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☑️ Congrats! I did the same and paid off my car, which unfortunately caused my Fico score to decrease three points. However, 838 is still within an excellent range.
Freshly Debt free and it feels so good !., in my 20s married and plan on staying debt free. 😃Buying a home is our next goal and that's gonna be the only debt I plan on Ever having.
Ms. Hill, I stumbled upon one of your videos the other day and have been hooked on the way you thoroughly explain home ownership. I feel embarrassed to say at almost 50, I've been Ok with renting until now. Rental prices are ridiculous, so now I'm getting my affairs in order to purchase within the next year or 2. Again, thank you for sharing your knowledge and experience. Blessings to you and your family!
Thank you so much for finding me and watching. Don't be embarrassed, great time in life to buy, you have learned so much and know what you want in life. Excited for you!!
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
This is so necessary for everyone to know. How lenders calculate what we can afford is so different from the reality of all our other expenses we have every month. It makes you put a mirror to yourself and hopefully get your other expenses down to the 36 to 40 range
I just wanted to let you know how much your videos are helping me. When I was growing up nobody ever schooled us on this important information. Thanks to you I am really understanding, thank you so much!! Barbara
I appreciate the honesty of this video. So many videos out there around borrowing/financing are about how to game the system and work the angles to end up borrowing more than you should. There's no bias here. Just a straight factual approach and accurate setting of expectations. Well done, Shaheedah.
Thank you! This was clear, straightforward and informative. Looking to build a home next year, so I’m trying to learn as much as I can. You have a new subscriber 😊
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
Me too. Looking to build in January. I was pre-approved for a conventional loan with my credit union & FHA loan with a separate lender in 9/2019 but could not find a house l wanted. I will NOT be house poor so I'm taking my time. It's only me and l have simple taste - 155K is my LIMIT even though l was approved for 230k.. nope. I will not live to pay bills. 💯
This was EXCELLENT and broken down so easily. Now I’m about to be obsessed with calculating and getting that DTI to where I want and need it it to be. I do not want to be told I do not qualify for what I want. I’m determined to get this debt paid off. 😊
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
I was expecting a promotion last year right as the pandemic sort of took off and was hoping to be a first time home buyer in 2020. That has been delayed until now where it seems like my promotion is back on track and your videos are helping me prepare and understand as much as I can WAY before being there, and I always prefer to be prepared! lol So, thank you so much for your videos explaining all these details and things about what a person can afford for their salarry!
I love your video on downpayment, fees (I didn't realize) and closing costs. That should be part of your real estate bible. I pull that up often to check myself. That's real talk. Keep doing the work. it's helping me identify where and what I need to look be aware of. Excellency.
I am so happy to have found this channel. Cause I was wondering if I should buy or pay a couple off high interest CCs first. But this should help me make that decision since I am trying to stay below that 50 %
Thank you so much!! This is a huge help I’m currently debt free but the thought of possibly regaining debt gives me anxiety but I’m going they the house buying process right now.
U are the best ,if u were ever in Florida, u would definitely be my realtor, no ifs, or buts u are a teacher by heart , I got so much information from u about preparing for my house, thank u for your knowledge.
I appreciate this video so much. I have a question, when calculating my current debt, should I include what I am currently paying for rent/utilities associated with my current residence?
When calculations for dti on conventional they only take in payments rather than the 1% rule like FHA? Also, what If you are still in school for a graduate degree is your student loan taken into account still in dti?
Tell me. My son makes approximately $80,000 and was hold that he pre-qualified for only $250-270. He has only one credit card with a balance of $2000 and credit rating of 780.00. Does that seem right to you that he would prequalify so low? His credit age is 7 years!
YOU are simply THE BEST The Lord is pleased because what your doing is PURE MINISTRY empowering HIS people!!!! May HIS Miracles & HIS blessings continue to fall unto you & yours my sistah
THIS WAS AMAZING AND HELPFUL!!! I subscribed, the way you explained it was 10x easier than any video i watched and it showed me to go into this with little to no debt, especially ones i could avoid doing like car payments. Oh and youre black, have to support! Thank youu so much
I just recently paid off all my debt by following the Dave Ramsey principle. I make 70k a year and looking to buy a house. I came across this video and Wow, thank you soo much for explaining how DTI really works. Love your channel btw. You earned my SUBSCRIBED! 👏👌
Hi Mrs. Hill! Thank you for your informative videos. I've learned so much about the home-buying process. I am a loyal subscriber and I will recommend your channel to anyone I know who is looking to buy a home.
