How to Buy a House in 2024 Step By Step - ALL First Time Buyers Need to WATCH THIS!

🟢Ready to Buy a House & You Don't Know Where to Start? Start Here! My FREE Download: bit.ly/3QWqfbq
🚨Do Not Buy a House without My First Time Homebuyer Masterclass with Digital Confidently Closed Handbook, Because After Closing is Too Late: bit.ly/47s4pT7 🚨
Other Videos Mentioned in this video:
▶️How much should your mortgage payment be - • How Much Should Your M...
▶️Pre-Approval Fully Explained - kzbin.infocpewL4OlpjQ?...
▶️Why Your Loan Can be Denied After Approval - • Why your loan may be D...
▶️Underwriting Explained - • What Does the Underwri...
▶️Appraisal Explained - • What if My House Doesn...
📌Need an Agent Referral :
➡️GEORGIA, FLORIDA & TEXAS ONLY: forms.gle/dsGeJo1JFYpfSNJLA
➡️All other states: homeandmoney.com/shaheedah/
Ready to Buy Your First House? Watch these videos & Visit my playlists!
⭐8 Steps to Buy a House - • How to Buy A House | B...
⭐ Where Should You Start? - • First Time Homebuyer C...
⭐ Most Important People in the Home Buying Process - • Home Buying Process - ...
⭐ What is Included in your Mortgage Payment: • What is included with ...
⭐New Construction - • First Time Buyer New C...
⭐FHA or Conventional - • Which is better FHA or...
⭐Buying a House with Student Loans - • Buying a House with St...
⭐7 Day Perfect Credit Plan - • My ONE WEEK PLAN - How...
⭐Can you afford a house: DTI Ratio - • How Much Home Can I Af...
⭐What happens at closing - • What Happens During a ...
⭐NACA Home Buying Program - • NACA | NACA Program | ...
⭐Should I Rent or Buy? - • Should I BUY a HOUSE O...
⭐ Get Your Real Estate License Online- • How to Get Your Real E...
⭐⭐PLAYLISTS - / shaheedahhillrealestate
⭐Join My First Time Buyers Facebook Group⭐
/ members

[@benildoalvespires4247]

First step: having money.

[@LaurelCanyonMojo]

Not as much as you think, if you choose a house within your means and you're not attached to living in an expensive area.

[@shadowseeker2197]

First step: have lots of paperwork lol

[@expansioniskeyrn]

Yes & No…when you get more experienced/older, you’ll find out vast majority of people borrow money from a bank to “buy” a home. Dumb it down….make monthly payments you can afford for 15-30 years…

[@Interestinggirl-in2ne]

I wish they taught this in school! But thank God theres people like you here to help others!

[@ShaheedahHill]

@Interestinggirl-in2ne Thank you for watching

[@angeliamattingly]

I'm first time home buyer. Best decision. I bought land in the country i didn't wanna be in Dallas Texas anymore. I did all mine in 2023. I been in my new home 4 months now. I got a mobile home because houses are just to expensive.

[@ShaheedahHill]

Congrats and thanks for sharing!

[@kainwinchester4434]

Me and my fiance are considering buying after finding a project house/ major fixer upper

[@TheeHuntress]

❤I see that you are really onto something. I am from Houston, and have long had enough of the stresses of big city living. I have been looking into buying land as well, in the rural areas of Georgia (where I have never been until today lol.) Always good to keep an open mind. I wish you well in your home and endeavors. You did your thing ✊🏽

[@angeliamattingly]

@@TheeHuntress I'm from Georgia I hope you like it. The weather there is much different from Texas. I'm from Rossville, Georgia

[@pacs0508]

​@@TheeHuntressJAWJUH. ATL, AL HERE, SOUTHERN BORN AND SOUTHERN BRED.

[@mega408]

Bought three houses now. Everything is on point.

[@ShaheedahHill]

Thanks for watching

[@strategygalactic]

1st step: have money.

[@Ms.J.]

😂

[@coreysanders2778]

🤣🤣🤣🤣🤣

[@BigMamaEnergy]

Over the hill to homeownership! That’s gold! Good job, mama!

