, MI - 247743, MN - MN-MLO-247743, MO - MO-247743, MT - 247743, NC - I-189119, ND - NDMLO247743, NH - Licensed, NM - Licensed, NV - 66544, NY - Licensed, OH - MLO-OH.247743, OK - MLO20600, OR - 247743, SC - MLO - 247743, SD - MLO.08498, TN - 205478, TX - Licensed, VA - MLO-40552VA, VT - VT247743, WA - MLO-247743, WI - 247743, WV - LO-247743, WY - 8203
Branch Address: 4863 Old Redwood HWY, Suite D, Santa Rosa, CA 95403
GR NMLS ID 2611 www.nmlsconsumeraccess.org
NMLS Consumer Access - www.nmlsconsumeraccess.org
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate for current rates and for more information.
All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate, Inc. Guaranteed Rate, Inc. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.
Guaranteed Rate, Inc. is a private corporation organized under the laws of the State of Delaware. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture or any other government agency.
help buying a home,jennifer beeston,top mortgage originators,Guaranteed rate,mortgage lending,mortgage house buying,first time home buyer,real estate,first time home buyers tips and advice,buying a house,buying a home in 2021,buying a home,how to buy a home,housing market,real estate investing,how to buy a house,2021,housing crash,housing market crash,graham stephan,real estate market,home buying tips,2021 housing market,mortgage

Пікірлер: 170

@brandonminer1492 2 жыл бұрын

Guys. Study finance. I hate to say it but if you have a bad habit of overdrawing your checking account, you aren't ready to buy a house. In fact, you aren't ready to buy anything. In fact, stop buying everything except for absolute essentials. (Food, gas, rent, etc). Keep track of every dollar that comes in or goes out. This generation is open minded and caring, and although the current housing situation is not our fault, we still must take ownership. Peace

@DirectConnectBoxTruck 3 жыл бұрын

One of those scolding talks us future home buyers need to hear. Great video!

@JenniferBeeston 3 жыл бұрын

It’s all love and the next steps. No scolding:) thank you

@Branbrina Жыл бұрын

Are you supposed to pay medical collections that have been on credit for 4-5 years before you can buy a house?

@PLT123 3 жыл бұрын

Just discovered you, love your videos! First time home buyer here about to get a piece of the pie. Thanks for all the great information. New subscriber😁

@JenniferBeeston 3 жыл бұрын

Thank you:)))

@alexandraadams2070 3 жыл бұрын

Awesome video...very informative. Love your hair...great colors!!!

@JenniferBeeston 3 жыл бұрын

Thank you!

@miajones6160 3 жыл бұрын

Great video! So helpful

@paulcardone481 3 жыл бұрын

Great videos for a prospective first home buyer. I learned so much today. I think I watched almost all your videos

@JenniferBeeston 3 жыл бұрын

I am glad the videos have helped:) when you are ready to get preapproved you know where I am;)

@barnabycarion3247 2 жыл бұрын

Amazing!! Answered literally every question I had this morning. Thank you very much.

@letslearnmore24 2 ай бұрын

Thanks, Jen, you help me to understand everything about buying my first home. Could you please create a video for A First time home buyer? Thank you very much!

@49Macman 2 ай бұрын

Really good stuff. Thanks.

@JenniferBeeston 2 ай бұрын

happy to help!

@49Macman 2 ай бұрын

@@JenniferBeeston Thank you for your quick reply! I'm in a slightly different situation. I am looking for equity. The house is in my name for this purpose. I am in the process of buying my childhood home from my siblings. I gave them a big down payment and have been paying $600.00 a month for at least 14 mos. However, they want the big payment soon or I need to sell. My credit score is excellent and my DTI is 29%, but was told by a banker I have a chance to get it, but I should get some more part time work to pay off line of credit (more than minimum) and this should give me a great chance! I currently give private instrumental lessons and due to covid my numbers were down. Now they have picked up exponentially. I see similarities in what you are saying, so thanks again.

@sayladytea 3 жыл бұрын

AMAZING video I learned a lot for my mortgage/home preparation.