Because you will pay your mortgage once a month and most bills are due on a monthly basis, your should use 12. You should add all your income & debt you have in a month. In the description there is a link to a DTI ratio calculator. Here it is - www.bankrate.com/calculators/mortgages/ratio-debt-calculator.aspx
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No only debt payments where you have borrowed money with the exception of child support or alimony payments- they do include those payments. They do not include any utilities, cell phone, cable, daycare, etc. That is why they don't want the ratio to be that high because lenders know you have other monthly expenses. Great question and thank you watching!
I appreciate this video so much I am trying to buy a house. I am getting so much information and it’s overwhelming. Right now I am trying to gain knowledge and you are doing that for me. Thank you for that.
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You are so detailed. The crazy thing about this is that some people pay so much I rent so to have to go through so many calculations must frustrate those that pay way more than they would pay on mortgage.
Yes, next Wednesday for sure. It is stopping some people from qualifying because of the high overall balance, but I will discuss some alternative options as well. Thank you for watching!
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
Are the banks including homeowner insurance and property taxes with the monthly mortgage payment they will offer to you? Or is this just including the house payment?
They will include homeowners insurance, property taxes and private mortgage insurance(if you put down less than 20%). The Bankrate mortgage calculator will included everything except PMI. In some cases PMI could raise your payment another 100-200 per month. Great questions, thanks for watching!
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debt to income ratio is a real thing lol. Imagine my husband and I make decent money, both credit scores in the 700s YET because of that 600 car payment they wanna loan us a crap amount talking about we looking at a 1800 mortgage....ya we rather rent in a great area for 1600 a month smh, now we are able to make the car payment lower but not gonna look to buy until 2 or 3 years from now.
Where do you live? My mortgage is 1,725 a month and I have beautiful 4 bedroom / 2 bathroom home with a little over 2,000 square feet. In DFW you can get real nice home in that price range.
Looking at gross income is so flawed in my opinion and they should be looking at your net income instead. Health care costs come out of my gross income and so does my 401k and that is about $500 plus taxes before I spend a dime.
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Why do banks use the Gross income, instead of net income...Because you don't bring home the Gross amount...So it seems misleading on what you truly can afford?
They should look at take home, but they look at gross, they are able to lend more and charge more interest. So it is up to the borrower to know what they can truly afford, I would recommend going over 25% of your take home pay.
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It not impossible, but the mortgage payment would have to be probably about $500-600, depending on where you live a home in that price range may be difficult to find. I did have a client that was able to find a town home in metro Atlanta for $97K this summer and her payment was $686. She used down payment assistance, so she financed about $89,000.
The Real Realtor - Shaheedah Hill Real Estate I'm assuming it was some sort of fixer upper? Can you get down payment assistance if you use a construction loan?
Shaheedah Hill Real Estate thank you so much for your quick response. I’m currently saving to purchase a house next year. (Hopefully). I’m paying off my car this year, all my credit cards are paid off, and I’m starting to work on my student loans which are only about $7000. Thank you for taking the time to educate your people. You have no idea the impact you are making on the black community with your videos. 😘
Thank you we are preparing for buy a home I hope in one more year I live and California with house prices skyrocket my debt to income is %15 but with a payment of $1,800 goes to %49. We don't want to push it🙏
Thank you! This solidified what I was concerned about. I would have been in way over my head! And the mortgage banker was helping me into the deep water.
Moving my fam from OC Ca. to either Wisconsin (Fox River area) or Minn (Twin Cities area) end this school yr, and will be our 1st home. Your vids have been so helpful in understanding what lenders are looking for and what I can afford. Living in S Cali we never really thought about home ownership because of the insane housing prices here. Seeing what houses go for in the Mid west and your vids info, I'm sure we can find a lovely safe home that we can afford to raise our fam. Silver lining of the terrible pandemic, my wifes job has become completely remote making all this feasible. Liked and subscribed!
Thank you so much for all the information that you put out. Buying a home can be intimidating, especially when you don't know what to do. Your information really claimed me down and helped me to enjoy the process.
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Gold! No other word to explain it. This is a huge help
Thank you!
Right!
U are a brilliant teacher and u are wonderful 👏
This is a good example of why the last 6 months I have been paying off all my debt.. shit is working.. Only my car note left!
