Gold! No other word to explain it. This is a huge help
@ShaheedahHill
4 жыл бұрын
Thank you!
@sweetsunshineplaytime
2 жыл бұрын
Right!
@vitalismbotiji9803
Жыл бұрын
U are a brilliant teacher and u are wonderful 👏
@smoothkk1
4 жыл бұрын
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!
@JamaicanMeCrazy
4 жыл бұрын
Keep going kk
@JayLawson
4 жыл бұрын
Congrats bro keep it up
@TommyleeATGMAILDOTcom-ws3wg
4 жыл бұрын
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..
@Annabee399
4 жыл бұрын
☑️ 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.
@SOSIDDITY
4 жыл бұрын
This statement is my current MOOD.
@emmielashearose1935
4 жыл бұрын
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.
@cosmicviewer477
3 жыл бұрын
Congratulations, Sis!
@choosetoshine2610
3 жыл бұрын
Congratulations 🎊
@tatianagarcia9501
Жыл бұрын
Yes!!! I couldn't agree more 🙂
@mskneeknee8549
4 жыл бұрын
This is the best explanation of DTI I've ever seen on KZitem! Thanks
@ShaheedahHill
4 жыл бұрын
Thank you that made my day😀
@joeblack7262
3 жыл бұрын
2nd that
@jpanega1
3 жыл бұрын
I agree. Thank you!
@iamenvymetoo
Жыл бұрын
Literally over here crying at the fact that $200K was $1250/ month in 2020!
@musicoctavemotivation3720
2 ай бұрын
This is my target 🎯 payment and now it's 1800 range. ,🤦🏿♂️
@iboxirun
3 жыл бұрын
This woman is a national treasure. Many thanks!
@ShaheedahHill
3 жыл бұрын
Thank you🙂
@lt6731
4 жыл бұрын
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.
@TommyleeATGMAILDOTcom-ws3wg
4 жыл бұрын
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..
@sabrinajoseph8664
2 жыл бұрын
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!
@ShaheedahHill
2 жыл бұрын
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!!
@gaming_with_rex4031
3 жыл бұрын
Great example of why you need to know your numbers before you even start looking at houses. Thank you for the video
@ShaheedahHill
3 жыл бұрын
Glad it was helpful!
@bridgethall1065
Жыл бұрын
Thank you for supplying so much valuable information FREE!!! This video was a gold mine for me!
@ShaheedahHill
Жыл бұрын
Thanks for the feedback Bridget!
@aroucagirl1898
Жыл бұрын
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
@ShaheedahHill
Жыл бұрын
Thanks for watching!
@GPHVNKK
2 жыл бұрын
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
@ShaheedahHill
2 жыл бұрын
I'm so glad you found me, thank you for watching!
@evanwindom3265
3 жыл бұрын
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.
@ShaheedahHill
3 жыл бұрын
Thank you for watching and such thoughtful feedback. I really appreciate it.
@allie1028
4 жыл бұрын
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 😊
@ShaheedahHill
4 жыл бұрын
Glad it was helpful! #homeowner2021!
@TommyleeATGMAILDOTcom-ws3wg
4 жыл бұрын
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..
@reneej8623
4 жыл бұрын
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. 💯
@shgarrett624
4 жыл бұрын
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?
@lj9578
4 жыл бұрын
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.
@ShaheedahHill
4 жыл бұрын
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.
@TommyleeATGMAILDOTcom-ws3wg
4 жыл бұрын
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..
@trent9890
3 жыл бұрын
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.
@ShaheedahHill
3 жыл бұрын
Thank you and yes I do 😊
@Adorah_the_Explorer
3 жыл бұрын
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. 😊
@ShaheedahHill
3 жыл бұрын
Get obsessed😀. Thanks for watching!
@bnepaul9268
Жыл бұрын
With determination and God's grace u will
@aroucagirl1898
Жыл бұрын
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.
@ShaheedahHill
Жыл бұрын
Thanks so much!
@DomisWorld
4 жыл бұрын
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 😳
@heyhey0428
3 жыл бұрын
I am 100% recommending your videos to anyone I come across that’s looking to buy their first house like me. Super helpful!
@ShaheedahHill
3 жыл бұрын
I really appreciate that! Thank you😊
@tashahawkins7364
4 жыл бұрын
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
@ShaheedahHill
4 жыл бұрын
Amen and thank you for the blessing and kind words!
