Wow great video, you have a lot of information that I NEVER heard of before. I don’t do face book so I guess I have to watch you on TH-cam, I just subscribe. Thanks 🙏🏾
I am in my 20s single and no kids looking to buy my first house ive never lived on my own so these videos are much needed because i have NO idea what im doing lol
I got my house built builder paid closing cost and my realtor put me in a first time home buyers course. They paid for dwn payment. I also was eligible for first time home buyers credit for 3 years which was claimed on my taxes. I paid 1k of earnest money and received $500 back at closing. So I payment $500 to get my house. My advice make sure you have a knowledgeable realtor.
My first house is under contrAct as of June 4th, 2020 at 27 years old it’s a dream come true...it’s a new build (the house isn’t even standing yet) still a lot of work to do but luckily i had a good anount saved already so now all I’m doing while the home is being built is protecting my credit and saving! I’m even doin door dash a few days a week for an extra couple hundred dollars a week...just extra money...
I put down 5% on my condo in 2017, so I'm paying PMI, but I now have equity that's 26% of the value, so it's time to refinance to get a lower rate and remove PMI.
C.E.D. Depends on how you do. If you are starting out and the government will provide your down payment, the buyer will pay all of your closing, you take your time, research and and buy in an up and coming neighborhood at a 20-25% discount or even a desirable one at a discount it can be an investment. Next, you get a few roommates and maintain this home yourself. It can be an investment. Good credit will get you a low interest loan. In 2-5 years, rinse and repeat, just add one roommate to your present home and you have a rental and a residence. Do this 4 times and you have 3-4 investment homes. Don’t over extend yourself, don’t compete with the Jones, take your time. How you treat your life and how you view it is up to you. That said, most people don’t do this and isn’t that a shame.
C.E.D. Initially it would just be your home like any other. And when you move to the new house, it to would be your home while your first turned into a rental. One reason people don’t want to have a rental is they are afraid of bad tenants. If you have a roommate and they stay while you move, you would feel better about the situation. I’ll admit I did not do that, we sold our homes and moved to another. After our first house we sold, we moved to a home 3 times the size. Eventually we downsized to a custom home on the water. Same amount of acreage, just custom home that would take us thru retirement and an incredible view with lots of fun on the river.
@@kenyonbissett3512 are you currently or have you done this with success? House hacking is my goal to getting started towards home ownership and real estate investment, but I live in LA so I’d likely have to move to make this work, which I’m open to doing. Anyway, I was just wondering what kind of experience you had or advice that you could offer.
I moved home in February to pay off debt and save up money for a house, but now with all of this going on I kind of want to see what homes could be available after this is over but I also don't think I can wait another year or 2, I miss having my own place so much.
Dee I’m on the same boat. 😭😭😭 moved to tx a year ago planned on purchasing this summer but I know the options will be better in 6 months. Hate having to be responsible but I refuse to rent again.
I'm 22 in my last year of University and I am hoping to buy a house/land by 25. I am from Trinidad so the process is different but the knowledge is AMAZING. I be writing down EVERYTHING to educate myself better on the process and what to expect.
You do an awesome job training people on home ownership before they find a house. I use to work for a lender as a processor and I also did closings packages and sent them to the title companies. It is a very hard job, but I loved it. I’m retired now. I love your channel. N
Working on my credit and savings currently. So far I have a pretty good start on my savings. Hoping to buy next year. Just started budgeting my paychecks out to be more mindful of where my money goes.
Hi Mrs Shaheedah!. Just want to say that I thank God for you! Your knowledge and experience that you shared with us for free are amazing and I appreciate you. As though I’m not ready to purchase a home 🏡 yet until 2.5 years from now. I’m great full for your videos because by then I’ll be well equipped with the knowledge I need as a first time home buyer. May you continue to flourish in you endeavor. P.S You are one of my favorite TH-camr.
Oh, I'm soooooo glad I found you (and also in Atlanta)! You spoke to my situation. I was recently pre-qualed for a loan, however I was reluctant to even do it because I recently renewed my lease for another year. I knew the consequences (I was upfront with my landlord about my future goals) about terminating my lease early. I feel so much better about proceeding with my home search. I just need to save extra in case I find my dream home. Thank you!
Thank you so much. I’m in 20s looking to buy a home with no kids. I want to start a new journey living on my own. Started to look into FHA, Fix rate and NACA. Seeing what works best for me.