Keep going kk
Congrats bro keep it up
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
☑️ Congrats! I did the same and paid off my car, which unfortunately caused my Fico score to decrease three points. However, 838 is still within an excellent range.
This statement is my current MOOD.
Freshly Debt free and it feels so good !., in my 20s married and plan on staying debt free. 😃Buying a home is our next goal and that's gonna be the only debt I plan on Ever having.
Congratulations, Sis!
Congratulations 🎊
Yes!!! I couldn't agree more 🙂
This woman is a national treasure. Many thanks!
Thank you🙂
This is the best explanation of DTI I've ever seen on UA-cam! Thanks
Thank you that made my day😀
2nd that
I agree. Thank you!
Literally over here crying at the fact that $200K was $1250/ month in 2020!
This is my target 🎯 payment and now it's 1800 range. ,🤦🏿♂️
Ms. Hill, I stumbled upon one of your videos the other day and have been hooked on the way you thoroughly explain home ownership. I feel embarrassed to say at almost 50, I've been Ok with renting until now. Rental prices are ridiculous, so now I'm getting my affairs in order to purchase within the next year or 2. Again, thank you for sharing your knowledge and experience. Blessings to you and your family!
Thank you so much for finding me and watching. Don't be embarrassed, great time in life to buy, you have learned so much and know what you want in life. Excited for you!!
Thank you for supplying so much valuable information FREE!!! This video was a gold mine for me!
Thanks for the feedback Bridget!
so much easier to pay off everything before getting a mortgage pay off credit cards and pay off your car pay off everything that has interest.
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
This is so necessary for everyone to know. How lenders calculate what we can afford is so different from the reality of all our other expenses we have every month. It makes you put a mirror to yourself and hopefully get your other expenses down to the 36 to 40 range
Thanks for watching!
Great example of why you need to know your numbers before you even start looking at houses. Thank you for the video
Glad it was helpful!
I just wanted to let you know how much your videos are helping me. When I was growing up nobody ever schooled us on this important information. Thanks to you I am really understanding, thank you so much!! Barbara
I'm so glad you found me, thank you for watching!
I appreciate the honesty of this video. So many videos out there around borrowing/financing are about how to game the system and work the angles to end up borrowing more than you should. There's no bias here. Just a straight factual approach and accurate setting of expectations. Well done, Shaheedah.
Thank you for watching and such thoughtful feedback. I really appreciate it.
Thank you! This was clear, straightforward and informative. Looking to build a home next year, so I’m trying to learn as much as I can. You have a new subscriber 😊
Glad it was helpful! #homeowner2021!
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
Me too. Looking to build in January. I was pre-approved for a conventional loan with my credit union & FHA loan with a separate lender in 9/2019 but could not find a house l wanted. I will NOT be house poor so I'm taking my time. It's only me and l have simple taste - 155K is my LIMIT even though l was approved for 230k.. nope. I will not live to pay bills. 💯
This was EXCELLENT and broken down so easily. Now I’m about to be obsessed with calculating and getting that DTI to where I want and need it it to be. I do not want to be told I do not qualify for what I want. I’m determined to get this debt paid off. 😊
Get obsessed😀. Thanks for watching!
With determination and God's grace u will
This channel will be a reference point for many generation to come.
Thanks for watching!
I am 100% recommending your videos to anyone I come across that’s looking to buy their first house like me. Super helpful!
I really appreciate that! Thank you😊
Thank You! The on-line calculator was easy to use.
Glad it helped!
This video is very informative and in latent terms that I can actually understand! You have taught me so much. Thank you for making videos like this!
Thank for watching and the feedback!
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
Thanks for talking clear direct and thanks for not having a long personal talk about self intro like sooooo many other videos .....✅
Thanks so much for watching
I Love you Mrs. Hill 💕 Thank you so much for this… it was straight to the point! On my Journey to purchase my first home!!
Thank you - Love you too!
You are the guru of real estate!
Thanks😊
Great Vid! Finally understand how to calculate my DTI! Thanks.
Thank you for watching and I also attached a link to a calculator. 😊
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
This is officially my favorite Channel she doesn't only do what she does for a living i honestly believe she loves what she does.
Thank you and yes I do 😊
I was expecting a promotion last year right as the pandemic sort of took off and was hoping to be a first time home buyer in 2020. That has been delayed until now where it seems like my promotion is back on track and your videos are helping me prepare and understand as much as I can WAY before being there, and I always prefer to be prepared! lol So, thank you so much for your videos explaining all these details and things about what a person can afford for their salarry!