@JenniferBeeston 3 жыл бұрын

Glad it was helpful!

@chasehartmann5074 3 жыл бұрын

My spouse is a doyen. We have really done a few good on our credit reports. We have been trying to raise our scores to mid-800 his score is 519 while mine is still in the high 500’s. (I think is 536 currently.) I also have a judgement against me for a credit card. The judgement doesn’t appear anymore on my credit report, I assume because it’s over 6 years old. I’m pretty sure it didn’t just “go away”. All effort to increase my credit score and eliminate all the negative items on my report proved abortive until I saw good remarks of how this credit expert ''Michael Gibbs'' had helped people. Here is his contact [Gibbs@creditpatchup.com]. He did a monumental job by helping us raise our credit score to 826 and 814 respectively and removed all the negative items replacing them with beautiful tradelines. Just a couple of days after, we fixed agreement. Thanks am highly indebted Jack. He can be reached via his email for fast response [Gibbs@creditpatchup.com]..

@Korre84 Жыл бұрын

GATDAMNIT you're good. I subscribed and will be using you in December 2023

@JenniferBeeston Жыл бұрын

Thankyou! Look forward to working with you:)

@MarthaMartinez-ez4vd 2 жыл бұрын

i love your channel really informative

@JenniferBeeston 2 жыл бұрын

Thank you!

@MarthaMartinez-ez4vd 2 жыл бұрын

@@JenniferBeeston Once im ready, saved up and got my scores higher you will def be hearing from me to help me buy my first house.

@johngeorgewashington1416 3 жыл бұрын

Happy New Year..

@JenniferBeeston 3 жыл бұрын

Same to you

@s.j.5850 3 жыл бұрын

Great information on what goes on from the lender's point of view.

@JenniferBeeston 3 жыл бұрын

Thank you:)!

@marisolquiroz3211 3 жыл бұрын

You are the best !!

@JenniferBeeston 3 жыл бұрын

Thank you!:)

@jrwheeler81 2 жыл бұрын

Love this! My husband and I are currently in the process of buying our second home. I'm a 1099 independent contractor, which I've been for over 8 years (but I've been working in the same field for almost 20 years) and my husband is a W2 employee. I make just over $80k per year as an independent contractor, which our bank statements and my 1099 forms can substantiate, but our loan officer also asked me for a copy of my contract from the company I work for, which I was able to immediately send to him and he was able to get us a preapproval. I have stellar payment history on all of my credit cards (I'm totally OCD about my credit) as well as my current mortgage and auto loan with 100% on time payment history and no collections. We are currently in underwriting and I'm a nervous wreck! I think we'll be good, but it's still super stressful until you get that official green light!

@GoodV1bez Жыл бұрын

I’m impressed

@sherrimamounis5184 3 жыл бұрын

I just became a follower because I am looking to purchase a home in the next 2 years. I hope to have Jennifer be my personal guide to buying a home! Jennifer just got my cousin a preapproval in Florida even though he lives in Ohio. I'm excited since I am an insurance agent in OH, PA, NC, and Texas I have been watching so many of my clients and now family buy homes. I thought, it's time for me to see what the fun is all about!! Oh, I'll have to get licensed in Florida for my cousin! I'm Loving it!!!

@JenniferBeeston 3 жыл бұрын

Welcome Sherri!:) I would love to chat about your business. We are always looking for good people to help clients with insurance.

@sherrimamounis5184 3 жыл бұрын

@@JenniferBeeston That would be awesome! If you are avaiable next week I would love to chat and also talk about my future plans to buy a house. Watching your videos definitely helped but everyone's circumstances are unique! :)

@benbooker9114 Жыл бұрын

It’s 2yrs later, curious did you ever by your home???

@Blocktob1 Жыл бұрын

Your videos are great! I am looking forward to our scheduled talk soon. Is there anything I should have for the meeting?

@JenniferBeeston Жыл бұрын

No special prep needed:) chat soon!

@gethighonlife11 3 жыл бұрын

At least 5 people were doing those "no no's" that you mentioned while trying to apply for a mortgage, i.e. not paying bills on time, cosigning without taking responsibility for missed payments, etc.