@WanderlustDeanna
7 ай бұрын
I’m buying my house this year! Thanks for your help.
@ShaheedahHill
7 ай бұрын
You've got this!! @WanderlustDeanna Thank you for watching
@trueelovee97
4 жыл бұрын
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!
@ShaheedahHill
4 жыл бұрын
Thank for watching and the feedback!
@TommyleeATGMAILDOTcom-ws3wg
4 жыл бұрын
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..
@ernestsill2853
2 жыл бұрын
This channel will be a reference point for many generation to come.
@ShaheedahHill
2 жыл бұрын
Thanks for watching!
@uic2004
3 жыл бұрын
How about car insurance ($200), cell ($75), gym memberships ($25)? That for me is an additional expense that must be paid monthly
@ShaheedahHill
3 жыл бұрын
They only look at debt. Instances where you have borrowed money. The exception is child support or alimony payments. They will count those.
@nubiang5017
3 жыл бұрын
Good Day. So, Utility bills are excluded ?
@bnepaul9268
Жыл бұрын
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.
@kingofallthings8944
4 жыл бұрын
Would they also consider things like Cell phone and Cable bill?
@ShaheedahHill
4 жыл бұрын
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!
@BillyBob-fh5he
4 жыл бұрын
Internet, cable, cell phone, energy bill all add up to a significant amount per month.
@alexandriak2206
Жыл бұрын
I just wanted a simple explanation of DTI and thank you!!! This was perfect and understandable!
@ShaheedahHill
Жыл бұрын
Glad it was helpful!
@w1lly9
3 жыл бұрын
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!
@ShaheedahHill
3 жыл бұрын
Thank you for watching and everything in due time, sorry about the delay.
@oliviernkurunziza4739
2 жыл бұрын
She is really good explaining this
@ShaheedahHill
2 жыл бұрын
Thank you so much!!
@itscarissahere
4 жыл бұрын
Question is dividing your income by 12 accurate? I’ve been taught to divide it by 26 or 52... depending on your pay frequency.
@ShaheedahHill
4 жыл бұрын
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
@TommyleeATGMAILDOTcom-ws3wg
4 жыл бұрын
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..
@jessicaherrera6956
3 жыл бұрын
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🙏
@ShaheedahHill
3 жыл бұрын
I totally understand. Keep saving - the real estate market shifted so quickly. Hopefully it will allow some new opportunities soon.
@militzasanchez4460
3 жыл бұрын
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!!
@ShaheedahHill
3 жыл бұрын
Thank you - Love you too!
@sonya5568
3 жыл бұрын
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.
@daonsmit
3 жыл бұрын
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?
@ShaheedahHill
3 жыл бұрын
No utilities, no rent. Just include your anticipated mortgage payment instead. Thanks for watching!
@49Macman
10 ай бұрын
Thank You! The on-line calculator was easy to use.
@ShaheedahHill
10 ай бұрын
Glad it helped!
@anabutyrski4778
4 жыл бұрын
This is very helpful... but here in California, the cheapest houses you can buy are at least $600,000.00. 😞
@user-td7xf3gz4l
4 жыл бұрын
Not in Bakersfield and many other cities within CA
@thegoosemanrockentertainme6482
3 жыл бұрын
Not in Fresno, Stockton, and many others
@sheririch1734
3 жыл бұрын
What do they consider debt? Does phone bills, electricity etc are considered “debt”?
@ShaheedahHill
3 жыл бұрын
No those are not considered debt. They are month expenses but you didn't borrow the money.
@sheririch1734
3 жыл бұрын
@@ShaheedahHill thank you for responding.
@carl056
4 жыл бұрын
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 %
@cynthiathompson1641
6 ай бұрын
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.
@ShaheedahHill
6 ай бұрын
Thank you so much, I really appreciate that.
@MercadezMichelle
4 жыл бұрын
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?
@ShaheedahHill
4 жыл бұрын
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!
@TommyleeATGMAILDOTcom-ws3wg
4 жыл бұрын
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..
@balancedscales5093
3 жыл бұрын
Thank you I understand better. This is why I was told I needed revolving credit because my DTI is so low.
@ShaheedahHill
3 жыл бұрын
Thank you for watching and subscribing
@G_Money_
3 жыл бұрын
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! 👏👌
@ShaheedahHill
3 жыл бұрын
Thank you, I appreciate that. Congratulations off your debt .. great job!