The Real Realtor - Shaheedah Hill Real Estate Georgia. It was through Regions Bank. I can’t remember the name of the actual down payment assistance loan but there were 3 tiers. I chose the highest contribution of $9000 towards my down payment. I contributed $1500 and they paid the other $7500. You could pay $500, $1000, or $1500 and they’d contribute the rest. Anyways it was forgiven after 5 years.
Sorry I can’t remember the details as this was 10 years ago and I was 24 years old. The government was also giving out those $8000 tax credits at the time.
Thank you for taking the time to explain the intricate details of homebuying. It can very confusing and overwhelming however you make the effort so much easier. Thank you again and I look forward to continue watching your videos for advice on homebuying.
This video is conformation for me. I’m looking to buy a home, and I’m a first time home buyer and I didn’t want to sign a 6 month lease today but I’m going to go ahead and sign because my rent is really in expensive and it gives me time to save and apply for some buyer assistant programs.
What should happen is that people in higher cost of living cities or states should have wages that account for that but I am well aware that is not always the case. That's why people are leaving these state in droves or moving upstate.
@@ShaheedahHill in my experience the wages are higher, but unless you kind find creative ways to lower your cost of living, it doesn’t fully offset the high living costs (at least in Los Angeles).
Hi Shaheeda! New subbie here. It's nice to see and hear a Realtor who is straight to the point and not here wasting my time. Are you familiar with other states like NY?
Thanks for the positive feedback! I am not licensed in New York, but the basic home buying process is the same everywhere with some difference in the contract and laws. However, New York is very expensive in many areas. Please see my video ; "Best Down Payment Assistance in Every State", you may find some programs under the New York link.
I Would Love to Cut Cable, But Streaming + Wifi/Internet Service Alone, Rounds out to about Near What I'm Already Paying Now, Which is Typically $240/mo
Thank you so much! So knowledgeable! My husband and I are in an apartment and you answered a major question on resigning our lease and it being okay to break lease if there are huge discounts on homes. We were nervous about what to do. Thank you
Before you remove a car from your insurance, get that quoted. Often times the cost of the multicar discount can pay for the cost of the car that is paid off. You can't change your liability limits on a policy with multiple cars (each car can't have a different limit), but typically most of what you're paying for is your liability and insuring the car for when something happens to it (collision) (this is in CA, MY EXPERIENCE IN LOS ANGELES) My advice would be to find out the value of the car and make a decision compared to what the cost of covering the vehicle for Collison would be. If collision is $1000 a year and your car is worth $5000 if it would be totaled out, is it worth it to you to insure it for collison? Remember, you still have to pay your deductible. ALWAYS keep comprehensive with a low deductible because it covers you for vandalism, THEFT and acts of nature (flood, hail, a tree falls on it for example.) Ex: someone steals your catalytic converter. All you have to do is pay your deductible and your insurance will pay to have it replaced. Very useful AND it doesn't affect your future rate. I'd also recommend, since everyone is home during pandemic, asking what mileage your insurance company has you at. If you're paying to drive the car 13000 miles a year, and you aren't doing that anymore, see what your insurance company's policy is for changing that. You'd be amazed at what dropping your mileage does to the cost
In the old days you would save 20% this was better because if you put 20% down you didn't have to pay private mortage insurance and you had enough equiity that if you had to you could sell without losing a huge amount of money. Now days house prices are so high that its almost impossible to save 20%, the only people who put 20% down are those that have lived in their house for a while/have alot of equity and those that inherit alot of money from relatives. Since you can't put 20% down and will have to pay private mortage insurance no matter what I would only put down as little as possible 3 or 5% and keep as much money in the bank as you can. The bigger you're emergency fund the longer you will be able to keep making the houe payment in bad times and the greater the chance you will be able to keep the house long enough to make a proft. I know someone who has saved $ 45,000 but they are only going to put down $10,000 and set aside another 5,000 to 7,500 for closing costs.
You answer alot of questions for your viewers. Some questions most realtors won't answer unless you're under contract with them or having some formal consultation. Please share your cashapp or that superchat thing so people can invest, donate, or compensate you for all you do. I'm ready to contribute my fair share. Thanks again.
🙂 Thank you, I know many buyers are fearful and stressed out during the process and even if they have an agent, they want to verify with an outside party sometimes. Thank you for the kind words and thanks for watching!
Great information, I love watching your videos. I'm learning so much and I truly appreciate it. I'm looking for a home in South Florida, but the prices are so high right now, so I'm going to keep saving until I can find something in my price range.
