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Just For Realtors
Loan With Jen is a full service mortgage banker with an experienced staff offering expertise in every area of residential mortgage lending. Our proven systems ensure your buyers close accurately, on time and with tons of communication. We have access to a variety of mortgage programs and my team is dedicated to finding the product to meet your buyers unique needs.
"A friendship founded on business is better than a business founded on friendship."
- John D. Rockefeller
As a loan officer, I know how important realtors are to the success of my business. I am dedicated to building a quality relationship with you so we can continue to grow together and make our clients' dreams come true. As your partner, I look forward to working with you to make your job easier.
Loan Process Education
How We Help You Get More Referrals
We help you get more referrals! We're referral only. We are going to take excellent care of you, so we begin what we call the triangle of trust from the very beginning. We've got systems and process to make sure that we are accurate, on time, and communicate throughout the process.
During the process, we are asking the client, how are we doing? Are we meeting your expectations? Can we have a referral to a friend, colleague or family member? So by that constant checking in, we make sure they are taken care of through the entire operation.
PreQualify vs. PreApproval
- As you prepare to apply for a mortgage, you’ll come across terms like “pre qualification” and “pre approval"... but what's the difference?
- In simple terms, a pre qualification is a good way to get an estimate of how much home you can afford, and a pre approval takes it one step further by verifying your information to get a more accurate amount
- The seller is the one who cares about the pre approval and they will want what's called a pre approval letter
Take a look at this short video to learn more about the distinction of each!
Why Team Concept is Important
When you work with me and my team, you're given a team sheet that lists out who everyone is on the Loan with Jen team along with their specific strengths. To keep the process simple and stress-free, we like to keep you in contact with as few people as possible.
But I assure you that you've got all these people at your disposal to help answer any and all of your questions no matter what. From the pre-approval team to the marketing team and everyone in between, the Loan with Jen team is knowledgeable and ready to make your homebuying process a great one.
Mortgage Checklist Documentation
- A month's worth of pay stubs
- Two year's worth of W-2's (*please note if you are self-employed you can provide tax returns)
- For retirees, any retired income (social security, IRA distributions, etc.) are acceptable
- Two month's worth of assets (bank statements, investment accounts, 401K, owned home assets, etc.)
- Photo ID/driver's license/passport
What Happens When an Appraisal Comes in Short?
- There are three options you can go with when the appraisal comes in short...
- First, you have the option to renegotiate the price. This option is what I’ve seen done the most, and can typically range from the buyer or lender covering the difference
- Your second option is to take a Reconsideration of Value. This means having a different appraiser come out and reappraise the house that you're looking to buy
- The third option is for you, as a buyer, to pay the difference between the contract price and appraisal. The good news is, no matter what is paid, your interest rate will be for the lower price value of the home
Why Use a Local Lender
- A month's worth of pay stubs
- When you are considering a lender for a mortgage, always consider consulting with a local lender
- Local lenders know local fees, appraisals, and knowledge of the area you want to move to
- Last, and most importantly, a local lender will have more access to your listing agent. I love to call the listing agent after an offer has been sent to not only put in a good word for you but also ensure them we will keep them updated every step of the way
- Photo ID/driver's license/passport
Upcoming Classes & Learning Events
All in person classes are FREE of charge in the Energy Corridor.