3 Lessons First Time Buyers Must Know for 2024! First Time Homebuyer Questions Answered LIVE

[@juss.themessenger]

Shaheedah, you are so appreciated for all your hard work and keeping us informed. Many blessings to you!

[@ShaheedahHill]

Thank you! You too! 🙏🏽

[@Sheneededherown]

As always a wealth of information, thanks for sharing! I hope all is well.😊

[@byamukamaoliver966]

This lady is the best ....love her ideas

[@ShaheedahHill]

@byamukamaoliver966 Thank you for watching

[@shorty038]

Hi Shaheedah. Thank you for educating us and helping us become more informed before making the biggest purchase of our lives! I appreciate you and your channel.

[@ShaheedahHill]

@shorty038 Thank you for watching and I appreciate you!

[@dinar471]

Ugh, I can’t afford anything in my State (NJ) lol but since I work remotely I can live anywhere, so I may need to explore renting for a little bit out of state to get a feel for the area before buying.

[@diamond33]

I understand the insurance will go up when the home value increases but if the value goes down will the insurance decrease

[@ShaheedahHill]

Yes, it should. As well as property taxes. If the the lender over estimates you will get a refund. Here is the video that I did on the topic - kzbin.info/www/bejne/g4SxaWmkhd-pqrM

[@SheilaMackey-v8t]

Thank you

[@levygonzalez9566]

Thank you for this, I really appreciate it.

[@ShaheedahHill]

You're very welcome!

[@NewYorkYankees1]

If you ask for a higher rate for closing credits. How long will it take to recoup that before it hurts you? Could you refinance to lower rate after. What's a win win situation? Will need to apply for DPA and closing assistance already.

[@ShaheedahHill]

Good question, you will need to use a break even calculator to determine how long that would take and here is my refinance video, it discusses breaking even. kzbin.info/www/bejne/hH_FqqOOrc97npY

[@SheilaMackey-v8t]

Good information

[@emmanueljean-charles4580]

Hmmm. Floating is not that easy as you think. And switching lenders 15 days before closing date, can put the borrower in serious distress.

[@ShaheedahHill]

@emmanueljean-charles4580 Thank you for watching , its not impossible either. In my experience when lender #1 know you are leaving they will match the other lender's rate. The main point of the video is for buyers to know they have options. I always recommend at 3 pre-approvals so if you have to make a switch you are not starting from scratch. @emmanueljean-charles4580 Thank you for watching You will be surprised how many lenders do not even discuss the rate lock process with clients.

[@Iamcherese]

Thank you!

[@ShaheedahHill]

You're welcome!

[@NewYorkYankees1]

What determines the rate? Credit score, down payment etc? My credit scores are 800s. Need DPA and closing assistance as 1st time buyer.

[@ShaheedahHill]

All those play a part in the rate offered to you, but I would say the over all financial market plays the most part. If the average rate is in the 7% range, just because you have credit score in the 800s will not get you a 5% rate you will just get a better 7% rate. @NewYorkYankees1 Thank you for watching

[@truejoygamechanger6514]

Hi Shaheedah I am a first time Home buyer, I brought my house in Fayetteville NC.in2023 I pay my mortgage biweekly 343,45 , half go's to the premium is that a good move,

[@ShaheedahHill]

It is a good idea, as long as your other financial goals are taken care of, please watch this video - kzbin.info/www/bejne/Y56XgmaNe9ireaM

[@SheilaMackey-v8t]

What credit company do lenders used the most? For loans

[@ShaheedahHill]

All 3 and they use the middle score....

[@SheilaMackey-v8t]

Greetings

[@Jesusismysavior-d9d]

Question. I have 4 credit cards and never left a balance, and I have a great credit score 785+ but I have no other form of credit mix, like a car loan etc. Would that affect my application for a mortgage loan since I don't have a credit mix???