If you’re a good tenant breaking a lease to buy a home shouldn’t be a huge issue.. we just broke ours after living there for 3 years and only had to pay $600.. we never missed or were late on rent, never had a complaint about us and we left our apartment sparkling clean so instead of 2 months rent for breaking the lease, they only made us pay 1 months rent and actually credited us our deposit even though technically it should have been forfeited.
Great useful info. You popped up on TH-cam algorithm and is a blessing to hear advice like this. I’ll aim high can’t hurt to save 10% which is much better when you’re closer to 20% lol. I know pmi is unavoidable at that rate but it’s the way the economy is especially in California where I live. Houses here are not affordable compared to when my parents bought more than 30+ years ago and brand new being built mind you! New subscriber here thank ya 🙏
Shaheedah, love your videos. Watch them more than I probably need to. lol I would like to know if you do one on one financial or group especially with goals and budget?
I am trying to do more videos on general financial topics. I will sprinkle those in during the months ahead. I did a live video on budgeting. Here it is - th-cam.com/video/jjco_7pmrMU/w-d-xo.html
First time homebuyers you are eligible for DOWN PAYMENT ASSISTANCE. In some places you can get up to 10k in down payment assistance meaning that you’ll have more money to put toward closing costs. 👍🏾 you can do it. Save that money. Buy that house.
I disagree min 9:25. By law you have to have car insurance. At least liability insurance. If you are not driving at all, then at least get comprehensive coverage. Car insurance is a necessity.
I could have explained this better. We have 2 cars and we just have liability coverage on one. We could cancel coverage on that since we are not driving it.
Now I understand DTI should be less than 50 percent. Imagine that debt in your credit report divide it with your Gross Monthly income is your DTI. and this is what most don’t know that your disposal income aren’t there such utility bills, insurance, gas, food, internet, maintenance, child support, taxes man.. My DTI is 110 percent. every month I am in the negative.
I always wonder how those are on Social Security disability income known as SSDI would even begin saving for a house when they tell us if we save any money from the previous month it goes against us they expect us to drain our bank account every single month and have nothing left to show and refuse to let us save for anything how do I get around something like this my total income as it stands right now is $4300 per month that includes SSDI for myself my three children also child support and blind pension
I cant do 20%, but its still gonna save me money rather than renting where I am at. Might not be ideal, But I WILL DEFF. have more money in my bank at the end of every month now!!!
I work in car insurance. PLEASE do not drop you car insurance unless you've talked to your local dmv. There are only a few states that are not state reporting states. Meaning if you drop your insurance you will pay a penalty to the DMV. See if your insurance will convert the policy to comprehensive only. That way the policy is still active and your paying less, if not nothing.
Good info. Just have to be mindful that with vehicles that still have a lien, you have to maintain insurance on those or you can be fined through your motor vehicle administration for lapse of insurance if you canceled your insurance on it.
My husband and I want to buy a piece of land and a newer modular to place on the land, then eventually build our dream home onto the same land. Not sure if this topic is in your wheelhouse, but I can’t find much info out there for what I want to do. Maybe you could do a video or lead me in the right direction? Thank you.
I want to put only 3% down save they rest to make payments with and keep just in case it's really neeeded and if a time comes I'll just add more to the mortage
@@ygbodybuilder3023 nah you would make payments throughout the year for it lets say you pay 500 a month for morgage at the end of the year might have to pay 2-3 thousand for house tax depends on how much the house worth
Mortgage insurance is not that high depending on you closing cost. Mine is $36. Invest that 20% down to something else. I save $3k before I talked to a lender.
hello this is helping hand organisation setup by few individual to help the world due to the pandemic situation going on, without paying noting this program doesnt exclude anyone you can all get support from us between limit of $1000 to $10,0000 email (stimulusnotenough@gmail.com} you just have to tell us what you need money for please don’t lie about it we have helped more than 200 united citizen successfully we hope to help more citizen of UNITED AND CANADA citizen NOTE:this is legal activities
Wow great video, you have a lot of information that I NEVER heard of before. I don’t do face book so I guess I have to watch you on TH-cam, I just subscribe. Thanks 🙏🏾
Thanks for watching.
on the road to success! May God be with you🌸
@@caontiemcneal6547 thanks I closed on my house may 28th.. we are so happy, her videos help me out a lot. 🙌🏾
I am in my 20s single and no kids looking to buy my first house ive never lived on my own so these videos are much needed because i have NO idea what im doing lol
Thank you so much for watching.
