Should You Buy House in 2024? First Time Homebuyer Tips and Advice
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- Опубліковано 30 вер 2024
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⭐NACA Home Buying Program - • NACA | NACA Program | ...
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⭐ Get Your Real Estate License Online- • How to Get Your Real E...
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Hi Shaheedah, I wanted to let you know on 12/29/23 I closed on my first property. #Homeowner. I started watching your channel in March of 2023 and watched faithfully. I took notes, searched your videos, and used your suggested websites. I must say thank you!!!! Happy New Year in 2024🎉!
Happy New Year!!! Thank you so much for bringing me along on your journey. Many blessings in your new home.
Thank you for all you do for our community Shaheedah!
Thanks so much, I appreciate that.
Howdy, So I noticed I can get more house with paying off a debt rather then making a large down payment.If I leave 10 months on the debt would it be better due to credit scoring?
Good evening Shaheedah. I thank you for sharing and teaching everyone. I truly appreciate all your videos. I am from Hackensack, NJ.
@leepaul6292 Thank you for watching
Good afternoon 0:20
From Boston 1:36
I know I say this all the time but I can’t tell you how many of your videos and lives I have watched although it’s now 2024. I am so thankful for the information you provide go ahead and write the book write the book.
I guess I do need to write a book. Thank you for the encouragement 😊
You recommend 3 quotes for mortgage rates. Will your credit score take a big hit?
No
Same hit of 1 equal multiple if all pulled done within 14 days or so
No it will not, watch this video - I break it down, explaining why is doesn't ua-cam.com/users/livecpewL4OlpjQ?feature=share
Half way through 2024 , buying a house will be the least of everyone’s concerns.
@TJ5RandomThoughts3223 Thank you for watching
Hi there-do you have any videos thay touch on those who are self employed and how much work history or income lenders like to see?
Not specifically, I just answer usually during my lives, but Kevin does, he is a lender I have on my channel from time to time:
ua-cam.com/video/6A3yd_S3U_0/v-deo.htmlsi=keJ29_ftt_V4WWzh
ua-cam.com/video/_t0RoEzhLqQ/v-deo.htmlsi=a3xSk1HqTeuNPaC8
@@ShaheedahHill thank you!
Not only the right program, but within it being on the correct repayment plan. That was part of the issue in the very beginning, when people thought their loans were to be discharged after fulfilling the requirements, only to find out after all that time invested, that they weren't because they were enrolled in the wrong repayment plan. It was heartbreaking to hear. Mine were discharged in January having worked in public service in different capacities🙏🏽. Starting my home search soon🤞🏽 because this market right now 😮💨?!?
@marie2511 Thanks for watching and sharing
@@ShaheedahHill Anything to help someone else because I know it can be frustrating!
The $300 increase is what I’m scared of for 2024, as the builder only paid taxes on the land I believe. If the value goes up by almost $120k, which will increase my overall taxes will I see a significant payment increase next year in my payment? This is how they get people I feel. I think the biggest scandal is when everyone was saying it’s cheaper to own then rent. That simply wasn’t true with these home prices and adding in taxes and home owners insurance.
It will likely go up, I usually tell my clients to have the lender estimate the taxes with the property completed, but many of my first time buyers want to pay that lower amount...but I tell them..don't be shocked when that escrow account is short. You will be fine. Here is a video I did about it - ua-cam.com/video/MSN86nPzvtQ/v-deo.html
Happy Holidays Shaheedah! Thank you for all the real estate advice. My daughter was trying to buy a condo in Norcross, GA but the inspection showed that it needed a lot of repairs and the seller didn't want to come down on the price so she pulled out should she had paid for the appraisal and go from there? Or did she do the right thing by walking away?
I think walking away was probably for the best, in the future have her negotiate everything in the due diligence period so she does not pay for an appraisal if she may not go forward with the sale. She will have to pay for another inspection, but often if she uses the same inspector they will give her a deal on inspection #2. Have her watch these 2 videos - one on condos and the other on inspections, and get her my masterclass if she is not already under contract again. ua-cam.com/video/ctNTnIt7yLA/v-deo.html and ua-cam.com/video/HFx8GNY93vk/v-deo.html
@AA-zp5uf Thanks for watching!
Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7
Love your videos. So well done. And you're sharing great information. Thank you!
Thanks so much!
Whew! This was a good one! I feel like a good student of yours at this point when I know some of the details to answers you give to people's questions! I feel like I have an extra advantage being a GA resident! Signing up for that Masterclass, because, your info and delivery and presence is top tier!
Awesome! Thank you, let me know what you think.
What's the advantage of putting down 20% please enlighten me!
