Lenders HATE When I Share This

[@ShaheedahHill]

⭐️⭐️⭐️⭐️⭐️Loan Estimates and Credit Impact Explaine( Its actually 45 days but I usually advise my clients to do 30 days to be on the safe side): www.consumerfinance.gov/owning-a-home/compare/request-and-review-multiple-loan-estimates

[@antareschen4451]

The credit bureau should STOP selling phone and info to all the spammy lenders. Shit a after credit pull, messages and calls are non stop coming in.

[@ElleBrOw]

Your credit is valuable. Keep accounts 𝒇𝒓𝒐𝒛𝒆𝒏✅ Equifax experian transunion have the option. You can unfreeze when you’re applying for credit.

[@ShaheedahHill]

Many times it is the lender selling your info, make sure you check on the applications that you do not want your information sold or shared. @antareschen4451 Thanks for watching and sharing

[@ElleBrOw]

@@ShaheedahHill May I ask- Can you apply in multi states with 1 credit inquiry? I didn’t appreciate the credit pulls😕 Knocked me down coupla points- I was proud of my high score-laughing but not laughing 🤣

[@ShaheedahHill]

@@ElleBrOw probably with a mortgage broker

[@norastocks5510]

Oh shopping around is a game changer. I learned this from you and it meant a 2.7% interest rate versus a 3.2% interest rate. My husband was super resistant, but I went against him on that one and he thanked me.

[@ShaheedahHill]

Thanks so much for sharing and for your husband for listening to his wife😊🙌🏽

[@ruruvarela]

That's amazing. You did that during covid?

[@norastocks5510]

@@ruruvarela moat certainly did. Also negotiated some other things that they tied to push over on us. That whole appraisal not appraised you pay the difference. NOPE.

[@ruruvarela]

@@norastocks5510 omg lol. Congratulations

[@Earthlyfer]

I did 5 lender applications in a 2 week span . After the 3rd I felt a little nervous and weird but I was trusting the process. I just needed to see how different lender’s viewed me and what they offered.

[@ShaheedahHill]

How did it work out for you?

[@saucedaboss8881]

Update

[@Earthlyfer]

@@ShaheedahHillit worked out for me. A few lenders did not listen and offered different rates and even fees. I am glad I shopped around to see my options. I got DPA and a 4 % interest rate

[@Earthlyfer]

@@saucedaboss8881I close in two weeks and my lender got my down payment assistance. I am glad I shopped around some lenders were not so great or didn’t listen to my wishes . It also didn’t hurt my credit to have the lenders pull my credit

[@Earthlyfer]

@@saucedaboss8881 i am closing in 2weeks. it worked out for me. A few lenders did not listen and offered different rates and even fees. I am glad I shopped around to see my options. I got DPA and a 4 % interest rate. My current lender wasn’t my favorite at first but they are thorough and communicated each step even when it got annoying

[@ElleBrOw]

I’m under contract 🙋🏽‍♀️ Already approved, just awaiting underwriting process. I qualified for grants with 𝒂𝒍𝒎𝒐𝒔𝒕 no money down✅ No debt & exceptional credit does the trick. Stay tuned

[@ShaheedahHill]

I'm so proud of you!

[@Earthlyfer]

Congrats!! Me too!

[@ElleBrOw]

@@ShaheedahHill I’m your student from day 2. I went in confidence with Gods grace.

[@dizzle.1983]

@ElleBrOw what kind of grants I'm in the same boat

[@ElleBrOw]

@@dizzle.1983 First time home buyer program in Delaware... In addition to approval from BOA -but get this they only cover New Castle which is a different county.

[@sterlinelouisrn555]

That happened to me last month. My agent was expecting me to pay for escot fees without knowing anything. We had to move fast if I wanted to buy the house. I walked away and will definitely search for multiple lenders and agents.