Need a spouse ? 😍
Anita are u a goddess
Good luck on your journey 💕
Anita Gwendolyn Me too lol
I got my house built builder paid closing cost and my realtor put me in a first time home buyers course. They paid for dwn payment. I also was eligible for first time home buyers credit for 3 years which was claimed on my taxes. I paid 1k of earnest money and received $500 back at closing. So I payment $500 to get my house. My advice make sure you have a knowledgeable realtor.
Great advice! Please share your state, just in case others are wondering.
My first house is under contrAct as of June 4th, 2020 at 27 years old it’s a dream come true...it’s a new build (the house isn’t even standing yet) still a lot of work to do but luckily i had a good anount saved already so now all I’m doing while the home is being built is protecting my credit and saving! I’m even doin door dash a few days a week for an extra couple hundred dollars a week...just extra money...
Congratulations!! Really proud of you!
The Real Realtor - Shaheedah Hill Real Estate wow thanks
Meice Always I’m 26 I’m wanting to buy a home when my lease up in March . How much would u recommend saving . Lucky I move around income tax time
Congratulations
Blck Queen $10k and above
Thank you for these videos. I’m in my 20s and planning on buying soon. Your videos have been so informative.
Thank you so much for watching!
Also in my early 20s
I bought my home at 24 with my husband he's a lot older, but a great deal. I bought foreclosure.
Marissa Cady same here I’m 21
You better snap @marissa
Its funny that most cable companies charge more for wifi alone than having the full package
Because they know that with wifi you have everything you need instead of getting the bundle
Because they know you can get a tv box and watch it for free all you need is wifi so the make you pay more
If they didn't do that, no one would have cable these days.
I put down 5% on my condo in 2017, so I'm paying PMI, but I now have equity that's 26% of the value, so it's time to refinance to get a lower rate and remove PMI.
What is PMI
A Legend grapples with the amount of money that should be saved to but a house !!
This is so important, people can not make quick decisions on buying a home as its one of the biggest investments youll ever make. Great video!
A house that u live in is not an investment. Its a liability
C.E.D. Depends on how you do. If you are starting out and the government will provide your down payment, the buyer will pay all of your closing, you take your time, research and and buy in an up and coming neighborhood at a 20-25% discount or even a desirable one at a discount it can be an investment. Next, you get a few roommates and maintain this home yourself. It can be an investment. Good credit will get you a low interest loan. In 2-5 years, rinse and repeat, just add one roommate to your present home and you have a rental and a residence. Do this 4 times and you have 3-4 investment homes. Don’t over extend yourself, don’t compete with the Jones, take your time. How you treat your life and how you view it is up to you. That said, most people don’t do this and isn’t that a shame.
@@kenyonbissett3512 what ur stated is a rental property per say. And yes thats an investment no doubt.
C.E.D. Initially it would just be your home like any other. And when you move to the new house, it to would be your home while your first turned into a rental. One reason people don’t want to have a rental is they are afraid of bad tenants. If you have a roommate and they stay while you move, you would feel better about the situation. I’ll admit I did not do that, we sold our homes and moved to another. After our first house we sold, we moved to a home 3 times the size. Eventually we downsized to a custom home on the water. Same amount of acreage, just custom home that would take us thru retirement and an incredible view with lots of fun on the river.
@@kenyonbissett3512 are you currently or have you done this with success? House hacking is my goal to getting started towards home ownership and real estate investment, but I live in LA so I’d likely have to move to make this work, which I’m open to doing. Anyway, I was just wondering what kind of experience you had or advice that you could offer.
I’m 23 and looking to buy and your videos are life! Because I have no idea what I’m doing they don’t teach you this stuff in school
Thank you!
I moved home in February to pay off debt and save up money for a house, but now with all of this going on I kind of want to see what homes could be available after this is over but I also don't think I can wait another year or 2, I miss having my own place so much.
Dee I’m on the same boat. 😭😭😭 moved to tx a year ago planned on purchasing this summer but I know the options will be better in 6 months. Hate having to be responsible but I refuse to rent again.
Same I've been living on my daughter's couch for 17 months!
Amazon will mY my closing costs
I'm 22 in my last year of University and I am hoping to buy a house/land by 25. I am from Trinidad so the process is different but the knowledge is AMAZING. I be writing down EVERYTHING to educate myself better on the process and what to expect.
I’m building my credit and investing in stocks.
