First Time Home Buyer MISTAKES | HOME BUYER MISTAKES TO AVOID | First Time Homebuyer Tips

[@CoolCraftyCreations]

You, my dear are blunt, and to the point, exactly like my real estate agent. I’m keeping a planner full of tips and information from both you and her regarding my preparation towards home ownership. Not that I don’t trust what she’s saying but 2 heads are always better than one. What may be current information to one person may be old to someone else.

[@ShaheedahHill]

Thanks for watching!

[@linda27189]

Love that color on you 💚💙 the truth will always come out...great advice 🙌🏾🙌🏾

[@ShaheedahHill]

Thanks

[@ElleBrOw]

🗣🎤 Tuned in ☕️ I’m happy to report Ive remained your attentive student since your first video 🙋🏽‍♀️ and (get this) I share your information. Thanks again

[@ShaheedahHill]

Thanks for sharing🙂

[@divinediva_]

Good information. IDK why people falsify information. I work in HR and I get interesting calls ALL the time. SMH.

[@ShaheedahHill]

Agreed...I think most people think it won't be verified

[@ktsterlin9304]

Always appreciate these tips. I'm not entering the market yet, but I believe in being prepared and your videos def help with that

[@Mrs.Fineapple]

Not "can I buy groceries" lol I cracked up when you said that. By the way, that color was made for you. I love this look. Thanks for the info.

[@ShaheedahHill]

🙂

[@imaniratcliff3579]

Llplpllll

[@toddsmeltzer4423]

Your videos are fantastic! Informed, informative, in touch with the situations of real people looking for upward mobility. Thank you!

[@ShaheedahHill]

Thank you for the feedback. I really appreciate it!

[@audaxb]

Love your info and your delivery!

[@ShaheedahHill]

Thanks for watching

[@pongop]

Thank you for the great tips!

[@ShaheedahHill]

You are so welcome!

[@jvane28]

Thank you because I'm in the pre-approval stage. I'm glad for the info.

[@ShaheedahHill]

Glad it was helpful!

[@LegendaryKind]

Your videos have been immensely helpful. Thank you so much 🙏🏽

[@ShaheedahHill]

Thanks for watching

[@cherylgrace2279]

Girl I love this! Thank you thank you!! Blessings to you and your Career

[@ShaheedahHill]

Thank you!

[@boldnbutiful_]

So glad I found your channel, information packed. Ty

[@ShaheedahHill]

Thank you so much and welcome!

[@AndreaGomez-kv5iq]

I’m moving to Atlanta just so you can be our agent hehe blessing from California 😀

[@BoswelliaLuna8]

You look so pretty and fresh! Great on camera! Beautiful skin!

[@moniquewashington4319]

Hey I learned so many things watching all your videos and I thank you for them all ,keep them coming 🥰🤗 What bills do you mean like gas bill/ water and power bills while living in your current apartment..Or do you mean like loan and credit card bills, things in that nature🤔

[@loulou-fr4sp]

Dat happened to me I was under contract with kb home I had an accident no truck company wanted to hired me so I had to go with a 1099 company without telling them but they figure it out when they reverify my income. Now I'm in process to get an existing house..

[@ShaheedahHill]

Im sorry that happened to you, wishing you success on your next purchase.

[@loulou-fr4sp]

@@ShaheedahHill thank you so much I'm in Jacksonville Florida I learn alot from you, you mean a lot to me almost everything I want to know I go through your videos.

[@MaxMediaUSA]

I love your videos! I'm buying a home and you give me so many things to consider.

[@ShaheedahHill]

Awesome! Thank you!

[@ssneed7881]

My husband has added two part time jobs in addition to his already full-time job at the hospital. He works about 36 hours a week at the hospital. Will this effect us while we are under contract?

[@ShaheedahHill]

No extra jobs that you can document with checkstubs will not have an impact.

[@TheOfficialMcWaka]

Hey there I'm trying to back out of the purchase and want to know how should I go about getting my earnest money deposit back? Reason why I'm backing out is because the monthly payment is about 50% of our monthly house income.

[@Sunshine4]

Um, how do you avoid this issue?

[@nata6835]

The prices of the houses where I live have me very discouraged that I’ll never be a homeowner. They’re super super expensive. I got excellent credit very low debt under 4000. But my income still not enough because the prices of the houses are ridiculous. I don’t think I can afford mortgage. Sad.

[@ShaheedahHill]

Get some side income, start a business or find a new job paying more. This is the best time to find new opportunities.

[@Bear_83]

So before finding a lender I should have my funds arranged. Meaning I was going to get a loan out my 457 to place into account use. And any stock investment to cash in on?

[@ShaheedahHill]

As long as you own the accounts you are getting the money from you are fine. It is when you are getting morning from other places you will have to account for.

[@michaelpalmer12]

Thank's for you're information just went threw underwriting. Next step conditional approval waiting on the clear for our first home. Thanks again sister stay blessed you're information put me at ease a few times.

[@ShaheedahHill]

Best of luck!

[@Jenniinavarro]

Wish I had seen your videos long ago!

[@ShaheedahHill]

Well welcome and thanks for watching!

[@ayshabell3582]

What if you got a job promotion (same company) and went from a 1099 to w2? Is this a problem?

