Loan With Jen podcast

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

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

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

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

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

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

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

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

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

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

In this episode, we dive into housing predictions for Houston, Texas in 2024. Jen interviews a 25 year veteran of the homebuilding industry about  the market conditions for builders last year and an upcoming proactive approach some home builders are implementing to keep ahead of market trends. Jen and guest Benita Owens of Meritage Homes explore local housing market dynamics, including interest rate trends and buyer behavior. They talk about pricing strategies - explaining how pricing is responsive to interest rate changes and buyer demand.  Overall, we have an optimistic outlook for the Houston housing market, encouraging potential buyers to invest now, foreseeing price increases as interest rates potentially drop in 2024.    In this episode, you’ll learn: A plan aiming to meet the anticipated buyer demand A widespread expectation of a market crash A scarcity on inventory and the recent dip in interest rates A gradual decrease in interest rates and prediction on influx of buyers A potential decrease in interest rates by 2024, might be a surge in market activity   Must-listen moments:  [00:00:31] Benita Owens' introduction, representing Meritage Homes at Montgomery Oaks [00:00:50] 32 years of experience in home building [00:01:50] Analysis of the 2023 market for builders and its success [00:02:16] Meritage's plans and strategies for 2024 [00:02:54] Buyer demand in the Houston market, especially in the Conroe area [00:04:13] The correlation between housing prices and interest rates, and the best time to buy [00:05:18] Texas down payment assistance and its impact on interest rates [00:06:58] Pricing range in Houston's market and future predictions [00:08:09] Houston's appeal due to low cost of living and housing affordability compared to other parts of the country [00:08:46] Final predictions on inventory, buyer demand, and market trends for 2024 [00:09:34] The advice to 'marry the home and date the rate,' emphasizing the current market opportunity. 👉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

Will the housing market crash in 2024? We address a common misconception: those anticipating a steep drop in home prices may find themselves disappointed. Fluctuations don't necessarily indicate a market crash, as defined by a rapid and significant drop in prices due to an oversupply of homes and a lack of buyers.   We also discuss Federal Reserve policies, their influence on interest rates, and the broader implications for the housing market, emphasizing the importance of understanding these dynamics for anyone involved in buying, selling, or refinancing a home. In this episode, you’ll learn: A reflection on the 2008 housing crisis A significant shift in the loan landscape with more robust, fully documented loans, and fewer foreclosures in 2023-2024 Despite the high rates causing some potential buyers to pause their home searches, there is a pent-up demand waiting to re-enter the market  A potential decrease in interest rates by 2024, might be a surge in market activity   Must-listen moments:  [00:00:32] Nationwide home price trends from November 2022 to November 2023 [00:01:15] Slight decrease in home prices in December 2023 and its causes [00:02:00] Definition of a housing market crash and its characteristics [00:02:45] Reference to the housing bubble, comparison with previous years, and the 2008 crash [00:03:30] 2008 financial crisis and its impact on mortgage lending [00:04:15] Analysis of risky loan practices and their consequences leading up to the 2008 crash [00:05:00] Foreclosure peak in March 2007 and its cascading effects on the financial sector [00:05:45] How mortgage-backed securities contributed to the financial crisis [00:06:30] The lending practices in 2008 and the healthier state of current loans in 2023-2024 [00:07:15] Current state of foreclosures and their absorption in the market [00:08:00] The pent-up demand for housing and its potential impact on the market [00:08:45] Interest rate trends in 2024 and their effect on the housing market [00:09:15] Examination of Federal Reserve policies and their implications for future interest rates. Resources: 2008 Housing Bubble 2000s https://en.wikipedia.org/wiki/2000s_United_States_housing_bubble Foreclosure Activity 2008 to 2023 https://www.attomdata.com/news/market-trends/foreclosures/attom-mid-year-2023-u-s-foreclosure-market-report/ CONTACT JENNIFER! 👉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

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

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# 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  

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 Forecast https://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# 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

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

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.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

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.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

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# 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

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/kristiwinfree https://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