[@ShaheedahHill]

Thanks so much!

[@stephanieb6019]

You are so awesome! I love how your teaching background comes into play and makes it so straightforward to understand. Thank you!! Im nervous and looking forward to homeownership.

[@ShaheedahHill]

Thank you so much, everyone is a little nervous but you will confidently buy your first home!!!

[@LacherEustache]

Amazingly concrete and clear! You present information so uniquely and make it so easy to understand! Starting out saying that home owners are not smarter than anyone else, HUGE!!! I didn’t realize I thought that until you said it!

[@ShaheedahHill]

Thank you so much, sometimes it is the opposite - sometimes smart people overthink and wait way longer than they should have to make the first step.

[@vikkivibes5257]

You're such a wealth of information!!!!! I truly 🧡 your channel. 👍🏾☺️

[@ShaheedahHill]

Thank you so much 🤗

[@sylviekabasso]

Thank you for sharing, education is the key especially for the first time home buyers.😊

[@ShaheedahHill]

Absolutely!!

[@kelvinjefferson2253]

Thank you for this great information and on your other videos. Getting ready to buy a home this year. Your a blessing 💯

[@ShaheedahHill]

You are so welcome

[@laticiacook883]

Amazing video, thank you for not zipping through the info and teaching what people need to know. I am now more informed!

[@ShaheedahHill]

@laticiacook883 Thank you for watching

[@covergirl7]

Thank you for sharing!! This was very helpful and you explained it so wel!!❤

[@ShaheedahHill]

Glad it was helpfu, thank you for watching and for the feedback, it really means a lot to me☺️

[@dlinder7]

Mrs Hill out here with these RE gems!!! Straight forward and clear

[@ShaheedahHill]

@dlinder7 Thank you for watching

[@clab7133]

Omg thank you so, so much! It feels like there's magic information other people know and you are openly sharing it! ❤

[@ShaheedahHill]

@clab7133 Thank you for watching

[@Dr.WaltzFromChicago]

Thank you Ms. Hill🌹🙌🏾🌹

[@ShaheedahHill]

You are so welcome

[@haleypage2947]

You're amazing! I took notes! Thank you sm!

[@ShaheedahHill]

I'm so glad!

[@greaterishe7197]

Me too!

[@tropic1798]

This video is so helpful. Thank you for the steps 💛🧡

[@ShaheedahHill]

You're so welcome!

[@henryestilin9090]

Thank you Professor!!!!!

[@ShaheedahHill]

You are welcome!

[@kevinyang8205]

Thank you for answering my questions that I have been wondering about

[@ShaheedahHill]

Happy to help!

[@MikePhases]

I love your steps my wife and I is currently doing this but I would recommend every one to take care of all debts before anything because not only you clearing your debts but at the same time your building your credit score for a better chance at getting approved for more in my opinion it’s better to be approved for more than less you don’t want to get a mortgage while in debt

[@ShaheedahHill]

@MikePhases Thanks for watching and sharing

[@jennifferflowers]

Thank you for posting this

[@ShaheedahHill]

You're welcome

[@claudeenonthego]

Thank you so much!! Saving this since I'm thinking of getting into the game hopefully in the next year or two.

[@ShaheedahHill]

@claudeenonthego Thank you for watching

[@stevensettlesii8314]

Your information is amazing. I have shared your video with friends. And they have been able to purchase houses from the tips that you give in. You're awesome. Keep these amazing videos coming

[@ShaheedahHill]

@stevensettlesii8314 Thank you for watching and sharing my videos ☺️

[@tyriqhilliardsr.7074]

Great video! So informative and easily understood! Thank you ma'am!

[@ShaheedahHill]

You're so welcome!

[@user-xj6ol9fu6p]

❤ Thank You!

[@whitneyaaliyahh5259]

Extremely helpful!! Me and my husband are preparing this year to get into hone next year.

[@ShaheedahHill]

Thanks for watching

[@patrickpurnell8171]

I truly appreciate you, and thanks so very much.

[@ShaheedahHill]

@patrickpurnell8171 Thank you for watching

[@andriyatomick9732]

thank you very much

[@rosiebelf955]

best video ever.Thank you!