[@ShaheedahHill]

@sterlinelouisrn555 Thanks for watching and sharing

[@MotherOfCivilization317]

Top Name I give people who are going to purchase a home! Hands down, you! 🙌🏾

[@ShaheedahHill]

Thank you😍

[@SSS-qg7sh]

I saved 250 a month. One lender was PISSED

[@ShaheedahHill]

😊 @SSS-qg7sh Thanks for watching and sharing

[@obaaAkos02]

That's excellent

[@greaterishe7197]

Way to go!

[@kmydesire12]

Good for you!😂

[@chelseacarter0109]

I am a first time home buyer, I did not have a lot of financial and credit guidance growing up. But your videos help me out so much! Thank you for making things so easy to follow and for speaking thr truth! ❤

[@ShaheedahHill]

@chelseacarter0109 Thank you for watching

[@steviedickson4736]

I started watching you years ago, (before interest rates went up). Thanks for the informative videos. Additionally, no disrespect to your intelligence, you are such a beautiful lady.

[@ShaheedahHill]

I appreciate that, thank you.

[@nadiasews]

Thanks for this! When we bought our first house we didnt shop around for agents or lenders and that was a mistake, in fact, we are lucky we didnt get screwed over because we had no idea what we were doing!

[@ShaheedahHill]

You got it done though, each time you do something you do it better the next time. @nadiasews Thank you for watching

[@JenniferBeeston]

Any lender that says they will match rates means they know they can get beat and they are offering you a higher deal then you can get with them. Don’t work with the matchers. Work with the ones giving you a legit good deal. VETERANS make sure you are shopping rates and fees. Way too many lenders you are calling are charging you a wayyy to much

[@SlickG-y8j]

Thanks for all the info you give! So genuine and really want to see people flourish! Thank you and stay blessed!

[@ShaheedahHill]

My pleasure, thank you for the support💖🙏🏽

[@evynp]

I just shared your channel with a friend that is purchasing her first home 💜 I hope she subscribed. You're so helpful!

[@ShaheedahHill]

Thank yo uso much, I appreciate you!

[@jesusislife345]

I wanted to do it but the builder told me that if I didn’t used their preferred lender I was not going to get the incentive that they were offering, it was $12k for closing costs. I couldn’t pass it up.

[@jmerrick16]

I’m in the same boat. My lender had the best rate for me but their preferred lender had better incentives. If I was buying a resale I’d definitely go with my own lender

[@ShaheedahHill]

New Construction is a different, but get at least one outside quote. But many lenders now are paying for you to get rates that not many can match

[@jesusislife345]

@@ShaheedahHill thank you for your reply, you are doing an amazing job!! God bless you 😘

[@snl2010]

I’m glad I came across Your video. I plan to buy 2025 and I’m starting my research now! These vids are so helpful.

[@ShaheedahHill]

@snl2010 Thank you for watching

[@tita8202]

Me too

[@livinglifewithms.j7279]

Hi, Please inform buyers of the new law that takes effect August 17th. I have been searching for a home the last 2 month with limited finances. Now.. This new change with the. Buyer's agent is a big factor !!

[@ShaheedahHill]

Here is my playlist that discusses the changes - kzbin.info/aero/PL6YdU_zvybVnD54WAS32Rcp7JeTmbZ38J

[@singles-l7y]

Awesome video and your answers to the commenters are gold. Thank you!

[@jaypaladin-havesmartswilll5508]

I did not know this info. I will definitely share this lenders shopping advice.

[@ShaheedahHill]

Thanks for sharing!

[@MrsBrittanyGold]

I love your channel. We are looking for our second but there are so much you forget.

[@ShaheedahHill]

@MrsBrittanyGold Thank you for watching

[@MissDemeanorOG]

Thank you for all your help

[@ShaheedahHill]

Thanks for watching

[@obaaAkos02]

You still have to do the math to see which offer makes more sense / beneficial over the life of the loan. If you going to save more than 12K at the long run / how long you plan to stay in the home, then the other lender will be better. Often time, new home buys just look at the builder's incentives without putting into consideration how much they can save overtime.