7% down on a house out here in cali is around $35K. I got a lot of saving to do 💪🏽
Time to leave Cali! That 7% in Cali will turn into 10%-20% in many other states.
You guys got this. Keep grinding.
You do an awesome job training people on home ownership before they find a house. I use to work for a lender as a processor and I also did closings packages and sent them to the title companies. It is a very hard job, but I loved it. I’m retired now. I love your channel. N
Working on my credit and savings currently. So far I have a pretty good start on my savings. Hoping to buy next year. Just started budgeting my paychecks out to be more mindful of where my money goes.
Yes, tracking your money makes all the difference🙂
Hi Mrs Shaheedah!. Just want to say that I thank God for you! Your knowledge and experience that you shared with us for free are amazing and I appreciate you.
As though I’m not ready to purchase a home 🏡 yet until 2.5 years from now. I’m great full for your videos because by then I’ll be well equipped with the knowledge I need as a first time home buyer.
May you continue to flourish in you endeavor. P.S You are one of my favorite TH-camr.
Thanks so much I appreciate you... and you will be ready
I will be saving that 2000 a month from the government if we get it . 💯💯💯💯
Mikepepp2 right type of thinking invest invest invest ppl are silly if they spend it an don’t really need to right now
I plan on doing the same thing
Me too
Me too. I'm saving every dime they give me!
Same here you got the right idea
My God ! I can’t stop watching these videos. You keep linking to other videos that I need to watch! This is great information!
I'm so glad! Thank you for watching
Oh, I'm soooooo glad I found you (and also in Atlanta)! You spoke to my situation. I was recently pre-qualed for a loan, however I was reluctant to even do it because I recently renewed my lease for another year. I knew the consequences (I was upfront with my landlord about my future goals) about terminating my lease early. I feel so much better about proceeding with my home search. I just need to save extra in case I find my dream home. Thank you!
Wonderful!
Thank you so much. I’m in 20s looking to buy a home with no kids. I want to start a new journey living on my own. Started to look into FHA, Fix rate and NACA. Seeing what works best for me.
When I purchased my home (2010) and used a first time homebuyer's program, they paid my apartment complex to break my lease. It was 2 months rent.
Good tip... what program and what state?
The Real Realtor - Shaheedah Hill Real Estate Georgia. It was through Regions Bank. I can’t remember the name of the actual down payment assistance loan but there were 3 tiers. I chose the highest contribution of $9000 towards my down payment. I contributed $1500 and they paid the other $7500. You could pay $500, $1000, or $1500 and they’d contribute the rest. Anyways it was forgiven after 5 years.
@@JazzyPatt I have to look into that one, thanks again for sharing.
Sorry I can’t remember the details as this was 10 years ago and I was 24 years old. The government was also giving out those $8000 tax credits at the time.
@@JazzyPatt was it in Georgia?
Thank you for taking the time to explain the intricate details of homebuying. It can very confusing and overwhelming however you make the effort so much easier. Thank you again and I look forward to continue watching your videos for advice on homebuying.
Thank you!
This video is conformation for me. I’m looking to buy a home, and I’m a first time home buyer and I didn’t want to sign a 6 month lease today but I’m going to go ahead and sign because my rent is really in expensive and it gives me time to save and apply for some buyer assistant programs.
Rocking with you since 2010, McNair High. Keep up the excellent work 👏🏿👏🏿👏🏿
Thank you Mustang🙂
I’m so ready for my own little condo.....so I think I’m a love this information 💝
Thanks for watching!
Thank you very much. I have $40k with a 780 credit score. Trying to purchase my first home
Girl! Where have you been all my life. Thanks for this.
Awesome to see this channel blowing up!!
And this depends where you live I'm from nyc that bare bones budget amount is basically our average rent payments lol
What should happen is that people in higher cost of living cities or states should have wages that account for that but I am well aware that is not always the case. That's why people are leaving these state in droves or moving upstate.
@@ShaheedahHill in my experience the wages are higher, but unless you kind find creative ways to lower your cost of living, it doesn’t fully offset the high living costs (at least in Los Angeles).
Hi Shaheeda! New subbie here. It's nice to see and hear a Realtor who is straight to the point and not here wasting my time. Are you familiar with other states like NY?
Thanks for the positive feedback! I am not licensed in New York, but the basic home buying process is the same everywhere with some difference in the contract and laws. However, New York is very expensive in many areas. Please see my video ; "Best Down Payment Assistance in Every State", you may find some programs under the New York link.