[@ShaheedahHill]

Wow, thanks!

[@sunriseshine931]

Thank you for the info!

[@ShaheedahHill]

Any time!

[@carlosjara3485]

This has been the most helpful video I ever watched. Thank you for the video!

[@ShaheedahHill]

That is awesome, thank you so much.

[@papaproductivo8698]

Awesome video . Thanks for the info

[@ShaheedahHill]

@papaproductivo8698 Thank you for watching

[@Nikabooski]

Just found your channel! As a soon to be homeowner(closing in a week), my husband and I followed these steps and we’re so excited own. We’ve rented for many years and now have the opportunity to own our first home.

[@ShaheedahHill]

That is awesome, congratulations!!

[@cr8head]

very good video. thank you!

[@ShaheedahHill]

You are welcome!

[@beevee7668]

Thank you!

[@ShaheedahHill]

You're welcome!

[@supremedeity4013]

Thank you for sharing. Very valuable information.

[@ShaheedahHill]

Glad it was helpful!

[@sweetafiedsteph]

You are a breath of fresh air, watching your videos have SIGNIFICANTLY improved my fiancé and my home buying experience, and we are confident in getting a home within the next few months 👍

[@ShaheedahHill]

@sweetafiedsteph Thank you for watching and for the feedback, I really appreciate it.

[@brendawheeler975]

Sharing is caring, thank you for the knowledge.😊

[@ShaheedahHill]

Thanks for watching

[@KristenYoga_]

Amazing vid!!!

[@ShaheedahHill]

Thanks!!

[@lovelyresidor5388]

I have to say you are so amazing, I love your sharing.

[@ShaheedahHill]

Thank you so much!

[@cathykwardeng7428]

Thank for information

[@ShaheedahHill]

@cathykwardeng7428 Thank you for watching

[@tristinjones2]

Thanks this is really helpful

[@ShaheedahHill]

@tristinjones2 Thank you for watching

[@kimberlymay9497]

Great video ❤ plain and simple. I made it to pre approval last year then had some things happen. Had my credit where it needed to be, now I have to work on that again. I’m thankful I have a roof over my head (apt) but I want an affordable home one day.

[@Shanvle]

I had the same experience last year, praying to be in my own home this year. We got this!

[@ShaheedahHill]

Get back out there when the time is right for you. Thank you for watching.

[@kimberlymay9497]

@@Shanvle we did it before we can do it again. This time more wiser.

[@onlymeentertainment]

Appreciate your channel so much! 💯🙏🏿

[@ShaheedahHill]

Thank to😊

[@ShaheedahHill]

You!

[@waltergatlin6268]

I am currently in the beginning stages of purchasing a home. This video helped alot. Awesome advice. Thank You so much Mrs. Hill.

[@ShaheedahHill]

You are so welcome! @waltergatlin6268 Thank you for watching

[@cryinginthewilderness8191]

Great info ..

[@ShaheedahHill]

Glad it was helpful!

[@jorgegomez1969]

This is Gold here, thank you!

[@ShaheedahHill]

You're very welcome!

[@jameelabellingport6369]

This is gold thank you soo much

[@ShaheedahHill]

@jameelabellingport6369 Thank you for watching

[@jameelabellingport6369]

@@ShaheedahHill no thank you

[@boneytiger5650]

Great info. I look forward to these steps.

[@ShaheedahHill]

@boneytiger5650 Thank you for watching

[@Mark21-53]

I hope I’ll be home next month. Thank you for the video!

[@ShaheedahHill]

Thanks for watching

[@pamelawyatt7792]

This is a very helpful video

[@ShaheedahHill]

Glad it was helpful!

[@BawsyCD]

Thank you

[@ShaheedahHill]

@BawsyCD Thank you for watching

[@TheeHuntress]

Although 9 steps might seem like a lot for some, your explanation made it as clear as day to me. Had the realtors and lenders I have dealt with explained the home buying process at all, you make me feel like I would have at least 2 homes under my belt by now 😢🤷🏽

[@ShaheedahHill]

Thank you so much for watching, you can do this!