Thank you for watching and everything in due time, sorry about the delay.
I just wanted a simple explanation of DTI and thank you!!! This was perfect and understandable!
Glad it was helpful!
Thank you for explaining this info. You are GREATLY appreciated. Blessings beloved 🥰
Thank you ! This was so helpful in figuring out where I stand.
Thank you
This was definitely the most helpful video out there about the topic. Thank you!
Thanks for the feedback and for watching!
I love your video on downpayment, fees (I didn't realize) and closing costs. That should be part of your real estate bible. I pull that up often to check myself. That's real talk. Keep doing the work.
it's helping me identify where and what I need to look be aware of. Excellency.
Thanks so much!
I am so happy to have found this channel. Cause I was wondering if I should buy or pay a couple off high interest CCs first. But this should help me make that decision since I am trying to stay below that 50 %
Wow this is amazing help. Thank you! I got some more money work to do and glad I found this video ❤
You're so welcome!
Love how you explained this so clearly!
She is really good explaining this
Thank you so much!!
Thank you so much!! This is a huge help I’m currently debt free but the thought of possibly regaining debt gives me anxiety but I’m going they the house buying process right now.
Your house is really is a debt that you shouldn't feel bad about. Do your research and for it!
U are the best ,if u were ever in Florida, u would definitely be my realtor, no ifs, or buts u are a teacher by heart , I got so much information from u about preparing for my house, thank u for your knowledge.
This is gold!
👏 Amazing, thanks for sharing. So explicit
My pleasure, thank you for watching.
I am currently assigned a MC for Naca and we are yet to meet. This infor will certainly help.
God, I love this girl!!
Thank You. Will be looking into it tomorrow!
Also I am on a income driven student loan repayment plan and thankfully that’s my only debt! But now that 1% might hinder me 😳
I’m buying my house this year! Thanks for your help.
You've got this!! @WanderlustDeanna Thank you for watching
Really appreciate this video!! Learned ALOT and it made me feel that much more confident in my journey of buying my first home.
Thank you and best of luck!
I’m a teacher. You did a great job explaining this👍
Awesome! Thank you! Me too...I was for 14 years☺️
I appreciate this video so much. I have a question, when calculating my current debt, should I include what I am currently paying for rent/utilities associated with my current residence?
No utilities, no rent. Just include your anticipated mortgage payment instead. Thanks for watching!
Your channel is so helpful and informative. Thank you.
You are so welcome!
www.bankrate.com/calculators/mortgages/ratio-debt-calculator.aspx
When calculations for dti on conventional they only take in payments rather than the 1% rule like FHA? Also, what If you are still in school for a graduate degree is your student loan taken into account still in dti?
Why not use 52 weeks, instead of dividing by 12
Tell me. My son makes approximately $80,000 and was hold that he pre-qualified for only $250-270. He has only one credit card with a balance of $2000 and credit rating of 780.00. Does that seem right to you that he would prequalify so low? His credit age is 7 years!
Now when you say debt does that include my usual utilities payment and rental payment?
Hello I live in pa and we planing on buying in nj do we have to apply for the loan in pa or nj thanks in advance
You are a blessing!!! Thank you for the education.
You are so welcome
Great information! Thanks
Thank you for watching!
I am 'learning different' and... I just LOVE you... you are so CLEAR.
FABULOUS... (ty, from a happy brain!)
Wonderful, thank you for much for the feedback😊 and thank you for watching
YOU are simply THE BEST
The Lord is pleased because what your doing is PURE MINISTRY empowering HIS people!!!!
May HIS Miracles & HIS blessings continue to fall unto you & yours my sistah
Amen and thank you for the blessing and kind words!
A very nice detailed explanation. Helpful!
Thanks for watching!
This is very helpful... but here in California, the cheapest houses you can buy are at least $600,000.00. 😞
Not in Bakersfield and many other cities within CA
Not in Fresno, Stockton, and many others
THIS WAS AMAZING AND HELPFUL!!! I subscribed, the way you explained it was 10x easier than any video i watched and it showed me to go into this with little to no debt, especially ones i could avoid doing like car payments. Oh and youre black, have to support! Thank youu so much
I just recently paid off all my debt by following the Dave Ramsey principle. I make 70k a year and looking to buy a house. I came across this video and Wow, thank you soo much for explaining how DTI really works. Love your channel btw. You earned my SUBSCRIBED! 👏👌
Thank you, I appreciate that. Congratulations off your debt .. great job!