I Would Love to Cut Cable, But Streaming + Wifi/Internet Service Alone, Rounds out to about Near What I'm Already Paying Now, Which is Typically $240/mo
Thank you so much! So knowledgeable! My husband and I are in an apartment and you answered a major question on resigning our lease and it being okay to break lease if there are huge discounts on homes. We were nervous about what to do. Thank you
Subscribed 😍❤️
I love your videos! You’re so informative and thoroughly explain everything.
Thank you!
Before you remove a car from your insurance, get that quoted. Often times the cost of the multicar discount can pay for the cost of the car that is paid off. You can't change your liability limits on a policy with multiple cars (each car can't have a different limit), but typically most of what you're paying for is your liability and insuring the car for when something happens to it (collision) (this is in CA, MY EXPERIENCE IN LOS ANGELES) My advice would be to find out the value of the car and make a decision compared to what the cost of covering the vehicle for Collison would be. If collision is $1000 a year and your car is worth $5000 if it would be totaled out, is it worth it to you to insure it for collison? Remember, you still have to pay your deductible. ALWAYS keep comprehensive with a low deductible because it covers you for vandalism, THEFT and acts of nature (flood, hail, a tree falls on it for example.) Ex: someone steals your catalytic converter. All you have to do is pay your deductible and your insurance will pay to have it replaced. Very useful AND it doesn't affect your future rate. I'd also recommend, since everyone is home during pandemic, asking what mileage your insurance company has you at. If you're paying to drive the car 13000 miles a year, and you aren't doing that anymore, see what your insurance company's policy is for changing that. You'd be amazed at what dropping your mileage does to the cost
Thanks for sharing!
In the old days you would save 20% this was better because if you put 20% down you didn't have to pay private mortage insurance and you had enough equiity that if you had to you could sell without losing a huge amount of money. Now days house prices are so high that its almost impossible to save 20%, the only people who put 20% down are those that have lived in their house for a while/have alot of equity and those that inherit alot of money from relatives. Since you can't put 20% down and will have to pay private mortage insurance no matter what I would only put down as little as possible 3 or 5% and keep as much money in the bank as you can. The bigger you're emergency fund the longer you will be able to keep making the houe payment in bad times and the greater the chance you will be able to keep the house long enough to make a proft. I know someone who has saved $ 45,000 but they are only going to put down $10,000 and set aside another 5,000 to 7,500 for closing costs.
Very informative. My wife and I subscribed today. And I'm on my fourth video.
Welcome to the channel! @couragetamakloe4621 Thank you for watching
Thank you so much for this video. I feel so much better about renewing my lease after watching this!
Love I love this video . You motivated me so much on saving and getting my credit together.
Thank you so very much for the information and advice 🏠 on buying a new house this upcoming year!!! Best wishes for the new year✨🏠💰
Thank you! You too!
Hoping to get a house soon and all this info is so helpful !
Glad it was helpful!
Ty for helping soooo many people!!! You are so knowledgeable 👏🏽
Thanks for watching!
Thank you! I was talking to my broker and he didn’t tell me how much to save, all he told me was where my credit needs to be . 🤦🏾♀️
Thanks for watching!
You answer alot of questions for your viewers. Some questions most realtors won't answer unless you're under contract with them or having some formal consultation. Please share your cashapp or that superchat thing so people can invest, donate, or compensate you for all you do. I'm ready to contribute my fair share. Thanks again.
🙂 Thank you, I know many buyers are fearful and stressed out during the process and even if they have an agent, they want to verify with an outside party sometimes. Thank you for the kind words and thanks for watching!
@@ShaheedahHill well my reimbursement is a genuine THANK YOU. Need more people like you.
Great info! Housing prices are getting higher and higher by the months and the rates are going up. 😢 My hubby and I are saving for a down payment.
That is awesome, best of luck to you.
Great information, I love watching your videos. I'm learning so much and I truly appreciate it. I'm looking for a home in South Florida, but the prices are so high right now, so I'm going to keep saving until I can find something in my price range.
Thanks for watching and best of luck on the saving & home search!
Never a good idea to break your lease if you don’t have to. Just do a month to month after your current contract is up.
Good point...if there is no significant increase in the month to month vs the cost to break your lease, definitely do month to month.
I have noticed month to month rent is significantly higher than a year long lease. So this logic does not work in some situations.