[@angelaharris2122]

I’m a Realtor in Birmingham. I must say there is detail and clarification for clients. Thanks!!!

[@ShaheedahHill]

Thanks for watching

[@Brandon-cj4tv]

This was great

[@ShaheedahHill]

@Brandon-cj4tv Thank you for watching

[@prosperalieh3009]

Informative

[@ShaheedahHill]

@prosperalieh3009 Thank you for watching

[@aliciaf3384]

Great video

[@ShaheedahHill]

@aliciaf3384 Thank you for watching

[@berenicecasillas6786]

Can you do a video of programs that’ll help first time buys? Love all the info!

[@ShaheedahHill]

Here you go kzbin.info1wbXthaTqM4?feature=share

[@annettepennant5672]

Gan Shaheedah thanks for the information

[@ShaheedahHill]

@annettepennant5672 Thank you for watching

[@dennischarles8524]

Thanks

[@ShaheedahHill]

@dennischarles8524 Thank you for watching

[@kkrobertson1]

Love this video:) Very informative. Do you have any information for first time home buyers; who are planning to get a construction loan to build there first home?

[@ShaheedahHill]

Thank you, here is my video on buying a home on your own land - kzbin.info/www/bejne/fKfVf2OEjK-cZ5I

[@kkrobertson1]

Thank you

[@NappturallyTrendy]

New sub❤ You're videos are very informative. My question is, I have cash to buy land right now, but can you explain 100% 15 year tax abatement?

[@ShaheedahHill]

Welcome to the channel, typically a tax abatement is when the municipality (usually the city or county) is going to waive property taxes, usually to spur economic development and encourage people to move to certain areas. In this example it would be for 15 years. Here is my video on building on your own land - kzbin.info/www/bejne/fKfVf2OEjK-cZ5I

[@NappturallyTrendy]

@ShaheedahHill Thank you so much, and thanks for responding

[@sirenayf2576]

Hi Shaheeda! Thank you for your channel 🙏🏽 I’m a single mom and looking to buy my first home on my own for more space to accommodate an aging parent. Also, I currently own a home. Any advice for those needing to sell their current home? Or is there another channel that you recommend? Ty 😊

[@ShaheedahHill]

Here is a video that I made to sell your first home - kzbin.info/www/bejne/q5apnIqhoKmDb5I

[@sirenayf2576]

Thank you ❤

[@eugenesmith3611]

Good afternoon

[@ShaheedahHill]

@eugenesmith3611 Thank you for watching

[@shern029]

Hi I'm a new follower. Do you have info on self employed or 1099 employees?

[@ShaheedahHill]

I don't have a video specifically for self employed, however a friend of the channel does: Here is that video: kzbin.info/www/bejne/laWTg6J7r81_p7Msi=TaGPWDyd2dBVr8nx We also have a video we did together, really detailing the pre-approval process: kzbin.infocpewL4OlpjQ?feature=share Welcome to the channel!

[@Merathracing]

I tries to go through my realtors recommendation for a lender and he barely talks to me.

[@magamen6572]

First step: Have money.

[@jessicaalexander19]

What are your opinions, if any, regarding the NACA loan?

[@ShaheedahHill]

Here are my 3 NACA videos - I don't have a problem with the program, but you likely need a plan B, since not everyone can make it through the NACA process. @jessicaalexander19 Thank you for watching kzbin.info/www/bejne/fXnMl6t6d8aAadU kzbin.info/www/bejne/bXe4eqWKirZ5brc kzbin.info/www/bejne/fn2vnaitlqaZqLM

[@Eagle-zk1un]

When paying off all debt. Your credit score will drop😮

[@ShaheedahHill]

Yes, that is true. But it rebounds usually within a few months. @Eagle-zk1un Thank you for watching

[@msamackruth]

Do you know of any realtor in Illinois south suburbs specializing in first time homebuyers. I'm having trouble finding any. Thank You

[@ShaheedahHill]

Please email me at [e-mail] and I will recommend someone.

[@missykarissy3033]

You skipped #4 😩

[@jfresh2054]

Homes near me are selling like hot cakes and 30k+over asking, usually. I don't understand how anyone can make equity on any house near me. It's crazy. I'm trying to buy a house but the houses near me are pending within 1 week.