[@SCSC-qz7rr]

The problem for us especially first time homebuyers is that all lenders offer different things so it’s hard to know what your best offer is, some have lower points but you pay for other things, others have higher charges but offer more, etc that’s when at least I get confused…

[@Dbb27]

There’s many ways to address the costs. They can call them whatever they want. It’s all money out of your pocket. Add up the fees. Points aren’t always worth it if you’re buying the rate down. You have to look at how long the change of rates takes to make up for the points. You can go on an amortization calculator and play with it to help familiarize yourself.

[@ShaheedahHill]

I'm going to do a follow up video on this but you can use chat GPT - Use the prompt - I am comparing mortage loans and I need to know what is the best choice. I need you to compare and tell me which is the best and why. What information do you need from me? Then give Chat GPT the information from the estimates.

[@briann8983]

Shaheedah about a month ago I stumbled upon your videos and watched a few. Today this video appeared as a recommended video and its timing could not have been better. You see, I am a retiree. I along with another retiree decided to sell our individual condos and buy a single-family home together. We both bought over twenty years ago and boy have things changed. We went to the physical branches that we both bank at and felt like losers despite the fact we paid both of our properties off in full and easily had in savings alone enough money to buy the new house as well as retirement accounts with millions. The brick-and-mortar banks all use a rigid software that never took into consideration what we had as resources and seem more directed to W-2 employees which it isn't lost on me is the majority of buyers. It usually meant our debt-to-income ratio was above their recommended limits and they wanted extremely large down payments. We wanted to use only money from the sale of condos towards the purchase so we could continue to grow our savings and investments. To our surprise, despite paid in full homes, from their review they still saw our homes as liabilities and counted them in our debt-to-income ratio. We eventually agreed that we would try a specific lender online. We were approved. I always felt we should get other offers, but we felt frustrated by the process. Shortly after viewing your video, we got online and secured two other offers. We were shocked with credit scores over 800 how much each offer's interest rate differed as well as loan estimates. To put this in perspective, had we not done what you said and gone with the first offer we got, we would have an interest rate 1.25% more than the other offers. We also would have had to increase our down payment by $30,000. You are not exaggerating when you say it can cost you thousands. Thank you for sharing this valuable information. We now have some leverage when we had none before.

[@ShaheedahHill]

This is so awesome, thank you so much for sharing and best of luck on the home search!!!

[@briann8983]

@@ShaheedahHillThank you again!!!

[@Dbb27]

Same happened with me. I went for a heloc and they wanted to give me $15,000!! I own two free and clear rentals and have a house with 50% equity. I didn’t need anything but live in a hurricane area so it was just in case. I couldn’t believe I was basically turned down. 🤦‍♀️

[@judzthomo8431]

I wish I had known this 5 years ago when I was purchasing my first house.... sigh

[@MsToKnow]

There is so much being left out of this video. Getting 3-6 quotes means nothing if you aren’t comparing apples to apples. In addition, you don’t need a full loan estimate as the lender only controls a few fees. If you are going to tell buyers to shop then fully teach them how, otherwise it is a waste of time for all. Also, the 30 days on the credit pull applies to two credit bureaus, as one is 10 days. Interest rates change daily and sometimes multiple times in a day. What you want to shop is the total cost of the loan and not just the interest rate.

[@ShaheedahHill]

@MsToKnow Thank you for watching, the first step is knowing you need to get more than one quote and the next step would be knowing how to compare. It doesn't all have to be in one video.

[@singles-l7y]

Great video, thanks.

[@zassy4778]

Wish I saw your video sooner! We are so misinformed in this life lol!

[@ShaheedahHill]

@zassy4778 Thank you for watching

[@ShaheedahHill]

www.consumerfinance.gov/owning-a-home/compare/request-and-review-multiple-loan-estimates/#:~:text=Homebuyers%20can%20potentially%20save%20%24600,mortgage%20offers%20from%20multiple%20lenders.