[@ShaheedahHill]

Since a W2 is seen as more stable than a 1099 it should be fine, but double check with a local lender to advise you on your specific situation.

[@brittanychrissy]

I have a question regarding a person switching from W2 to self employment during the home buying process. I thought that you have to be employed like 2 years for that income to count. I'm asking because I have a primary job I've worked long term, but I have a secondary job that I started in February 2021. I wasn't going to use the income from the secondary job because I assumed it wasn't long enough history.

[@ShaheedahHill]

They likely will not count it unless you work for 2 years, but ask the lender to be sure.

[@jillmarshall4718]

Hi Shaheedah, Thank you Again for Telling us about The Right Approach of Buying a Home. Like you say The Lenders/ Underwriters can Notice a Red Flag, which means you will not Qualified for a Home. I'm listening and Taking your Advice on what not to do. Great Video, Job well Done Shaheedah 😀😀😀😀😀😀😀😀😀,

[@marquettahall9180]

What is a large dollar amount is there a limit?

[@ShaheedahHill]

Outside of your regular income ... may vary a bit by lender A large deposit for a conventional mortgage is 50% or more of the total monthly income used on your loan application. For a USDA loan, a large deposit is considered 25% or more of your income. The large deposit standard for an FHA loan is 1% of the home’s sale price, and for a VA loan, it is 2% of the home’s sale price.

[@serenitysherrithomas5318]

I just luv your Information:)

[@ItsTsharee]

Thank you for your info! Your videos are always so easy to follow! Typically what’s a good deposit amount to include with an offer for a home priced around 195-200K?

[@ShaheedahHill]

1-2% of the offer price, in multiple offer situations the higher the earnest money the stronger the offer.

[@ItsTsharee]

@@ShaheedahHill thank you! 😊

[@owlsaremybesties8585]

Hi! So, my husband is really worried about the banks being shady with mortgage loans right now, and wants to wait for the housing market to crash. But, that may take a long time. What do you think about all this?

[@ShaheedahHill]

Rates are still relatively low, you should always get more than one quote so you can avoid a "shady lender".

[@owlsaremybesties8585]

@@ShaheedahHill ok! But, what about the housing market crashing, when do you foresee that happening?

[@rohbari5049]

@@owlsaremybesties8585 It's gonna crash soon once people finish the savings from enemployment, just wait few months

[@torski346torsk2]

I’ve been under contract for a new construction town home for almost a year. The selling agent says the hold up is due to a hole in the ground that the county has to repair. Should I reach out to the city, should I pull out of this contract? What are your views

[@ShaheedahHill]

I wouldn't pull out if the contract until you have an equal or better alternative, also review your contract to see if there is any penalty for terminating early. You can ask county to get their take and to see if what the builder is saying is accurate.

[@torski346torsk2]

@@ShaheedahHill thank you 🙏🏽

[@cookies4582]

Been at the same Hospital for going on 15 years another hospital brought us out but we keep our Seniority and if I'm upfront about it will that change count against me getting a home? Also does working part time effect me of buying a house? As a CNA I'm only making 19.97hr every two weeks

[@ShaheedahHill]

If the part time income is significant enough and consistent, you will be able to qualify. The company that runs the hospital shouldn't matter as long as your employment type does not change

[@cookies4582]

@@ShaheedahHill Thank you ❤️

[@DIVA7RARIMP]

Thanks for sharing

[@KP-ge7ye]

Great information

[@ShaheedahHill]

Thanks for watching

[@KamalElfahssi]

A great video Shaheeda 🌹👍

[@ShaheedahHill]

Thanks

[@honeypotqueens9865]

Love it

[@ShaheedahHill]

Thank you for watching.

[@nelljackson3858]

Good information

[@ShaheedahHill]

Thanks for watching

[@jahleesacampbell]

How many check subs do you need?

[@ShaheedahHill]

Usually 30 days worth

[@sarahcorona6673]

If the loan is in my husbands name, would it hurt if I got a new credit card under my soc security number? Im not on the loan at all and the lender only asked for his information for the loan. Thanks!

[@sarahcorona6673]

Also, were not under contract yet just preapproved.

[@ShaheedahHill]

It shouldn't but if you have a joint account and start making payments out of that account they will likely him about it. Ask your lender to be sure.

[@annettecarter9393]

You should make sure you name is on the deed at least.

[@entrepreneur1013]

I WOULD JUST WAIT FROM BUYING A NEW HOUSE AND LOOK FOR PEOPLE WHO ABOUT TO LOOSE THERE HOUSE

[@ssneed7881]

What if money is gifted to you last minute from like a grandparent?

[@ShaheedahHill]

You need to document the gift with the lender, don't just put any lump sums in your account when you are under contract or close to buying a home.

[@paulmurphy1494]

In my opinion, if can't afford to pay your MINIMUM credit card payment; you don't need a house.

[@ShaheedahHill]

Agreed, but usually they just forget to make the payment. So you have to be super vigilant during this time and make sure you are paying everything on time.

[@jwilson4568]

👏🏽👏🏽👏🏽👏🏽👏🏽

[@ShaheedahHill]

Thanks for watching!

[@killersentra]

💜

[@KarLaLoVe]

💕💕💕🌴

[@ShaheedahHill]

Thanks for watching