Buyer Beware - Buying in Today's Market | First Time Homebuyer Tips and Advice

[@richhands5269]

My three favorite channels: Shaheedah Hill, Stock Brotha, & Graham Stephan. Make my week complete! 🔥 🔥 🔥

[@MarcotulioOrosco]

Tienes un❤

[@MarcotulioOrosco]

Lo no se nique desir🙏

[@Karlizfranco]

You’re so knowledgeable, I’m impressed!!! Thank you so much for doing this for real ❤

[@ShaheedahHill]

You are so welcome!

[@brnjones9]

Shaheeda is one of the most honest and best realtors to follow on here. Javier and Kristina Smallwood are the others I follow, too. Great advice between these 3.

[@ShaheedahHill]

Thanks for watching our channels, we appreciate it!!!

[@darhlenebanks4716]

Shaheedah, I appreciate you so much. I wish I had this information when I purchased my home 20+ years. I am definitely sharing your videos with my daughter who will be in the market should the market change.

[@ShaheedahHill]

Please share and thank you so much for supporting my channel🥰

[@TamekaAllen-em3wo]

God bless you for educating us. I’ve done some research on my own, but all the info is overwhelming. I was fortunate enough to come out of my 1st house unscathed (in another state). However, I have been very hesitant to buy here in Houston. Unfortunately, I’ve found many of the real estate agents and builders do not operate in integrity. Your videos are an answered prayer to understanding how to protect myself. 🙏🏾

[@ShaheedahHill]

@TamekaAllen-em3wo Thank you for watching

[@octavia7141]

Thank you Shaheedah for sharing this information with us. I so pray 🙏🏾 that one day I’ll be able to afford to buy my own home. Listening to your channel helps me to prepare 🙏🏾. God bless you and your family.

[@ShaheedahHill]

Thank you so much, God Bless

[@candelariaw1668]

Thank you. I closed almost 3 weeks ago.

[@ShaheedahHill]

Congratulations!!!

[@Docmotivate]

People are going to buy regardless the rates

[@damoneajohnson]

As always the dopest channel in dah world

[@ShaheedahHill]

@damoneajohnson Thank you for watching

[@ladyteenash]

Thank you for your honesty.

[@ShaheedahHill]

Always!

[@mamatosh05]

Hi ladies & gents. Shaheeda, you have a beautiful smile.

[@ShaheedahHill]

Thank you

[@cookies4582]

Dang Shaheeda we missed you sis hope all is well but I was watching all you're old videos because I was waiting for a new live or video and I still missed it😢 but im excited that you're back ❤🎉

[@ShaheedahHill]

Hey, good to see you. I'm back. I'll be live next week as well😀

[@roswell9901]

​@ShaheedahHill Getting pre approved by two to three companies. How does that affect your credit scores?

[@charnamosely372]

Property taxes and insurance are high in Texas

[@TamekaAllen-em3wo]

The high property taxes are another reason I’m hesitant to buy in Texas.

[@Lynn-kr8yy]

Hi Shaheedah, I’ve learned a lot from your videos. You are one of my favorite realtors here!!! I have a question regarding home equity loan, can it be considered as “cash” if I want to buy another property?

[@ShaheedahHill]

Yes, you can purchase with the cash that you borrow as long as your loan will cover the entire purchase price.

[@Thattruckerguy]

2.5 in Cali you better rent that house out and rent in Texas to pay your rent and still have some left over to put to the side

[@ShaheedahHill]

@Thattruckerguy Thanks for watching and sharing

[@claudettealexander5204]

Thanks much blessings

[@rafjones]

Great advice, as usual.

[@ShaheedahHill]

Thanks for watching!

[@amandarice1144]

If your realtor hasn't reached out for a while. Do I need to find a new one?

[@kayanna12]

That happened to me too and I'm definitely getting another. To me that's a red flag

[@ShaheedahHill]

It depends... are you actively looking, or are you waiting for a homes that meet your criteria to come on the market? If there are not a lot of homes that meet your criteria right now, maybe just reach out and suggest you touch base weekly or bi-weekly.

[@makitawingard1447]

​@@ShaheedahHillperfect answer

[@brown_beauty7499]

You're show on here is so good. Very informative! By the way what do you think of D.R. Horton homes? My realtor said they're very efficient. Sounds like she meant to say cheap construction. Am I wrong? Also if I bypass the VA loan with no down payment and use D.R. Horton would I have to come up with a down payment?