[@ShaheedahHill]

@jfresh2054 Thank you for watching

[@TyroneFerrell-uq6cp]

I am super excited to learn more, but here is a question ⁉️ if I'm approved for the loan, can I use some of it for other things? You said something about a down payment at closing, so that's why I'm asking!!! Tell me more 😳

[@ShaheedahHill]

No you cannot use it for other things, only the home purchase. You may in some cases be able to roll the closing costs into the loan, but the home still needs to appraise for that higher amount.

[@jadatownsend5014]

Right now. Im renting. But i want to buy my own home. I already pay rent, watter, lights, suply my own heat, pest control, and trash.... So i feel like im already doing the financial part of home owning....

[@ShaheedahHill]

@jadatownsend5014 Thank you for watching

[@DianaPrinceitiswhatitis]

I’m looking and nervous to buy my first home. I’m in Cali.😅

[@ShaheedahHill]

Thank for watching!

[@kelrubino340]

Do you recommend NACA?

[@ShaheedahHill]

I think NACA is good but you need a back up plan to NACA just in case it does not work for you or it takes too long - Here are two of my NACA videos you should watch - kzbin.info/www/bejne/bXe4eqWKirZ5brc and kzbin.info/www/bejne/fXnMl6t6d8aAadU

[@PippiOnePointOh]

I have a question about knowing what you can afford. Do you have any videos that talk about the costs associated with home ownership BESIDES the mortgage? I’ve heard so many people say there are many things they have to pay for that they never anticipated.

[@ShaheedahHill]

I don't have a specific video with all the costs, but it is important to note that property taxes and insurance can increase as the home value increases and home maintenance costs. So anything you would call your landlord to fix would now be your responsibility. @PippiOnePointOh Thanks for watching! Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7

[@stevensettlesii8314]

Question if i'm...? I have a full-time job. I just Started driving over. Can I plan one doing it for the rest of this year? Is there any way I can get in a house with my current job? Combine with my uber income? Or is it just a complicated process? That's a nogo, would love your advice You're An amazing home buying genius

[@ShaheedahHill]

For part-time and contract work they will require you to work there for at least 2 years before they count that as income. So you are better off using the money from Uber to save towards your down payment and closing costs. @stevensettlesii8314 Thanks for watching! Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7

[@ealex3565]

how much money to save in bank and what if rent be late but gets paid

[@ShaheedahHill]

@ealex3565 Thank you for watching, usually during underwriting they will check your rental history so make sure you pay your rent on-time or that the landlord will tell them you haven't been late. There is no set amount you need to have in the bank but you should make a goal to save 7% of the home price. Here are 3 videos you should watch as follow-ups, that will help explain how it all works: kzbin.infocpewL4OlpjQ kzbin.info/www/bejne/bXvRYWeIoZuVeKM kzbin.info/www/bejne/mXmbf5yNeLeSnMk

[@HajraUmmiof3]

How long does the process overall Take?

[@ShaheedahHill]

30-45 days not including the home search. The home search process will vary for everyone but typically 30-45 days. Contract to Closing. @HajraUmmiof3 Thank you for watching

[@rachaelgoldstein6134]

Do you have a consultation and how much?

[@ShaheedahHill]

No but I have a FB group and a masterclass. @rachaelgoldstein6134 Thanks for watching! Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7

[@jones2277]

i''ve been a homeowner for a little over a month, and I'm already regretting it.

[@russellperkins8334]

Would you mind sharing your experience I'm close to buying myself.

[@akkulkar]

Why? 😮

[@ShaheedahHill]

Why, please share🙂

[@jones2277]

@@russellperkins8334 it's too stressful and expensive. there are so many little costs adding up. i just really hope that this doesn't kill me. I'm already exhausted.

[@MsKylea]

Sorry your experience has been negative so far. Please share your experience.

[@kevins.2557]

Does a prefab house have the same value as a trraditonally built house?

[@ShaheedahHill]

It depends if you have to disclose the home was pre-fab, many times you cannot tell. But I would say for the most part stick built hold more value.