@JenniferBeeston 3 жыл бұрын

Probably more then 5

@Joy-sp3il 2 жыл бұрын

Wow well said, I fully understand everything all that was said this is the kind of information I need thank you are in the Philadelphia area?

@JenniferBeeston 2 жыл бұрын

Happy to help. I am licensed in Philadelphia:)

@Joy-sp3il 2 жыл бұрын

@@JenniferBeeston great! Then we can work together

@JenniferBeeston 2 жыл бұрын

@@Joy-sp3il Sounds good;)

@novembercherry4 Жыл бұрын

I’ve been looking to buy our first house for about 4 years. Then I went on furlough for a year and a half. I’m assuming I’d have to start from scratch since I just got back to work Aug 2021? We’re planning on staying in the apartment for one more year, so we can save up more money.

@johngeorgewashington1416 3 жыл бұрын

My account at Wells Fargo that I had over 5 yrs I never had one overdrawn ..even when budgeting I pay minimum due if Im not sure if I know I may go over my budget if I had alot of transactions ..its easy to mistake one ..My credit is near 700 going up every month but its no where near where it should be..

@GenX2.0 2 жыл бұрын

I love your shhhhpill on "I will never co-sign for anyone...no, no way. No. Nope. Not even my kid. Nope." Hilarious!!

@Shanearenee313 3 жыл бұрын

Thank you for this information it was really helpful. I also have a question about overdraft protection. I sometimes inadvertently pay my credit card bill with my low balance account and it causes an overdraft transfer. How would this affect my home buying process?

@JenniferBeeston 3 жыл бұрын

Don't do that. Pad your lower account so overdraft does not kick in. Otherwise we have to explain why you are constantly hitting on overdraft protection which is akin to being overdrawn you just prepared for it. Overdraft protection is for emergencies only.

@Shanearenee313 3 жыл бұрын

@@JenniferBeeston Thank you so much I appreciate the advice. All of your videos are so helpful.

@chasehartmann5074 3 жыл бұрын

@louisedunmore2117 4 ай бұрын

What if you did a consolidation loan? Would that affect my ability to purchase a new one?

@arzelaascoli9189 2 жыл бұрын

I have been working as an adjunct at a university for the past few years with an average yearly salary of 20 k (ish) in the last two years. I secured a new position (at the same school; in fact, my teaching duties will be the same as before) with a nine-month salary of 48k that begins in mid August. Would I be able to use the 48k figure for the basis of a loan when the semester begins?

@denatipton2103 4 күн бұрын

Great video but what if I suspect I want more than I believe I can afford. Wish they had 60 year loans or something.

@malcolmwoods5598 3 жыл бұрын

I'm a 1099 and have tax returns for the past 2 years... I've unfortunately been showing as many deductions as possible every year to pay fewer taxes and now that I'm seriously looking at purchasing my 1st home (VA) in early 2022, should i reconsider taking as many deductions in order to show a larger NET income?? Will that even carry weight being that the past 2 tax returns will be considerably less than what will end up being my most recent return next year? Thanks for the outstandingly informative videos! You're a real one stop shop for all things mortgage related!

@JenniferBeeston 3 жыл бұрын

Thankyou. We do a two year average of income. In regards to your taxes I would always suggest you fill them out honestly. That will lead to a proper qualification.

@sarins100 Жыл бұрын

Hi Jennifer, I like your channel, super informative. I have a question for you, in the las 4 years I worked as a salaried employee, then the 5th year I started getting pay by hour , 40 hours a week with OT. Do I have yo wait another year to build a history of income stability before applying for a first-time loan mortgage? Thanks

@JenniferBeeston Жыл бұрын

We can use the 40 hours of week now but the overtime we do need a 2 year history. Sometimes you can get an exception to use overtime with a one year history but it is rare

@geraldmanzanaresjr2561 Жыл бұрын

Seems like I'm ready

@JenniferBeeston Жыл бұрын

❤️❤️

@latricenettles4514 Жыл бұрын

Can you please do a video for travel/contract nurses. I am a travel RN now local contracted and I am hearing that it is very hard to get a loan.

