Loan With Jen podcast jenloanwithjen

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/UCFrSijIoUv59fxf0hXM

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