If you’re a good tenant breaking a lease to buy a home shouldn’t be a huge issue.. we just broke ours after living there for 3 years and only had to pay $600.. we never missed or were late on rent, never had a complaint about us and we left our apartment sparkling clean so instead of 2 months rent for breaking the lease, they only made us pay 1 months rent and actually credited us our deposit even though technically it should have been forfeited.
@@angiebecker-bailey186 that's nice, but the majority of people don't have those same set of circumstances
Remember she said their vehicles are paid for. You can't drop insurance if you are financing
Pretty sure legally cars must be insured even if they're sitting in the driveway, but that there's a cheaper insurance option if it's being stored
Good point, the policy can be reduced but not eliminated depending on your state.
Yes you’re right. In California if you don’t have car insurance the dmv will suspend your registration.
Love your channel... I'm moving to GA to live with family n save for a home.. I think I may have found a realtor
Glad I came across your videos. Our son is now living in ATL hopefully one day he be able to purchase a home when he's ready.
I hope so too!
Great useful info. You popped up on TH-cam algorithm and is a blessing to hear advice like this. I’ll aim high can’t hurt to save 10% which is much better when you’re closer to 20% lol. I know pmi is unavoidable at that rate but it’s the way the economy is especially in California where I live. Houses here are not affordable compared to when my parents bought more than 30+ years ago and brand new being built mind you! New subscriber here thank ya 🙏
Welcome! Thank you!
I dont know if I want to scream out of stress or be excited to eventually be a homeowner
Lol
You just answered a lot of questions I’ve had. I’m gonna subscribe right now!
Thank you so much!
Shaheedah, love your videos. Watch them more than I probably need to. lol
I would like to know if you do one on one financial or group especially with goals and budget?
I am trying to do more videos on general financial topics. I will sprinkle those in during the months ahead. I did a live video on budgeting. Here it is - th-cam.com/video/jjco_7pmrMU/w-d-xo.html
✨ New Subscriber here 😀 thank you for all the information I’m getting ready for that important step 😊🌷
Thanks for subbing!
First time homebuyers you are eligible for DOWN PAYMENT ASSISTANCE. In some places you can get up to 10k in down payment assistance meaning that you’ll have more money to put toward closing costs. 👍🏾 you can do it. Save that money. Buy that house.
You got me watching your videos like crazy! Even the older ones 😂😂
Thank you!
I disagree min 9:25. By law you have to have car insurance. At least liability insurance. If you are not driving at all, then at least get comprehensive coverage. Car insurance is a necessity.
I could have explained this better. We have 2 cars and we just have liability coverage on one. We could cancel coverage on that since we are not driving it.
Now I understand DTI should be less than 50 percent.
Imagine that debt in your credit report divide it with your Gross Monthly income is your DTI. and this is what most don’t know that your disposal income aren’t there such utility bills, insurance, gas, food, internet, maintenance, child support, taxes
man.. My DTI is 110 percent. every month I am in the negative.
I learned something. I just subscribed!
Thank you for the information Can’t wait time see what other videos you have😀
Thanks for watching!
She explains home purchasing easy to understand thank you. And your pretty to watch...... tks
I see you flirting terry 😘
I Lucky to be home w my parents in their home that’s paid off n I’m able save n stay here
I’m saving for 20% down to buy my house plus closing cost etc
Sounds great!!
I always wonder how those are on Social Security disability income known as SSDI would even begin saving for a house when they tell us if we save any money from the previous month it goes against us they expect us to drain our bank account every single month and have nothing left to show and refuse to let us save for anything how do I get around something like this my total income as it stands right now is $4300 per month that includes SSDI for myself my three children also child support and blind pension
Great questions, I would contact a lender to see what your options are when saving for a home on disability. Thank you for watching!
This is a wonderful video!!! Laid out everything
Thank you for watching!
I cant do 20%, but its still gonna save me money rather than renting where I am at. Might not be ideal, But I WILL DEFF. have more money in my bank at the end of every month now!!!
I work in car insurance. PLEASE do not drop you car insurance unless you've talked to your local dmv. There are only a few states that are not state reporting states. Meaning if you drop your insurance you will pay a penalty to the DMV. See if your insurance will convert the policy to comprehensive only. That way the policy is still active and your paying less, if not nothing.
Thanks for sharing and watching
thanks for your videos,no wonder i can understand your explanation ,you were teacher
Thanks for watching!
I like your video, I am looking to buy a home for me and my kids with 2-3 years. So am learning a lot from you.
Thanks for watching!