[@ShaheedahHill]

I actually live in a DR Horton Home they are one of the largest builders. They do build very quickly so that is what she likely meant, make sure you do your own private inspections. You can do a VA loan with DR Horton Mortgage. I have a new construction bonus in my Masterclass. @brown_beauty7499 Thanks for watching! Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7

[@juxjay7108]

Thanks Mrs Hill for breaking down the real estate steps ! Quick question I just bought a $ 450k property at a rate of 7% with 15% down payment ! Is it a good idea to pay $40k every year on my principal? Thanks

[@ShaheedahHill]

If all of you other financial areas are well funded and you want to pay off your mortgage early, sure. Here is a video about paying your mortgage off early - kzbin.info/www/bejne/Y56XgmaNe9ireaM

[@1-blackcakequeen778]

Blessings to you my sister. I have a very important question. I spoke to one loan officer with regards to the minimum amount needs to be saved. The response was, no minimum amount but the more you have the better. That didn't answer my question. I don't want to use every last dollar I have buying a house. What's your take? Thanks

[@ShaheedahHill]

There is no minimum amount that you need to have in your account. But he is correct, the higher the better because you never know about extra expenses that might come up. If you haven't already please watch this video, it will answer your questions. kzbin.infocpewL4OlpjQ?feature=share

[@1-blackcakequeen778]

@@ShaheedahHill thank you. I finally joined your FB page.

[@debradavis3496]

What is going on in Las Vegas what about our market please give us ur intake thank u 😊

[@derickacunningham6367]

Is it cheaper to build right now than to purchase?

[@ShaheedahHill]

It depends on the price point. - You can watch this video to determine what makes the most sense for you - kzbin.info/www/bejne/sHrZfmqtj82srLM

[@donnasharpe7512]

Hi Shaheda i watched your videos and they are so informative thank you.is 6.875 interest rate a good rate right now

[@ShaheedahHill]

It is lower than average but you need to see if you are paying any points with that rate or is that the par rate. Here is my video on points kzbin.info/www/bejne/l2O3YZRjZcytqdk @donnasharpe7512 Thanks for watching! Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7

[@rosiebeza6264]

From ca, please let me know how the ITIN number works with interest rates, can it be negotiated

[@jasonmcclam1132]

I applied for a USDA loan couple of months back about 6 to be exact and I got denied 4 days before closing because of my rental history could you please explain

[@ShaheedahHill]

Did you have late rental payments? They do check your rental history as a part of underwriting. Before you try to buy next time see if you can work something out with your prior landlord or apartment company. Thanks for watching.

[@paulaprejean9423]

It may be easier to see the questions if you ask everyone to put (Q:) in front of their questions. Example Q: How many years of………?

[@ShaheedahHill]

Great idea...thank you.

[@mr.castillo2310]

Good morning my question is I've put earnest money down on a home but I am getting down payment assistance and the seller is paying all closing costs will I get my earnest money back at closing

[@ShaheedahHill]

Yes, you should if everything is covered with the DPA and the seller contribution.

[@janicedavis3088]

I want to sell some property & I want to do a 1031 exchange. What do you suggest I do? San Pedro, CA.

[@ShaheedahHill]

Get an agent and a 1031 exchange facilitator, they will help you take the money from one home to another. You have to buy again within a certain amount of time.

[@royjohnson9043]

what are the rates today?

[@ShaheedahHill]

www.mortgagenewsdaily.com/mortgage-rates

[@joeclark5689]

Smoky Jack meridian,ms

[@Docmotivate]

Very informative

[@ShaheedahHill]

Thanks for watching!

[@Blessedandhighlyfavor]

Honestly whenever I see these homes for sale I just smh cos these folks are pricking these homes that’s built in the 30s 50s and 90s with full sewer full of duo duo An’t no way I’m buying these . Never homes are way better

[@obaaAkos02]

Lol. Newer homes may be better. However, some people may never become homeowners if they only focus on new build due to higher home price. Additionally, some areas don't have have new built (big cities). At this point most people just want to get their foot in the door to homeownership. You can get a starter home and then move upwards. Your first home don't have to be your forever home. I purchased a home 5yrs that was build in 1920 and now the price have doubled. I'm sitting on 250K profit. If I was only focused on buying a new contraction(which I couldn't affordable / priced out) I will be out of luck. At this point, I think buyers should buy a home they can afford as a starter.

[@buckbeezi6263]

I missed the live but can you answer my question? Why does my Experian credit report say all my credit scores are close to 700, but lenders are telling me my credit scores are mid 600s off of soft pulls. Is it because the soft pull is giving them estimates and they won’t be able to be accurate without a hard pull or is Experian wrong?

[@thepeopleslender]

Lenders us Fico scores as well as you have a mortgage score. Which is different then the scores experians website gives you. Hopefully that helps

[@buckbeezi6263]

@@thepeopleslender my Experian report says it’s a fico 8 score.

[@naahearn]

​@@thepeopleslender Mortgage Lenders use the following FICO Versions. - Equifax FICO 5 TransUnion FICO 4 - Experian FICO 2 Mike Hearn, Exos Mortgage NMLS #169447

[@ShaheedahHill]

All lenders use different FICO models, so it will be difficult to know what they are using but you can ask. They could be using 2, 4 or 5 they may not all be using 8. Keep improving your score, in my experience MY FICO has been the most accurate for members in my Facebook group as far as credit monitoring.

[@buckbeezi6263]

@@ShaheedahHilllol u killing me with this thumbnail 😂😂