Hi Mrs. Hill! Thank you for your informative videos. I've learned so much about the home-buying process. I am a loyal subscriber and I will recommend your channel to anyone I know who is looking to buy a home.
Thank you so much, I really appreciate that.
How about car insurance ($200), cell ($75), gym memberships ($25)? That for me is an additional expense that must be paid monthly
They only look at debt. Instances where you have borrowed money. The exception is child support or alimony payments. They will count those.
Good Day. So, Utility bills are excluded ?
Thank you I understand better. This is why I was told I needed revolving credit because my DTI is so low.
Thank you for watching and subscribing
Question is dividing your income by 12 accurate? I’ve been taught to divide it by 26 or 52... depending on your pay frequency.
Because you will pay your mortgage once a month and most bills are due on a monthly basis, your should use 12. You should add all your income & debt you have in a month. In the description there is a link to a DTI ratio calculator. Here it is - www.bankrate.com/calculators/mortgages/ratio-debt-calculator.aspx
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
Would they also consider things like Cell phone and Cable bill?
No only debt payments where you have borrowed money with the exception of child support or alimony payments- they do include those payments. They do not include any utilities, cell phone, cable, daycare, etc. That is why they don't want the ratio to be that high because lenders know you have other monthly expenses. Great question and thank you watching!
Internet, cable, cell phone, energy bill all add up to a significant amount per month.
I appreciate this video so much I am trying to buy a house. I am getting so much information and it’s overwhelming. Right now I am trying to gain knowledge and you are doing that for me. Thank you for that.
Thanks for watching and welcome to my channel!
Thanks for recommending this video. If you have a 0 balance on your credit cards do they still count the minimum payment?
No they only count a payment if that card has a balance.
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
You are so detailed. The crazy thing about this is that some people pay so much I rent so to have to go through so many calculations must frustrate those that pay way more than they would pay on mortgage.
Ready for student loan payment video 💚
Yes, next Wednesday for sure. It is stopping some people from qualifying because of the high overall balance, but I will discuss some alternative options as well. Thank you for watching!
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
Your amazing, this was so easy to follow.
Thank you so much!
Are the banks including homeowner insurance and property taxes with the monthly mortgage payment they will offer to you? Or is this just including the house payment?
They will include homeowners insurance, property taxes and private mortgage insurance(if you put down less than 20%). The Bankrate mortgage calculator will included everything except PMI. In some cases PMI could raise your payment another 100-200 per month. Great questions, thanks for watching!
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
obsessed with this channel man! no where else to go to get my answers. she teaches it perfectly!
Thank you, I appreciate that!
debt to income ratio is a real thing lol. Imagine my husband and I make decent money, both credit scores in the 700s YET because of that 600 car payment they wanna loan us a crap amount talking about we looking at a 1800 mortgage....ya we rather rent in a great area for 1600 a month smh, now we are able to make the car payment lower but not gonna look to buy until 2 or 3 years from now.
Yes, a lot of people are denied or cannot qualify for the kind of house they want because of car loans or student loans.
Where do you live? My mortgage is 1,725 a month and I have beautiful 4 bedroom / 2 bathroom home with a little over 2,000 square feet. In DFW you can get real nice home in that price range.
Sell your car and by a cheaper one. $600.00 car payments are ridiculous
Looking at gross income is so flawed in my opinion and they should be looking at your net income instead. Health care costs come out of my gross income and so does my 401k and that is about $500 plus taxes before I spend a dime.
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
I am so glad I came across your videos. Knowledge is power and you are breaking this thing down so plainly!
I appreciate that, thank you for watching.
Why do banks use the Gross income, instead of net income...Because you don't bring home the Gross amount...So it seems misleading on what you truly can afford?
I think that's how people are house poor. They didn't do the numbers for themselves and just borrowed the max amount they were approved by the bank.
They should look at take home, but they look at gross, they are able to lend more and charge more interest. So it is up to the borrower to know what they can truly afford, I would recommend going over 25% of your take home pay.
Contact hacklord on stefangriffin500@gmail.com, text me on Whatsapp +17178276321 , he's good and expert in a credit score fix, credit card hack and bank hack , ask him more details about loan,pays loans,paypal and western union included..