[@mayachilisa18]

Ive been watching your videos for years and love your well informed content and explanations. Now im in the process of selling our 1st home we purchased and flipped. We have multiple offers on the table for asking price for the same terms. Pay 3% of closing costs of the final sell price. About 6k. We really would like an offer 10k over asking price.. What would be some good options as a response in this scenario to get us to our goal amount?

[@ShaheedahHill]

Thanks for being a subscriber to the channel for so long and congrats on your home sale. It is interesting that all offers you received have come in for the exact same price and terms...that may be an indication the buyer don't feel it is worth more than the list price. If you thought is was worth 10K more, next time list it for the market price, you have a 3 choices when listing a property list lower than market price and hope for a multiple offers bringing the price higher than list, market price and above market price. I am assuming you listed at what you thought was below market - but although you received multiple offers they all came in as list price. Now you can counter all offers at higher than list, but most agents will think if you wanted that price why didn't you list it for that, or my suggestion would be for you to tell all the agents you have received multiple offers and you are asking for highest and best and give a deadline to receive the best offer and go from there. Keep in mind a few things 1. make sure the property will appraise for the higher price, 2. with all buyers needed closing costs - if the house does not appraise they may try to renegotiate for the appraisal price and still need closing costs, have your agent walk you though these scenarios. Remember with FHA offers, they can typically walk away with their earnest money if the house does not appraise - review your contract for an Amendatory clause on FHA loans. Best of luck and let me know how it turns out☺️

[@mayachilisa18]

@ShaheedahHill thank you! This gives great insight and makes so much sense moving forward on how we need to approach this. I will update !

[@mayachilisa18]

@ShaheedahHill so we ended up taking our home off the market. We plan to relist soon. We decided it was best not to take the chance with either offers because one needed down-payment assistance, which apparently requires a longer closing time for some banks so we wouldn't be able to close before moving. They were both okay with paying closing costs in the counter. The other had a contingency that she sold her home. The buyers agent made it seem like the sell was a done deal, and the house was under contract only when my realtor checked, it was never under contract. I just looked again and the house is finally under contract, so we would've been paying another month of expenses for this and our new home before we would've even had the chance to close, maybe (shady lending). We learned that the majority of our offers were coming from people with "shady" or unclear lending situations. We had a total of 7 offers on the house within 3 weeks, and only 1 of them had a regionally recognized lender. It was very strange and I'm not sure what that means for the market.

[@kishorem86]

Thank you so much, what is your take on lot Premium for single family homes. Adding burden on total cost which is increasing the price of the house and making insanely difficult to purchase a single family home in the near future.

[@ShaheedahHill]

Many new builders include lot premiums into the total costs. If you buy a lot with no premium they are likely less desireable, avoid lots with slopes up or down, no yards, power lines, etc. those all make homes harder to sell when you are ready. If you can geta culdesac lot with a yard - I would pay a premium for that. @kishorem86 Thank you for watching

[@kishorem86]

@@ShaheedahHill thank you

[@gloriaperson7178]

Hello love listen to you are you no license in Va

[@ShaheedahHill]

I am not licensed in VA but I do have a referral. Please just email me at [e-mail]

[@zendragonmindtuner6207]

So what do I do if 30% of my take home isn’t enough to buy a home anywhere near where I’d like to live and I don’t have much money saved for a down payment?

[@ShaheedahHill]

You can use DPA to help with the down payment, but the hard answer is, in order to buy a home in your area you will likely have to make some more money or live farther away where prices may be lower. I also want to say even if you are renting you dont want more than about 30% of your take home pay to go towards housing. @zendragonmindtuner6207 Thank you for watching

[@loveyoubetrue111]

Wish I could talk to you one on one 😢❤

[@ShaheedahHill]

Please join my FB group, you can ask questions and learn a lot there. facebook.com/groups/HillsFirstTimeBuyers @loveyoubetrue111 Thanks for watching! Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7

[@JamaicanQueenstuff]

What if you have the exact amount for the house

[@ShaheedahHill]

Then you don't need a loan. The steps are still basically the same except underwriting and appraisal. An appraisal will not be required but you may want to get an appraisal to protect the value of your investment.

