How to Pick A Good Mortgage Lender, and Avoid Bad Ones!

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Timestamps:
0:00 Introduction
0:01 Importance of Asking Questions to Your Mortgage Lender
0:35 Red Flag: Not Communicating Directly with Your Lender
1:26 Researching Your Loan Officer
2:23 Importance of Reading Reviews
3:59 Verifying Your Lender’s Experience
5:01 Question 1: How Long Have You Been in the Business?
6:29 Question 2: At What Point Can I Lock in My Rate?
8:45 Question 3: How Long Does it Take to Close the Loan?
9:08 Question 4: When Will You Go Over Closing Costs and Payments?
10:27 Question 5: Pre-Qualification, Pre-Approval, or Fully Underwritten Pre-Approval?
11:13 Importance of Fully Underwritten Pre-Approval
13:02 Explanation of Credit Pulls
16:00 Question 6: How Many Loans Did You Close Last Year?
17:15 Question 7: Do You Participate in Real Estate Agent Marketing?
19:02 Importance of Asking Questions and Setting Expectations
21:46 Questions? Call 707-478-0637 or Book the Calendar

Licensing info: Jennifer Beeston, SVP Mortgage Lending NMLS 247743 at Guaranteed Rate, Inc. NMLS 2611 Branch Address: 1750 N University Drive, Coral Springs, Florida, 33071 Equal Housing Lender
NMLS 247743 Guaranteed Rate NMLS 2611
To access Guaranteed Rate:

My 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, MS-247743, MT - 247743, NC - I-189119, ND - NDMLO247743, NH - Licensed, NM - Licensed, NV - 66544, NY - Licensed, OH - MLO-OH.247743, OK - MLO20600, OR - 247743, PA-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

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.

Hashtags:
#mortgagelender #firsttimehomebuyer #jenniferbeeston #firsttimehomebuyertips

[alexanderruhe]

This was one of the first things I clicked on when researching about my future lender, and this was such an incredible video. Thank you so much for the tips!

[TheEdutainersPR]

We have the privilege of working with your team. At the end Jen Anderson told us that the other lender was offering a better rate (6.35% vs 7%) But, what a pleasure to have her as a lender. We were shopping and compare rates with 4 different lender. We told everyone since the first chat that we were shopping, Jen was very understanding. We had other lender who was super mad when we told him we found a better rate, he even told us that we were using him and his knowledge and after all his effort we decided to go with another lender. Crazy, right? But so different with Jen. Definitely considering the team when the time to refinance arises.

[jcapers]

This was what I was talking about… what questions to ask lenders!! Thank you… coming from the recent video of lenders and points

[JenniferPatla-HomeLoans]

I'm a mortgage lender and 100% agree with everything you said in the video. This is great information for me to share with my clients and truly appreciate you making this video. Best wishes!

[mnrois]

Thanks Jen! Your wealth of knowledge and integrity is appreciated. New sub.

[joer]

You have a terrific personality !!! Very helpful videos. I’m a veteran in California needing help purchasing a home.

[leesmith]

I honestly don't believe I've ever seen anyone as knowledgeable as you on any subject given

[Kylesmight]

How do new lenders get business if you think no one should use them if they have no reviews?

[SoniaGonzalez-bmbw]

I wish I would have found your channel before starting my process. My realtor presented as a one stop shop and moved accordingly until I pointed out that I learned I have option to another lender, atty etc. obviously it creates sour grapes but the new lender provided better rates and details. The realtor just inserts the people of her team into the role(s) and documents until I pressed the brakes.

[nanialohabee]

Thank you so much for this! Always the best advice. :)

[greendale]

As home buyers, we both need to shop around and we can't be having every lender do hard pulls of our credit. It's not our fault that those pulls affect our credit score. And those scores are the very thing lenders are looking at.

[s.j.]

I always learn something new about the home buying / mortgage process when I watch your videos. How many lenders would you suggest I approach for a mortgage loan?

[Kylesmight]

Who has cheaper rates brokers or direct lenders?

[Lovepuppies]

I 100% agree ( as always) with everything you said!
( I hate when realtors play lender and try to give you a monthly payment without even knowing your situation)
Thanks for the great videos!

[Kylesmight]

A proper loan import & T up, with running credit soft pull, running work # and IWS.. issuing a pre-approval is fine.. I wouldn’t run a hard pull bc things can happen and now they aren’t ready to buy.

[BrandworxPromotionalProd-tnxd]

Thank you for this video and we are in the process of buying a home soon. We are moving back to Naples Fl and would like to check on the Va rate now?

[candycane]

That’s true but people do have their friends give reviews

[jaSi]

Hi, new here. I'm so glad that I found your videos. You do seem very knowledgeable and sincere. I'm actually just starting with the home buying process. It would be my first time buying a home, and the mortgage lender does not call me. Even after I was pre-approved, no phone call to explain the numbers. I do not get a good feel from her. She was referred by my real estate agent. I want out from her.

[saintmichael]

Hi Jennifer. Good stuff. I'd like to purchase my first investment property. Do you do Hard Money Loans? Thank you?

[jonmakay]

Hey I'm sorry for the silly question but what rates are we talking about. The interest rates on the loan which at this point in Tennessee are 6.9. or are you talking about their personal rates. April I guess there's an ignorance moment