1st Time Homebuyers Have No Idea! | First Time Homebuyers Tips and Advice
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- Опубликовано: 17 ноя 2024
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My three favorite channels: Shaheedah Hill, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
Love that saying, " less house more home"
Great video! My wife and I are 28 and 26 and have 25k in savings and are currently in the underwriting phase. All these videos have me scared but I think we should be good since our finances are in order and verifiable 🙏🏾
That is awesome, you should be fine. Congratulations!!!
Shaheedah, I’ve been following and watching you for awhile now. Definitely plenty of gems you drop in every single video. Your knowledgeable info has helped me big time! I closed on my home April 23rd.😁 Your slogan is perfect for what you provide! I got over the hill, and confidently bought my first home! So confident that my agent was surprised I knew so much as a FTHB. 😂💪🏾 You rock!
Congratulations!!! Thank you for bringing me along on your homebuying journey. Many blessings in your new home😊
I just bought my first home and moved 80 miles from my previous home, 90 miles from my job for affordability, I work remotely 4 days a week and had to present a document from my job stating that I only work in the office 1 day a week, what helped me also was a commuter bus travels from a pickup spot 43 miles from my home so I don't drive the 90 miles to get there.
Thank you so much for sharing this...so helpful. Congratulations on your new home!
This is exactly what I ran into. I saved for a good down payment, fico was great, have worked for the same place for 4 years. I called a loan officer that also does educational videos online to double check I wasn't missing anything. All was good until I said the house I wanted to by was in a different town than I worked. I had no clue this would be a deal breaker. I work from home most of the week and drive in once a week. The new house would be about 2 hours away from the office. I'm not officially "remote" but my boss has allowed me to do this. I was so bummed. I have enough saved to buy a house in cash but had hoped to save a lot of that for retirement. But it may have been a good thing with rates right now. I'm 58 so I had planned to pay off the house by retirement anyway. Just have to find a nice house within my budget. Great info!
@johnniejacobs3199 Thanks for watching and sharing
Great advice, and so true! Same with condo financing here in SC! It’s unique in comparison to single-family homes, and lenders often catch primary residence “untruths” LOL.
Thanks for sharing!!
The information you provide is so helpful. Ive been seeking out your videos for the past month, and Im already taking steps for June 2025. Thank you!
You are so welcome! Welcome to the channel😊
@Shaheeda thank you for all you do great information take care
I love your videos. Thank you ❤
Thanks so much, I appreciate you!
TO ALL OF @Shaheeda Subscribers PLEASE READ.
Would you be so kind and take a moment to hit the thumbs button for @Shaheeda to let her know that you appreciate all she do for free to help people to become home owners. Thank you for your support.
Thanks so much Chef!!! You are the best.
Thanks for the great advice
@djdoxblox Thank you for watching
You deserve a stripe for the work you put into your job I’d explaining.
I personally give you a ⭐️ star
@claudettealexander5204 Thank you for watching
They will also send something in the mail, a verification letter and u can't pay the mortgage without that letter, that is their way of verifying residency too. That's what happen to me, even though everything was good with me
@solo.life.travels7215 Thanks for watching and sharing
Good Evening, Shaheedah
Good evening😊
My mortgage with NACA has an owner occupancy requirement for the life of the loan. I can refinance to get out of it, but I got an amazing rate under 1% lol so refinancing will never make sense. The only other option if I ever decide to move on would be to sell or pay off the home.
We'll cross that bridge when we get there, but I purchased a modest townhome as a single person with no kids, I really love my home, but I may need to upsize one day!
Under 1%!!!!! Wow!!!! I’ve never heard of that!!
@@tonylevine2716My timing was very fortunate! NACA typically has below market interest rates, so the base rate was 2.125% when I went through the process on 2020. NACA also has no closing costs or down payment requirement, so I used my savings to buy down the rate, 1.5% reduction.
I have some NACA videos, look under mortgage options playlist or just search NACA
That is a wonderful rate!
Looks like im going to have an issue. So my curent home I plan to allow 2 of my adult children to remain in. The home i plan to purchase will be 2 hours away. Planned on keeping first property as legal residence for better tax rate. My second home will be a manufactured home which is less in taxes. Current job is located near first home. Until i transfer
@astoldbymuriel103 Thanks for watching and sharing, speak with a lender ahead of time and they will help you make the best moves.
Thanks❤❤❤
You're welcome 😊
Hi Shaheedah-what are some savvy questions we can ask the lender and selling agent to get a solid idea about what we should understand before signing anything as 1st time-home buyers-thank you!
Watch these 2 lender videos, part #1 and part #2, then look at my Working with Your Lender Playlist. Lastly, you should get my buyer masterclass.
ruclips.net/video/72nm2rEXJ-M/видео.html
ruclips.net/video/Ma45sfwdIUI/видео.html
🚨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 🚨
In the closing documents (where you sign your life away) there's an occupancy affidavit that states something like the borrower will occupy the property within 60 days and that will be their primary residence....if they're caught lying the lender can call the note. Babyyy, who got hundreds of thousands lying around to pay back upon request?!
@DarknessFalls29 Thanks for watching and sharing
But what if you buy the property and you’re gonna renovate it before you move in? Does that still count. I live in Michigan with my husband. I’m considering buying a home in Kentucky next year that will be my primary residence because I will be moving there, but I wanna renovate that house somewhat prior to moving in so how does that factor in factor in?
That should be ok, the expectation is that you will move in within 60 days. I would just keep my renovation timeline, receipts, etc. Just in case. @andreadouglas8581 Thank you for watching
Good evening g
Hi. Could you clarify if this includes a house you're living in but also plan on renting out a room, thus having a roommate(s)?
As long as you are living there it is fine, roommates don't matter. @blueaqua2122 Thank you for watching
@@ShaheedahHill Great. Thank you!
Just be honest folks. Not worth it. “The love of money is the root of all evil.”
Thanks for watching
Hello where are located??
Dows this also apply to a conventional loan? Work in NY want to locate possibly to NC or SC?
Yes, it does. You will have show employment/remote work or retirement to get an owner occupant down payment and rates. If not, you will have to put a higher amount down and likely have a hgher interest rate.
Or if your a 100% disabled veteran with P&T statuses. You can live anywhere an your income is provable
@penrodautorepair3170 Thanks for watching and sharing
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Thank you !!!
Thank you for another great video. Always explained with such clarity and precision. 💯%. & Blessing .🙏
Thanks so much for the feedback
11 months ago I got a conventional mortgage for my first home, in NY state,,I live in nyc,,they said it didn't effect my rate but I did have to put 25% down instead of 20%
@tucoramirez9729 Thanks for watching and sharing
Most homes in New York do not have garages and driveways. You will have to park your car in the street. lol
@Mr.Bathelus832 that's tru for nyc any place outta the city like mine have garages
@@tucoramirez9729 the silly old man is going by what he sees on TV 😂
@UGC4life people watch TV and actually still believe nyc is wonderful place,,and everyone sits around in coffee shops,, and of course everyone is great looking lol