@roseg1333 5 ай бұрын

I’m still confused as to what assets are not like another house and boat right? Like a savings account with a good amount saved? 😅 sorry still trying to understand this all 😊☺️

@omaraness 3 жыл бұрын

Hi Jennifer. How can start build our credit if we have zero credit (thanks Dave Ramsey 🤦🏻‍♀️) we got one credit card after applied for 5 different credit cards. What’s the best way to go from where we are?

@JenniferBeeston 3 жыл бұрын

Ahh yes love Dave but his credit advice to close all cards is so brutal for anyone who ever needs a home or car loan. Check out this video I did a few years back. Info still rings true today kzfaq.info/get/bejne/p6lzocybs9bPdHk.html

@shadorismartin 3 жыл бұрын

Jennifer, on your upcoming VA Wednesdays can you clarify how lenders look at active duty military transitioning to civilian and how you guys view income/jobs. Please and thank you! My husband and I plan to get federal/state jobs in the same field of work we are doing in the military.

@JenniferBeeston 3 жыл бұрын

Yes definitely!

@shadorismartin 3 жыл бұрын

@@JenniferBeeston thank you !

@chasehartmann5074 3 жыл бұрын

@nicolet.rainer1605 3 жыл бұрын

I pay my credit card bills on-time and in-full each month; I can pay cash, but I like to build-up cash back points. From a mortgage lending perspective is this practice frowned upon? How many months before I apply for a mortgage should I just stop using credit cards altogether -- 6mos. out?

@JenniferBeeston 3 жыл бұрын

if you pay off your bills in full every month your score should be pretty darn high. I do the same thing but when I am getting ready to buy a house I pay my credit card of weekly two months before I pull credit just because when the bureaus pull I don’t want to have a high balance. It is not necessary to do this but it can help and if you pay it off monthly then increasing to weekly should be no big deal

@kathyodaniel4044 Жыл бұрын

In wanting to buy.... However I have no taxable income (no tax returns) disabled widow, ln working on my credit... What do I need to do to quality I'm pursuing a v.a. loan

@user-pr6rt2vv9b Ай бұрын

Veryvery correct

@JenniferBeeston Ай бұрын

ty!

@paulinelaporte3256 3 жыл бұрын

New subscriber here. Can you please cover the process of mortgage loan for spec home?

@JenniferBeeston 3 жыл бұрын

Like with a builder only doing one home? Or for a subdivision?

@paulinelaporte3256 3 жыл бұрын

@@JenniferBeeston for a subdivision please. Btw, thank you so much for creating these videos. You’re making everything easy to understand too. They are super helpful for people who didn’t have too much knowledge on this process. They need to show your videos to everyone who wants to own a home.

@JenniferBeeston 3 жыл бұрын

@@paulinelaporte3256 :) I am glad they are helpful. Yes I can 100% do that video. Keep an eye out for it next week!

@paulinelaporte3256 3 жыл бұрын

@@JenniferBeeston so looking forward to it! Thank you sooo much!

@et8865 Ай бұрын

Is it good to pay off your credit in full before the due date? Which will always show a 0 balance every month. Making it look like the card isn't used. Is this a good idea?

@JenniferBeeston Ай бұрын

Paying off your credit card every month in full should always be the goal. I do before the due date as I like a time cushion in case auto pay fails etc...

@et8865 Ай бұрын

@@JenniferBeeston ok thx a million

@fredswartley9778 2 жыл бұрын

So for self employed people, are you looking at the gross income or net income on the tax return? The net income often doesn't reflect the true amount of wealth earned.

@JenniferBeeston 2 жыл бұрын

Net with some add in's

@nekaybew 3 жыл бұрын

Can you do top va lenders?

@JenniferBeeston 3 жыл бұрын

No because it is a conflict of interest as I am a VA lender

@tfptravel.food.peace.3788 Жыл бұрын

Question: what if you've never paid on your student loan? Would that disqualify you?