Because you can't cancel those monthly charges or file as exempt.
Love you ❤thanks for all the videos! Amazing
Thanks for watching!
I'm guessing I can't make no house payments with 22k a year right lol no debt only a personal loan $123 a month
It not impossible, but the mortgage payment would have to be probably about $500-600, depending on where you live a home in that price range may be difficult to find. I did have a client that was able to find a town home in metro Atlanta for $97K this summer and her payment was $686. She used down payment assistance, so she financed about $89,000.
@@ShaheedahHill wow ok thanks for the info I live in New York city it is kinda expensive might just have to get out my comfort zone😊
@@roxannescott6956 a studio or 1Br coop or condo would be good for you, even getting a part time gig helps
The Real Realtor - Shaheedah Hill Real Estate I'm assuming it was some sort of fixer upper? Can you get down payment assistance if you use a construction loan?
@@TheBlackDorothyZbornak thanks you're right
Very, very insightful thank you!!!
You are so welcome!
What if all my credit cards are paid off but I just have them open. Is that still factored into my DTI?
No only card that have a balance.
Shaheedah Hill Real Estate thank you so much for your quick response. I’m currently saving to purchase a house next year. (Hopefully). I’m paying off my car this year, all my credit cards are paid off, and I’m starting to work on my student loans which are only about $7000. Thank you for taking the time to educate your people. You have no idea the impact you are making on the black community with your videos. 😘
Thank you we are preparing for buy a home I hope in one more year I live and California with house prices skyrocket my debt to income is %15 but with a payment of $1,800 goes to %49. We don't want to push it🙏
I totally understand. Keep saving - the real estate market shifted so quickly. Hopefully it will allow some new opportunities soon.
Wow this helped so much! Thank youuuu so much !
Thanks for the info and the debt calculator!💃🙂👏
You are welcome!
Awesome video. I just followed your steps and did this formula on paper and it made total sense.
So glad to hear! Thank you for watching!!
Easiest breakdown on UA-cam.
Thanks, I appreciate that🙂
Finally makes sense. Thank you!!!
Great, so happy this helped!
Wow Love it. This is very good stuff. Thank You Thankk You
You're very welcome
Good stuff. Thanks for the help.
Thanks shaheedah for all your help love all your videos…!!
My pleasure 😊
@@ShaheedahHill ❤️
Love the way you broke that down
Thank you! This solidified what I was concerned about. I would have been in way over my head! And the mortgage banker was helping me into the deep water.
Thanks for watching!
Thanks so much for this very informative video.
You are so welcome!
This was so informative! Thank you so much! So, my thought is if I pay off all my debt minus the student loans, my DTI should be relatively, correct?
Thanks for watching. The more debt you pay off the lower your DTI.
Awesome video on calculating DTI!
Thanks!
Moving my fam from OC Ca. to either Wisconsin (Fox River area) or Minn (Twin Cities area) end this school yr, and will be our 1st home. Your vids have been so helpful in understanding what lenders are looking for and what I can afford. Living in S Cali we never really thought about home ownership because of the insane housing prices here. Seeing what houses go for in the Mid west and your vids info, I'm sure we can find a lovely safe home that we can afford to raise our fam. Silver lining of the terrible pandemic, my wifes job has become completely remote making all this feasible. Liked and subscribed!
Excellent thank you, yes remote work opens up so many new possibilities, thanks for sharing!
Thank you so much for all the information that you put out. Buying a home can be intimidating, especially when you don't know what to do. Your information really claimed me down and helped me to enjoy the process.
You are so welcome, thank you for watching.
So helpful!! Thank you
Glad it was helpful!
THANK YOU SO MUCH MUCH NEEDED INFO!
Thank you so much for this information ♥️
New Subscriber here ☺️
You’re welcome 😊 and weclome to the channel!
Awesome!!! Thank you 😊
You are so welcome!
Awesome!!! Thanks much for the info!! God bless you more!
You are so welcome. Many blessings to you as well.
Very straight foward, loved it thank you..😍🤗
Thank you for watching!
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OMG! Excellent information! I love this channel!
Thank you!
Thanks so much for making it THIS crystal clear. Been wanting to buy a long time but I can’t seem to get anyone to explain this to me beforehand.
Thanks for watching and for the feedback😊
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Thank you im going to work mine out today
You broke it down so well. Thank you so much. Very informative.
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