[@ShaheedahHill]

No they will just use your overall credit score. I would not take out any additional credit. You are doing great! @jesusismysavior844 Thanks for watching! Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7

[@ItsKourtneyyy]

Hi Shaheedah can you make some of your lives at 7pm? I get off at 6 and missed it wrapping up some work tasks 😅

[@ShaheedahHill]

Hi starting in 2024 I will likely push my lives back to 7pm to allow more people to join that are getting off work and joining me from the west coast. thanks for the suggestion and hope to have you on my lives soon.

[@lorrainedawson7115]

I tried purchasing out of state 4 hours away with an conventional loan they wanted me to pay more than what was first said which was 7,500 anyway topay less

[@ShaheedahHill]

@lorrainedawson7115 Thank you for watching

[@yvette3831]

You look so beautiful!

[@ShaheedahHill]

thank you!

[@naahearn]

Many of my wholesale lenders actually will accept Conventional appraisal transfers.

[@ShaheedahHill]

Good to know!

[@naturalsouthernbelle4327]

Question. Im planning on going through NACA for my mortgage. I have a joint account with my ex husband only to be able to receive child support monthly. This child support is not court ordered and is the same amount he transfers every month to that account. Do I have to disclose this 1 account which is at another bank to NACA or need a LOE for it? My bank is with Chase.

[@ShaheedahHill]

If you want to use the income to qualify, and if there is an income limit you will have to disclose.

[@NewYorkYankees1]

Do you have a referral for lender and agent in California (Monterey County)

[@ShaheedahHill]

I don't have a lender referral per se but I have done some recent videos with Kevin Jefferson and if you email me I can get you an agent referral for California. www.youtube.com/@thepeopleslender/featured

[@NewYorkYankees1]

What is your email address? Question: I applied for home loan and was approved for 300k. I asked for the rate and got this response: I have you pre-approved at 6 5% but that is NOT locked. We can't lock you rate in until we have a contract for a house. I have not done any shopping for you through our 70 lenders yet. I will do that when we can lock the rate and fees. The 6.5% is just making sure your debt ratio is in line. Let me know if you have any questions. Thanks. What does this mean?

[@jesusorona1362]

I paid the money for the master class. I didn't see it all. How do I find it?

[@ShaheedahHill]

Email [e-mail] with the email address used at time of purchase and we can help you find it. Thank you for your purchase.

[@SheilaMackey-v8t]

Second watching you on Facebook

[@ShaheedahHill]

Thank you for watching and welcome to the channel!

[@cathykwardeng7428]

Do u think next years will be a good time to buy a home

[@ShaheedahHill]

Rates will likely be lower but there will be more competition. So get in when it makes financial sense for you.

[@urahotmess]

So mad I missed the live 😢

[@ShaheedahHill]

I'll be live again December 21st, hope to see you then. In 2024 I will likely move lives to 7pm so more people making it home from work and on the west coast can join. Thank you!

[@sonyathompson1381]

Are you in Atlanta

[@ShaheedahHill]

Yes

[@SheilaMackey-v8t]

1-11-24

[@naahearn]

[@ShaheedahHill]

I know😊

[@SheilaMackey-v8t]

Hi,Kevin I sent you a email 2 days ago

[@ShaheedahHill]

Give him some grace... 😊@thepeopleslender Hopefully he saw your message but...he did switch companies...here is the updated info: [e-mail]

[@NewYorkYankees1]

I cant afford the master class 😢 poor people would probably benefit from it most. I can't afford 97 dollars.

[@ShaheedahHill]

I'm sorry to hear that, my channel videos are free and I have a free FB group and I go live often. My masterclass is just everything organized for the first time buyer, so they know what they need to look for in each step and not make expensive mistakes. Never think of not being able to afford, you just are choosing not to allocate your funds to the masterclass and that is fine. Sometimes it will cost you more trying to figure out everything on your own. If you can afford a house, you can afford my masterclass for sure😊.

[@SheilaMackey-v8t]

Homestead exemption for reducing ur taxes