[@LM20630]

Approximately how long does this process take?

[@ShaheedahHill]

Once you find a house you can close within 30-45 days

[@iamjassyjim1477]

So I applied w my bank for FHA.. I should have watched this first to Kno I have that 30 day window to allow other to run my credit 😢

[@ShaheedahHill]

This is a really good video to watch, it explains the pre-approval process in great detail. kzbin.infocpewL4OlpjQ

[@abailey3185]

Sorry i am new here. But does that say "Douglasville" in your background??? I am around the corner from you honey, and we gotta meet!!!!!!

[@ShaheedahHill]

It does, I usually change my backgrounds back and forth and for this video, I left my Douglasville sign up. I have a much smaller Douglasville channel - Hi Neighbor 😊kzbin.info

[@whiteowl8703]

Good luck with 7%. 😢

[@ShaheedahHill]

@whiteowl8703 Thank you for watching

[@akkulkar]

No need to pay earnest money to the seller?

[@ShaheedahHill]

It's not required but common as part of your offer.

[@marshallhobbs46]

How early should i start this process? A year before actually looking?

[@ShaheedahHill]

6 months should be fine, if you are worried about credit or qualification you may want to do it earlier. @marshallhobbs46 Thanks for watching! Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7

[@marshallhobbs46]

@@ShaheedahHill thank you for responding! Luckily I'm not worried about either I just plan ahead and was wondering how early I could start the process.

[@annaire8491]

Are the lender fees based upon your credit score, the loan amount, or are they a flat rate?

[@ShaheedahHill]

The fees are usually based on the loan amount or a flat fee but all lenders are different. If you have bad credit and you find a lender that will lend to you, your fees on the loan are usually increased. You always need to ask each lender about their fees and get loan estimates from each at time of approval that will detail the fees. I did this video with a lender and we discussed fees in detail. kzbin.info/www/bejne/gHmVeYJ6Z9mLo9U @annaire8491 Thanks for watching! Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7

[@annaire8491]

@@ShaheedahHill Thank you. I "received a pre-approval" from a lender name Melody in FL. My credit score was good. She gave me a verbal approval and told me to stay below 275K. She refused to give me a breakdown of the fees or the pre-approval letter. When the first realtor I worked with to me she was a walking red flag, she overheard him on the phone and demanded that either I drop him or she would rescind the offer. I didn't know that it was illegal at the time. She suggested that I work with a realtor she was comfortable with. Long story short, the realtor admitted that she likes to work with the lender because she "forces a close" (you don't find out about the fees until you're at the closing table and if you don't close you lose your money) so I abandoned that endeavor of homeownership. Whenever I would ask about the closing amount she would verbally tell me random numbers that would jump from 5k - 15k in just a few days (less than a week). When she pulled my credit it brought my credit score down dramatically. Luckily I was in the 700s to start with. Whenever I would ask questions, she would say that I shouldn't question her because she's the professional. I walked away than to be robbed. Also This same shady lender is on club house giving talks on Black Homeownership as if she's ethical.

[@iamjassyjim1477]

How much money does it usually cost for out of pocket?

[@ShaheedahHill]

I recommend trying to save 7% of the cost of the home, if that seems out of reach you can use DPA or other avenues to reduce the cost. I have 2 videos I recommend you watch, one explains the 7% and the other explains how to buy a house with little to no money out of pocket. kzbin.info/www/bejne/mXmbf5yNeLeSnMk kzbin.info/www/bejne/bXvRYWeIoZuVeKM

[@iamjassyjim1477]

@@ShaheedahHill THANK YOU so much

[@marlenegreen5319]

👍🏽👍🏽👍🏽👍🏽👍🏽

[@ShaheedahHill]

Thank you Marlene!

[@pritzylife7715]

What about when buying new homes (building from the ground up). That offer great incentives if you use their lender. What would you do in that situation.

[@ShaheedahHill]

Yes, if you are buying new construction...most people will use the preferred lender but still get at least one outside quote, just to compare. Here is a live I did on New Construction - kzbin.infoknQeQk6e0uk?feature=share