[@andychang7137]

you are good. Thanks for sharing your inputs

[@ShaheedahHill]

@andychang7137 Thank you for watching

[@livingvirtuouslyfree5600]

Those origination fees are a mess!

[@ytalchemy]

Best mortgage video I've ever seen.

[@ShaheedahHill]

Wow, thank you 💖

[@naturalnikki8675]

Great advice!

[@ShaheedahHill]

Thanks for watching!

[@lifeofyanique381]

Hi Shaheedah , Great Video !!. I live in FL. My Family & I are interested in purchasing a new construction ,and may go with builders lender (for better incentives & rates) . What's your suggestion with this scenario ?

[@ShaheedahHill]

Usually an outside lender cannot beat the incentives offered by the builders lender, so just get one additional quote. If the builder has multiple preferred lenders, quote with 3 of them.

[@Ed-vd6dl]

Lenders are required to give you a Loan Estimate within 3 days of a completed loan application.

[@ShaheedahHill]

The fine print of that is they don't have to give you one until the loan application is complete, many lenders don't consider it complete until they have a sales contract. That's how they get around the 3 day rule.

[@GregMeg]

Excellent information 👌

[@ShaheedahHill]

@GregMeg Thank you for watching

[@ladilondon1213]

What about VA??? Still search other’s?

[@ShaheedahHill]

YES - There is no set interest rate for VA loans, they vary by lender.

[@hyoudiebenoit6480]

Hi has anyone ever heard of right of first refusal. My offer was accepted and seller won’t sale the house without the right of first refusal clause . I would greatly appreciate your input .

[@tinagills2591]

I sound like a habitat home where they have the right to buy back the house and pull it back to habitat community

[@missyrinaroseBet]

Mines dropped buy 6 points... Now im scared to do it again to get back over 717 again...

[@ShaheedahHill]

@missyrinaroseBet Thank you for watching

[@Dunn_mortgage_advisor]

Or just get with a mortgage advisor that uses mortgage coach. You won't need to do 50 applications when it's all laid in front of you. Fee sheet loan officers are done.

[@ShaheedahHill]

@Dunn_mortgage_advisor Thanks for watching and sharing

[@JenniferBeeston]

Mortgage Coach just shows options with one lender. That is not shopping rates and fees and is deceptive. Be better

[@viviandawson3633]

Yep they take your money and applied how it works for them.not you. Diffintely agree

[@ShaheedahHill]

@viviandawson3633 Thank you for watching

[@djwhulski]

Thank you for all the videos you have provided Shaheedah, like Elijah said it's a scary process and Im just starting my first purchase journey researching all the lenders and agents available in the sunshine state of Florida. How do I even decided on what trusted lender to use? There are so many from Lending Tree Rocket Mortgage to Mom and Pop lenders all looking to provide the best rate I don't even have the 3.5% down payment yet I have lenders pulling me left & right and emails promising the best rate from a company I've never heard of

[@ShaheedahHill]

You can usually feel confident with these 3 options: Recommendation from your agent, even if you haven't officially hired them yet. An online lender A mortgage broker, you current bank or credit union(choose 1)

[@ShaheedahHill]

@djwhulski Thanks for watching! Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7

[@uterpia]

Thank you

[@ShaheedahHill]

You're welcome

[@ShaheedahHill]

You're welcome

[@Crystal-jd7wc]

Do you assist with the home buying process in Dallas Texas?

[@ShaheedahHill]

No, but my masterclass can help you navigate the process. @Crystal-jd7wc Thanks for watching! Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7

[@themandinkafamily]

Question. If your aim is to get USDA loan how do I know which lenders offer that?

