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The Straight Truth

By Jennifer Beeston @ Guaranteed Rate Mortgage

By Jennifer Beeston | Mortgage Broker
or Lender in California
  • Why a home description can be so different than reality

    Posted Under: Home Buying in Lake County, Financing in Lake County, Investment Properties in Lake County  |  September 19, 2013 1:11 PM  |  1,408 views  |  1 comment

    A Realtors main job is to sell you a home.  Whether they are the listing agent or the buying agent the bottom line goal is the same.  Goal = To sell you a home.  A listing agents job is to make their listing seem attractive to buyers so the buyers will at least come and look at it.  Sometimes they use words in the description to make the house sound dramatically more appealing.  They are not being dishonest but rather using their thesaurus to its highest degree.  If a client says to me they saw something online and I see the phrase "handyman's dream"  I immediatley shudder.  A "handyman's dream" is code for house is in rough shape and needs work and most likely cannot be financed.  Another one that is concerning for financing is "needs love" or "needs tlc.".  Below is a video that really captures how something that sounds so nice can be so...well you will see.  Enjoy!

  • Homepath; Special Foreclosure Financing

    Posted Under: Home Buying in Lake County, Financing in Lake County, Agent2Agent in Lake County  |  August 15, 2013 8:55 AM  |  1,066 views  |  1 comment

    Homepath is financing for Fannie Mae foreclosures.  You can see all their current and upcoming foreclosures at www.homepath.com  Homepath financing was designed to help move Fannie Mae foreclosures faster.  Some of the key benefits of Homepath are

    1-   No mortgage insurance at any level!

    2-   No appraisal!

    3-   Owner occupied as little as 3% down!

    Homepath is a great loan to be qualified for.  If you find a Homepath home to purchase using Homepath financing will give you a competitive edge due to the lack of appraisal.  I have been doing Homepath loans since they came out and know the ins and outs of the program.  It is very important that if you go Homepath you use a lender who has done a ton of them and is Fannie Mae Homepath direct.  I am happy to help you:)

    Call or email to find out more!

    Jennifer Ready

    VP Mortgage Lending




  • 3 quick credit tips. Higher score= lower rate. Protect your credit

    Posted Under: Market Conditions in Lake County, Financing in Lake County, Credit Score in Lake County  |  August 24, 2011 11:16 PM  |  1,998 views  |  No comments

    3 ways to ding your credit
    1) Store Cards:  To be blunt store cards do nothing positive for your credit.  They have lower limits and higher interest rates.  It may seem like a great idea to get 10% off a $200 purchase but when your credit limit is $300 you look over extended and it hurts your credit. Also, these cards tend to report lates quicker than other cards.  2 days late on your Macys/Kohls etc... card can hurt your score for years to come.

    2) Tickets:  Never ignore parking tickets or any ticket of any sort.  If you do not pay it, it will hit your credit and it will hurt your credit.  Don't be late and pay it before you argue it.  The damage we have seen to people credit from one unpaid ticket is mind blowing.  100 point drops you bet.  Guess what?  The Library also reports to the credit bureaus and not returning a book can hit your score.

    3) NEVER COSIGN:  If someone is not a good credit risk to get a loan you do not want to cosign for them.  If they miss a payment it is your perfect credit that is destroyed.  Many people say well I will make the payment if they do not.  Unfortunately, you will not know they did not make it for up to 6 months later.  I have seen peoples credit destroyed because they cosigned.  Don't do it.  If you have to, have the person pay you every month and you make sure the bill gets paid.  Trust is great and all but when it comes to your credit and financial future be wary of trusting others.

  • THE BRUTAL TRUTH, Mortgage Advice with a Bite. Video tip #1

    Posted Under: Market Conditions in Lake County, Home Buying in Lake County, Financing in Lake County  |  September 4, 2010 9:37 AM  |  949 views  |  No comments
    The Brutal Truth is Brutal.  Be Warned. 
  • Homepath for Fannie Mae Foreclosures; Why you should check it out

    Posted Under: Home Buying in Lake County  |  October 5, 2009 7:23 PM  |  1,136 views  |  No comments

     Fannie Mae has created special financing for their foreclosures called HomePath.  I compare it to a fire sale.  With no mortgage insurance and more lenient guidelines for down payments for second homes and investors in many cases it is a hard product to beat.  This financing is great!!


    With HomePath there is no appraisal required.  The value of the home is determined by the agreed upon sales price.  This program comes heavily into play if the home is not in perfect condition.  If the home is missing carpet or a stove or a toilet it is an insignificant point since an appraiser will never step in.


    Check out www.homepath.com for Fannie Mae listings. If you would like to get preapproved for HomePath call today. Jennifer Ready 707-478-0637. We love doing Homepath loans:)


    The Highlights:

    v NO mortgage insurance at any loan to value

    v No appraisal required.  No Condo issues

    v Investors can put 15% down and 2nd homes can put 10% down

    v High Balance Loan limits to 90%

    v Seller contributions –up to 9% for ltv less than 75% and up to 6% for all other LTV’s

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