@JenniferBeeston Жыл бұрын

If they were due and you never paid them that is not good but if they have been deferred and not had to pay them then that is fine.

@Prophecyzonenews 2 жыл бұрын

Can I use my VA benifits money for Income? I am at 100% rating.

@JenniferBeeston 2 жыл бұрын

VA disability income yes we can 100%

@JSmith-yk4rt 3 жыл бұрын

You emphasized 40 hours per week or at least a consistent amount of hours weekly. I’m a medical professional, I typically work 3 days a week 12 hours per shift (36 hours). However, I graduated 6 months ago. Would I be able to use my time in school as income since I work in my field of study?

@JenniferBeeston 3 жыл бұрын

Yes and as long as the 36 hours are guaranteed you are good. The only part it gets tricky with medical is if the hours are not guaranteed or you are per diem. Per diem/ON call would kick you into a two year average but this sounds like you are guaranteed 36 so you should be good. We work with a lot of medical staff.

@panamacitybeachbum 3 ай бұрын

Gorgeous

@zaddvang 2 жыл бұрын

What happen if we are in the process of building(employment as w2) and should be close with 3months, but other company offer you a new job with higher pay(working in similar field with w2). Is this going to affect your approval? Thanks in advance.

@JenniferBeeston 2 жыл бұрын

Should be fine but 100% check with your lender as it is specific to you and how the offer and new job is worded etc

@bnicolette81 2 жыл бұрын

Hi Jennifer, if I agreed to pay off my car loan over a 72months period, but paid it off in 15 months, is that frowned upon?

@JenniferBeeston 2 жыл бұрын

Not frowned upon but paying off early closes the tradeline and if you have limited credit it can adversely affect your score

@Xtremeproducts 3 жыл бұрын

#GoodCredit

@carleevastano902 2 жыл бұрын

my boyfriend and I want to buy a house but, im worried about my past credit history. i’m 25 now but when i was 19 i opened two credit cards maxed them out and never paid them cus i was young and dumb. however i recently got a credit card that i put my own money on to rebuild my credit along with a target credit card and i have never missed a payment. do you think i could still be approved even if i have a past of bad credit.

@JenniferBeeston 2 жыл бұрын

Depends on where your score is but yes you should be fine with rebuilt credit. I made the same mistake decades ago.l so I feel ya. You need to rebuild credit and then score will come into play

@carolmeehan1083 3 жыл бұрын

What about someone in the military?

@JenniferBeeston 3 жыл бұрын

In what regard?

@damicapayne8064 3 жыл бұрын

what if i dont have any debt ? i was told i need some kind of debt in order for my credit to raise

@JenniferBeeston 3 жыл бұрын

Depends on loan type

@brendanmcanally3309 Жыл бұрын

what about tip income? my gf is a server and were looking to buy our first house we both have 15 grand saved but for her income does she turn in her tip recipts?

@JenniferBeeston Жыл бұрын

Needs to be shown on taxes or w2

@Xtremeproducts 3 жыл бұрын

#NoOverdraft

@RTPRESSUREWASHING 5 ай бұрын

Hey Jerry, quick question how does it work if you have VA disability and also own a business and write stuff off??

@michealsizemore1 3 жыл бұрын

If you have overdraft protection does it still count against you?

@JenniferBeeston 3 жыл бұрын

Ideally it is for emergencies only. Keep a cushion in your checking too

@michealsizemore1 3 жыл бұрын

@@JenniferBeeston Cool. Will do.

@jeffreynegapatan 2 жыл бұрын

my wife has consistent bonuses on top of her base salary as promised and on paper…but she just got promoted february…can that be included for preapproval or just the base salary?

@JenniferBeeston 2 жыл бұрын

If the promotion increased her base we can use it. If it is just a higher prospect of a bonus she would need to earn it first. Hope that makes sense

@krystallove9768 3 жыл бұрын

What if my tax return in 2019 was lower then my actual salary because I took maternity leave? But 2020 shows my actual salary? Can I include 2018 as well to show my actual salary yearly?

