renovatED

In this BONUS episode of renovatED, Jennifer Goldsby discusses the intricacies of refinancing in anticipation of lowered interest rates. She emphasizes the importance of understanding lender motivations, recognizing high-pressure tactics, and knowing when refinancing is a wise financial decision. The episode also covers the significance of calculating break-even points and consulting qualified loan officers to ensure homeowners are making informed decisions.

NOTE FROM JENNIFER: "Several large lenders with household names train Call Center loan officers to work from scripts with bonuses tied to volume. The emphasis is on quantity, not quality. These Call Centers focus on refinancing as many mortgages as possible for homeowners with government loans (i.e., FHA, VA). They put homeowners into a new government loan where they will continue to pay mortgage insurance or are required to pay a Funding Fee even when there is enough home equity to qualify for more economical and advantageous conventional loans without mortgage insurance and Funding Fees. These mortgage lenders waive closing costs, offer reduced interest rates, etc. to churn as many loans as possible. I cannot stress enough how important it is to work with a loan officer who can answer all your questions and recommend the best loan program for YOU."

Jennifer Goldsby, NMLS 591226

VP, Renovation Lending

Diamond Residential Mortgage Corporation, NMLS 186805

Equal Housing Opportunity

TheRenoGal.com or (844) RENO-GAL

In this episode of renovatED, Jennifer Goldsby reflects on the journey of the first season, expressing gratitude to listeners and sharing insights on the importance of finding the right renovation lender and experienced loan officers. She emphasizes the challenges of locating seasoned renovation lenders and hints at exciting topics for the upcoming Season 2, including how contractors get paid and the realities of living through a renovation project.

This conversation explores the journey of a couple transitioning from renting to homeownership, detailing their motivations, challenges faced during the home buying process, and the renovations they undertook. The discussion highlights the emotional aspects of finding the right home, the importance of navigating the loan process, and the joy of embracing nature in their new environment. The couple reflects on their experiences, emphasizing the value of enjoying the journey and not being discouraged by challenges along the way.

VP, Renovation Lending

Diamond Residential Mortgage Corporation, NMLS 186805

Equal Housing Opportunity

TheRenoGal.com or (844) RENO-GAL

In this episode, Jennifer Goldsby discusses the nuances of Builders' Risk Insurance and Homeowners' Insurance with insurance expert Susan Morgan. They explore the importance of understanding different insurance policies, especially for homes undergoing renovations. The conversation highlights the benefits of working with an independent insurance agent and the critical differences between renovation and restoration in terms of insurance coverage. Key insights include the significance of policy terms, the implications of DIY projects on insurance, and the additional coverages available under Builders' Risk Insurance.

https://www.shepherdins.com/

Jennifer Goldsby, NMLS 591226

VP, Renovation Lending

Diamond Residential Mortgage Corporation, NMLS 186805

Equal Housing Opportunity

TheRenoGal.com or (844) RENO-GAL

In this episode of renovatED, host Jennifer Goldsby addresses a critical yet often misunderstood aspect of renovation financing: its limitations in the aftermath

Jennifer Goldsby, NMLS 591226

VP, Renovation Lending

Diamond Residential Mortgage Corporation, NMLS 186805

Equal Housing Opportunity

TheRenoGal.com or (844) RENO-GAL

In this episode of renovatED, host Jennifer Goldsby interviews smart home expert Joseph Pollard, exploring his journey into the smart home industry, the importance of

https://intelligentlivingindy.com/

Jennifer Goldsby, NMLS 591226

VP, Renovation Lending

Diamond Residential Mortgage Corporation, NMLS 186805

Equal Housing Opportunity

TheRenoGal.com or (844) RENO-GAL

In this episode of renovatED, Jennifer "The Reno Gal®" Goldsby contrasts the realities of home renovation vs. the filtered perspective portrayed on popular shows like HGTV. She emphasizes the unrealistic budgets often presented and the implications of purchasing homes that are left unfinished. Jennifer also critiques the quality of work shown in these renovations, urging listeners to have realistic expectations when it comes to home improvement projects.

Jennifer Goldsby, NMLS 591226

VP, Renovation Lending

Diamond Residential Mortgage Corporation, NMLS 186805

Equal Housing Opportunity

TheRenoGal.com or (844) RENO-GAL

In this episode of renovateED, Jennifer Goldsby discusses the complexities and challenges of bidding renovation projects, emphasizing the importance of fair pricing for contractors, the risks associated with underbid projects and hidden DIY work, and the financial implications of renovation delays. She highlights common pitfalls homeowners face and the consequences of not disclosing DIY intentions to lenders. The conversation aims to educate listeners on the realities of renovation projects and the importance of proper planning and budgeting.

Jennifer Goldsby, NMLS 591226

VP, Renovation Lending

Diamond Residential Mortgage Corporation, NMLS 186805

Equal Housing Opportunity

TheRenoGal.com or (844) RENO-GAL

This episode delves into the complexities and challenges of renovation lending, explaining why renovation loans are so difficult to find in the market. Jennifer Goldsby discusses the barriers to accessing these loans, including the lack of training and support for lenders, the difficulties in finding qualified contractors, a lack of interest on behalf of real estate agents, and the diminishing number of 203(k) Consultants. The discussion emphasizes the importance of education and awareness for both consumers and lenders in

VP, Renovation Lending

Diamond Residential Mortgage Corporation, NMLS 186805

Equal Housing Opportunity

TheRenoGal.com or (844) RENO-GAL

In this episode of renovateED, Jennifer "The Reno Gal®" Goldsby and John Marshall of Centier Bank discuss the intricacies of home renovation and building new homes from a financing perspective. They explore the processes involved in both renovating an older home and constructing a new one, including the importance of pre-approval, the role of contractors, and the various financing options available. The conversation also delves into the pros and cons of each approach, providing valuable insights for potential homebuyers.

Jennifer Goldsby, NMLS 591226

VP, Renovation Lending

Diamond Residential Mortgage Corporation, NMLS 186805

Equal Housing Opportunity

TheRenoGal.com or (844) RENO-GAL

John Marshall, NMLS 203858

Mortgage Loan Officer

Centier Bank

Equal Housing Opportunity

[email protected] or (317) 490-1246