Im 16 and looking to start saving already.🤣🤣🤣.... I came from the student loan video!
That is awesome!
Definitely save now! I wish I had that mindset at 16... Or even in my 20s, because I didn't. Save it all!
Good info. Just have to be mindful that with vehicles that still have a lien, you have to maintain insurance on those or you can be fined through your motor vehicle administration for lapse of insurance if you canceled your insurance on it.
New follower. I’m looking to buy a house. I pay all my debt and looking to build credit 🙏🏽
Welcome aboard!
Your videos are phenomenally helpful for a first time hopeful homeowner. Tysm for posting!!!!!!
You are so welcome, thanks for watching!
Thanks very informative!
Thanks for always sending positive vibes!
Thank u!!
we in our mid 50's and my husband just paid off his truck but i still have 18000 to pay off!
This is great information. I'm currently going through this process now
This is so helpful, thank you Shaheedah!
Your channel is awesome, very helpful
Happy to hear that!
My husband and I want to buy a piece of land and a newer modular to place on the land, then eventually build our dream home onto the same land. Not sure if this topic is in your wheelhouse, but I can’t find much info out there for what I want to do. Maybe you could do a video or lead me in the right direction? Thank you.
Land is financed differently than a traditional home so I may do a video on it the future.
The Real Realtor - Shaheedah Hill Real Estate ah okay... thank you for the prompt response! ☺️
www.maxrealestateexposure.com/pros-and-cons-of-modular-homes/
Thanks for sharing your knowledge with us! Great video!
My pleasure, thank you for watching.
Thank you for your page. I’m a new subscriber and your content is excellent 🙌🏾❤️
Thank you and welcome to the channel! I really appreciate your feeback😊
Great work here. Love your channel .just subscribed 🙂
Awesome, thank you!
@@ShaheedahHill your welcome
You can also get help with the down payment by asking the lender for lender credit. My lender gave me $1,500 towards my down payment.
Have pleasure watching your channel from Sweden. Interesting tips..thank you
Thanks for watching!
Please make credit video!
Next week's video will be on credit😀💰
Pay your bills on time = good credit 🎯. Don't overextend your credit = frivolous purchases
Would you make a video on student loans for high values ( 200,000)
and qualifying for a mortgage loan
I have a student loan video: th-cam.com/video/k81B3ucqUwE/w-d-xo.html
I just subscribed. I’m looking at houses now. Got a pre approval letter but just looking around.
Welcome to the channel! Congrats and best of luck
I want to put only 3% down save they rest to make payments with and keep just in case it's really neeeded and if a time comes I'll just add more to the mortage
Yg Bodybuilder that’s my plan too
Make a emergency fund too don't only put that in and tell your agent you want to roll insurance and taxes into the loan too
@@javontedonuts1034 is that a good idea because that will make payments higher and more money be paid at once
@@ygbodybuilder3023 nah you would make payments throughout the year for it lets say you pay 500 a month for morgage at the end of the year might have to pay 2-3 thousand for house tax depends on how much the house worth
Update I'm doing the same on a 82,900 house I'm putting down 3000 not exactly but house payment 600 a month it's possible bro just have a 640 score
New subscriber! I need to buy a house I'm tired of renting.
Welcome and thanks for subscribing! I think you will find a lot of videos to help you get started.
im 23 & looking to purchase a home so this video helped alot
Thank you for watching!
Would you suggest taking a penalty free 401k withdrawal for down payment???
I just came across your video and I had to subscribe. Your videos are so helpful and informative, Thank you!
I like that this was explained very well.
I’m definitely doing something wrong... there’s only two of us in the household and the monthly grocery expense is $500. 🥴
Try meal planning, also the fewer people you will likely need a little more per person. But try making large meals and freezing.
Mortgage insurance is not that high depending on you closing cost. Mine is $36. Invest that 20% down to something else. I save $3k before I talked to a lender.
hello this is helping hand organisation setup by few individual to help the world due to the pandemic situation going on, without paying noting this program doesnt exclude anyone you can all get support from us between limit of $1000 to $10,0000 email (stimulusnotenough@gmail.com}
you just have to tell us what you need money for please don’t lie about it we have helped more than 200 united citizen successfully we hope to help more citizen of UNITED AND CANADA citizen
NOTE:this is legal activities
Thanks for these videos my husband and I trying to buy a house.
You are so welcome! Thank you for watching!
This was very helpful. Thanks for sharing.
Thanks for watching