@JenniferBeeston 3 жыл бұрын

If you are salary we will go off of that:)

@flamingooneleg77 3 жыл бұрын

If you think you’re salary’s not that good, then use carrots.

@Xtremeproducts 3 жыл бұрын

#Workstability

@zunedog31 3 жыл бұрын

Never co-sign under any circumstances. Ever.

@JenniferBeeston 3 жыл бұрын

100%

@sokhasen8146 2 жыл бұрын

I co signed with my father and it works.

@MRIDDLE72 2 жыл бұрын

My Mother had co-signed for me a for car. 3 year lease no problem. What’s the issue? Y’all sound selfish

@zunedog31 2 жыл бұрын

@@MRIDDLE72 Having someone co-sign for you is different, it's a great deal and let's you walk away from the loan if you want to. Obviously it's stupid to take the other side of that.

@yeahright007 Жыл бұрын

My husband co-signed for my in-laws’ house. Now I am worried that we are about to start getting pre-approved, it might affect us.

@MomofFour24 Жыл бұрын

My husband was active duty Navy for 11 years, then went to trucking school and got his CDL. When we file taxes in 2023 he will have been with his company for 1 year. Will this make us denied for the VA loan?

@JenniferBeeston Жыл бұрын

If he is w2 and pay is consistent (salary or hourly) it should be fine. If he is self employed, by the load or by the mile, 1 year taxes would be an exception

@MomofFour24 Жыл бұрын

@@JenniferBeeston thank you for the quick response!

@IvanVelezVlogs 3 жыл бұрын

I make hourly with commission, I'm guaranteed to work 2080 hours a year and my income verification states that. My employer doesn't post my commission on w2 separately, they just add it to my base pay. For example, 2018 base was 15.3750/hr but year end I made 46k, 2019 17.40/hr but ended 55k, and 2020 19.1375/hr but ended at 74k... How would I qualify? Would they only take base or take my average?

@JenniferBeeston 3 жыл бұрын

We would use most recent hourly rate and average the hours over the last two years and use your two years most recent average on commission. If any section of income is declining we go with the decline. Let me know if that makes sense. If I was preapproving you I would order a written verification of employment from your employer to break down your pay types for last two years.

@chasehartmann5074 3 жыл бұрын

@jannelan9312 3 жыл бұрын

Hi there! I am a brand new license real estate agent considering to leave my current hourly job and go full time as a Realtor. If I do that, do I need to wait the 2 years to qualify for a conventional loan to purchase an investment property with at least 25% down? Also, are you license in the state of TX? Thank you in advance! 😊

@JenniferBeeston 3 жыл бұрын

Hi Jannel, That is exciting! For a conventional traditional 30 year fixed we would want two years filed tax returns. You may be able to find a portfolio loan that will do one year.

@jannelan9312 3 жыл бұрын

@@JenniferBeeston Thank you! 😊

@BrokeAgain Жыл бұрын

so basically make sure you can afford it

@bacritotopmodel4217 3 жыл бұрын

Do you need to have a saving before buying a house??

@JenniferBeeston 3 жыл бұрын

Unless you qualify for a VA loan then yes. Even then you need to have some money in the bank to cover inspections and appraisal. Also whenever you buy a house there are closing costs and counting on the seller to pay them is not super realistic based on what I am seeing in the market.

@bacritotopmodel4217 3 жыл бұрын

@@JenniferBeeston Thank you for the infos. I real lile your video

@chasehartmann5074 3 жыл бұрын

@paulchingh2873 3 жыл бұрын

If my based salary is 65k with OT It’s more can I used just my based and not income with OT

@JenniferBeeston 3 жыл бұрын

If your base is guaranteed yes

@paulchingh2873 3 жыл бұрын

Thank you

@rainbowsunshinekitty3953 2 жыл бұрын

Americans: Budget Smudget! 😂😂😂

@KP-cd6pf Жыл бұрын

How do gig-type jobs affect your income amount? If you have a full-time job for more than 2 years but recently started working part-time with random hours in a gig(Uber, Instacart, etc) can your lender use that additional income to supplement your full-time salary?