The main advantage is that with conventional loans you will avoid paying mortgage insurance. Mortgage insurance is insurance for the lender if the borrower defaults. There is more risk for people that put less down.
Hi Lazara from Palm Harbors, Florida I’m so interested in buying in 2024
@lazaraluna9583 Thank you for watching
I have a question but I need to talk to somebody what kind of hard for me to explain by text. If someone can help me please
@alnett22 Thank you for watching Post in my FB group facebook.com/groups/HillsFirstTimeBuyers
Thank you for all you have shared, the breakdowns, data, and knowledge for us first-time homebuyers. Have a wonderful Christmas and a Happy New Year!
See you next year!🏡
-Charlanda
Thank you and happy new year!
Will like to ask about that new Fannie ma program that just pass on Nov 13
Fannie Mae allows 5% down payments for owner-occupied 2-, 3-, and 4-unit (multifamily) homes. This is a surprising reversal of the years-long policy of requiring 15-25% down for duplexes, triplexes, and four-plexes. I did this video on multi-family homes - ua-cam.com/video/hxMrdqyJqpo/v-deo.html
Is using a local lenders in the area where you aim to buy butter than using a national lender like your bank or commercial lender?
It doesn't have much of an impact, unless you are using a lender nobody has ever heard of - then agents may not trust the financing source. But always get 3 quotes. @LeslieGrantlovefaithhope Thanks for watching!
Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7
What are VA loans rates
I use this site for my average rates, today they are at about 6.15%
Do i really need a realtor to buy my first home if i going through the bank to get a mortgage?
Your bank will help you finance the house and the agent will help you find and negotiate the purchase. I would say yes, you need one. @shawnettecameron323 Thanks for watching!
Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7
Hello, do you have to pay to refinance on a home? If so, what is the range amount?
it is usually around 1-3% in closing costs but they are usually rolled into the loan. Here is my video on refinancing - ua-cam.com/video/NNbypXxjHh4/v-deo.html
I have student loan debt and would like to know how I can buy a home?
Yes, you can. They will include your student loans as part of your debt but they may not include the entire payment. Here is the video I did on buying a house with student loans. @user-ud6hj2yp4z Thanks for watching!
Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7
Thank you for your content
@LeslieGrantlovefaithhope Thank you for watching
What is the website for your home buyer manual
@angelajohnson1517 Thanks for watching!
Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7
First time home buyer in New Jersey, is there a simpler way to pick which lender I should be considering or applying for a loan with? Do you have any recommendations of top lenders for first-time home buyers? Happy holidays. 🎄
Did you know jersey has down payment assistance (10k SJ/15k NJ) and if you never bought a home you get even more money(7k more) If north jersey you can get up 22k and if south jersey you can get up to 17k you have to use specific lenders and it doesn’t matter to look around because all the lenders for the program use rates given to them by the state. So just pick the lender who you feel most confident with.
Since this is a larget purchase you don't want to shy away from the 3 quotes, it will serve you better to do so. However, if you only want to do one then lean on your agent and let them recommend a lender that they have used that is great with first time homebuyers. @VioletCharmed124 Thanks for watching!
Avoid Costly Mistakes by Buying My First Time Homebuyer Masterclass and Digital Confidently Closed Handbook - bit.ly/47s4pT7
You are a gorgeous lady!!
@johnfields1206 Thank you for watching
I'm watching from the UK and didn't understand what the term "Buy Down' meant, please can you explain. I wonder if it meant making larger mortgage payments to pay it off sooner/less interest charged overall?
Watch this video and it will help explain - ua-cam.com/video/ljMrubYfZQo/v-deo.html
@elainaifill996 Thank you for watching
Mortgage insurance amounts to a few hundred dollars per month added to your mortgage payment. It's much better to still have the cash on hand for unknowns than to try to eliminate your PMI.
And I was telling myself 'I don't need to watch this video '.... I'm glad I did. It was a very listen while I was cleaning and doing my daughter's vision board. 💜
Wonderful, thanks for not passing it up. Happy New year!!
Why do you say 7% for closing?
Here is an explanation on the 7% - ua-cam.com/video/7Jn04Rl6bBA/v-deo.html Welcome to the channel!
If you live in FLORIDA can you use Kevin for your lender?
Yes, you can. @user-oq4xi1hs7i Thank you for watching
Who is Kevin, just started watching and there's a lot of really good information. Wish I would've found you before I closed on my home almost 3 years ago but it's never too late to learn @shaheedahHill
@@ecn54 I did this video with Kevin as part of my black history month series. It is all about the Pre-approval process. He is a lender and has his own channel - Kevin Jefferson, The People's Lender ua-cam.com/users/livecpewL4OlpjQ?feature=share
@@ecn54 And I agree, its never too late and I'm happy you found me.