[@ShaheedahHill]

Most lenders offer it, but lenders that work/have offices in USDA areas are usually more familiare with them. www.rd.usda.gov/resources/lenders My USDA interview - kzbin.info/www/bejne/hH6zp39oasuKkKs

[@dizzle.1983]

Should i tell my lender im going to shop other places as well. Will that keep them honest

[@ShaheedahHill]

They will likely see it when they pull your credit. So if you let them know they will give you their best upfront

[@andriaprayer4318]

😂

[@Cecey0000]

Hi Shaheeda where can I find your master class please ?

[@ShaheedahHill]

@Cecey0000 Thanks for watching! Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7

[@Cecey0000]

@@ShaheedahHill Thanks!

[@KamalElfahssi]

Amen ❤

[@user-me892]

In which state does this lady live?

[@ShaheedahHill]

Georgia😊

[@karmelabun1999]

Hey Shaheedah, what's going on with the mortgage interest rates? Do you foresee them decreasing in coming months?

[@ShaheedahHill]

Yes, because the fed is likely to cut rates in September but not dramatically maybe a quarter of a percent or so. The fed meets tomorrow and Wednesday so they can signal a cut and they will lower in anticipation. But remember when rates lower, typically demand increases and possibly prices. Stay tuned!

[@karmelabun1999]

@@ShaheedahHill ok! Thanks for responding! I'm going to try to hold out a little bit longer.

[@ElleBrOw]

@@ShaheedahHillI see prices already inching upwards. Also the buy down your rate was $2500 per quarter early July. Does that sound accurate?

[@alphaomega1351]

Want to make real estate affordable? Get the banks 🏦 out of the picture. Without the debt artificially inflating prices, homes 🏡 would be based on the money 💰 consumers actually save and earn. 😳

[@ShaheedahHill]

@alphaomega1351 Thank you for watching

[@kaywashington7284]

Does this work for someone using a VA loan?

[@ShaheedahHill]

Yes, VA loans do not have set rates, they will vary by lender. @kaywashington7284 Thank you for watching

[@JenniferBeeston]

You 100% need to shop lenders rates and fees. VA are where we see the most predatory behavior. Shop shop shop. Va does not set lender rate or fees

[@earthainniss4906]

My lender get upset when I get quotes from other lenders

[@ShaheedahHill]

Does Target get upset when you price check at Walmart? No, they just find ways to differentiate themselves. Lenders should do the same. Many know their rates are not competitive.

[@OFFICIALBROTHERBOLDLYMUSICTV]

🙏

[@parler8698]

👍🏾

[@ShaheedahHill]

@parler8698 Thank you for watching

[@PersonalBeautyLab]

Someone told me that we only have two weeks when shopping for a mortgage for the pulls to appear like a single one.

[@ShaheedahHill]

That someone may have been correct at the time, it is actually 45 days currently. But since there are different credit scoring models I usually say 30 because you never know you may have a few lenders using really old models. So it you wat to be super cautious 2 weeks is fine. I www.consumerfinance.gov/owning-a-home/compare/request-and-review-multiple-loan-estimates/#:~:text=Homebuyers%20can%20potentially%20save%20%24600,mortgage%20offers%20from%20multiple%20lenders.

[@PersonalBeautyLab]

@@ShaheedahHillthank you so much for the information and taking the time.

[@viviandawson3633]

Agent told me the same ​@@ShaheedahHill

[@andriaprayer4318]

6 is the devil’s number

[@ShaheedahHill]

@andriaprayer4318 Thank you for watching

[@YasirBrown-xd9mh]

YOUR GREATNESS ACTIVATEZ OUR COURAGEOUS CREATIVE COLLECTIVE COLLABORATIONZ 🫡🫡🫡🫡🫡

[@hyoudiebenoit6480]

Hi has anyone ever heard of right of first refusal. My offer was accepted and seller won’t sale the house without the right of first refusal clause . I would greatly appreciate your input .

[@ShaheedahHill]

@hyoudiebenoit6480 Thank you for watching - Are you buying the home with a contingency, do you have a house to sell first?