@JenniferBeeston Жыл бұрын

I have a video on this:) kzfaq.info/get/bejne/aJx-qtB-27W-nX0.html

@monicarenee7949 Жыл бұрын

I’d be interested in watching her video next, but in my case the bank did not consider my gig income but he said I didn’t need that extra income to qualify for the house I needed a loan for. Especially if it’s not on past 2 years statements I know they won’t use it, but they may allow a larger debt to income because they know they aren’t considering certain income.

@franciscojavierpereza5104 Жыл бұрын

Hi i am a veteran with %40 disability rating at this point. Married with 2 children, not proof of income since I have not work for the las 14 year it is posible for Me to buy a house

@rosel2054 3 жыл бұрын

we apply but deny by fannie mae, my husband is retired and i dont have a job, i hope u can help us

@JenniferBeeston 3 жыл бұрын

Did the lender try freddie mac?

@joaquinvelasquez6232 3 жыл бұрын

Can i used my 2 year of self employed plus a w2 in order to qualify for a mortgage?

@JenniferBeeston 3 жыл бұрын

If you have been self employed for 2 years and have had the w2 job for two years then yes. Check out this video on 2nd jobs kzfaq.info/get/bejne/m7xifrWeuLTOeGw.html

@chasehartmann5074 3 жыл бұрын

@cassie3051 6 ай бұрын

It seems like the system is against people owning a home. Look at how many barriers that you mentioned. If a person can pay rent for 10 years they can own a house. People may have to look for people who want to do business with them, instead of keeping them from owning a home.

@JenniferBeeston 6 ай бұрын

Hi Cassie, my entire channel is designed to help people get into a house. There really are not many barriers.

@realrainpoursx 2 жыл бұрын

At first thought you were the actress from She’s Out of My League 😂

@JenniferBeeston 2 жыл бұрын

hahahah I wish lol

@realrainpoursx 2 жыл бұрын

@@JenniferBeeston pretty dang close!

@romeostarlite21 3 жыл бұрын

Self employed clients make me cry some days, they report a way higher income but at the end of the day, there's always less verified after reviewing tax documents and they get mad at me hahaha

@JenniferBeeston 3 жыл бұрын

Welcome to my world lol. If you ever find a way to get them not to yell let me know.

@romeostarlite21 3 жыл бұрын

@@JenniferBeeston 😂😂😂😂😂😂😂

@applejack2911 2 жыл бұрын

What about if you've paid your Rent of $1400 a month on time the last two years never been late once? Documented. If I can pay 1400 dollar rent on time for two years, I surely can pay a 1100 dollar mortgage on time. Why don't they consider that?

@JenniferBeeston Жыл бұрын

We have to go by debt to income. Payment history is important but it does not trump debt to income calculations kzfaq.info/get/bejne/nLGnp818ycqWdGg.html

@Hall_theway Жыл бұрын

I do not agree with your forbearance comment. I worked a w2 job and ended up having to go into forbearance due to that job furloughing me. Now i am self employed and can totally afford to buy a half a million dollar home. COVID hit us all, and i think most lenders will look at every aspect of that when making determinations.

@JenniferBeeston Жыл бұрын

That video is over a year old when people in forbearance were trying to buy additional homes. If you have recovered after that period it is not a problem as lenders look at the whole situation.

@chaborrogp 3 жыл бұрын

if im making 100000 dollars a month im not going to need a mortgage Jennifer

@JenniferBeeston 3 жыл бұрын

lol you still will in California and other high cost areas:)

@chasehartmann5074 3 жыл бұрын

@BambooScar Жыл бұрын

Insufficient these are a scam it should be illegal, I don’t mind paying interest of an overdraft amount for the number of days that I am in the negative

@franciscorios4616 Жыл бұрын

Why should I trust my money on someone who say “I wouldn’t co-signe for anyone “ to me this is a flag that tells me this person only thinks about getting richer at any cost. I wouldn’t co-signe for most of the people, but there are exceptions because if you care about other, sometimes you go beyond anything