@LJLee-gt9uw
2 жыл бұрын
Thanks for talking clear direct and thanks for not having a long personal talk about self intro like sooooo many other videos .....✅
@ShaheedahHill
2 жыл бұрын
Thanks so much for watching
@KoKoSCreamy
3 жыл бұрын
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.
@ShaheedahHill
3 жыл бұрын
Your house is really is a debt that you shouldn't feel bad about. Do your research and for it!
@alexandraadams2070
3 жыл бұрын
Almost debt free! One card left...no car loan or student loan! I want my mortgage to be my only debt! This time next year, I want to be living in my new home! Thank you, Shaheedah!
@ShaheedahHill
3 жыл бұрын
Congratulations and thank you for watching!
@iamkiasaint3412
4 жыл бұрын
Thank you for explaining this info. You are GREATLY appreciated. Blessings beloved 🥰
@StillaRoseYoga
2 жыл бұрын
Thank you ! This was so helpful in figuring out where I stand.
@ShaheedahHill
2 жыл бұрын
Thank you
@Katrina-Winter
4 жыл бұрын
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.
@ShaheedahHill
4 жыл бұрын
Yes, a lot of people are denied or cannot qualify for the kind of house they want because of car loans or student loans.
@TexasMade903
4 жыл бұрын
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.
@robynstevens9753
4 жыл бұрын
Sell your car and by a cheaper one. $600.00 car payments are ridiculous
@TrollinOn22s
4 жыл бұрын
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.
@TommyleeATGMAILDOTcom-ws3wg
4 жыл бұрын
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..
@e.s.l.1083
2 жыл бұрын
I am 'learning different' and... I just LOVE you... you are so CLEAR. FABULOUS... (ty, from a happy brain!)
@ShaheedahHill
2 жыл бұрын
Wonderful, thank you for much for the feedback😊 and thank you for watching
@yayalittle8598
4 жыл бұрын
Love how you explained this so clearly!
@stevenfoster9402
3 жыл бұрын
So is there anything else included in your DTI besides, car payment, student loans, and min credit card payment? What about car insurance, current rent (if you are renting), and other expenses?
@ShaheedahHill
3 жыл бұрын
Only debt is included - so when you have borrowed money. So do not include rent, car payments, etc. The only exception I have seen to debt is usually child support payments, most lenders will include those.
@stevenfoster9402
3 жыл бұрын
@@ShaheedahHill thank you!!
@PSPCONSULTING
4 жыл бұрын
Great Vid! Finally understand how to calculate my DTI! Thanks.
@ShaheedahHill
4 жыл бұрын
Thank you for watching and I also attached a link to a calculator. 😊
@TommyleeATGMAILDOTcom-ws3wg
4 жыл бұрын
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..
@mariaace7871
Жыл бұрын
Wow this is amazing help. Thank you! I got some more money work to do and glad I found this video ❤
@ShaheedahHill
Жыл бұрын
You're so welcome!
@christianchavez2814
4 жыл бұрын
Really appreciate this video!! Learned ALOT and it made me feel that much more confident in my journey of buying my first home.
@ShaheedahHill
4 жыл бұрын
Thank you and best of luck!
@melilu2845
4 жыл бұрын
I think its important to also mention lenders are going to get your minimum monthly payment amounts from what is reported on your credit report when they determine your DTI...
@ShaheedahHill
4 жыл бұрын
Yes, good point. They will see your minimum monthly payment on your credit report.
@TommyleeATGMAILDOTcom-ws3wg
4 жыл бұрын
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..
@KP-ov3mg
3 жыл бұрын
This was definitely the most helpful video out there about the topic. Thank you!
@ShaheedahHill
3 жыл бұрын
Thanks for the feedback and for watching!
@anneshaadams
4 жыл бұрын
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
@ladyrob4110
4 жыл бұрын
God, I love this girl!!
@justwatching5405
2 жыл бұрын
Your channel is so helpful! It seems so simple but a lot of people don’t know this. I can’t remember this process going into my second home. So it’s very refreshing to see you break this down step-by-step for a lot of people. So thank you very much. I almost feel guilty that you give away all of this information for free.
@ShaheedahHill
2 жыл бұрын
You're so welcome, thanks for watching....again😊
@manniilocs5973
4 жыл бұрын
This is gold!
@staciemorelli384
2 жыл бұрын
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.
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?
@owl6337
4 жыл бұрын
Why not use 52 weeks, instead of dividing by 12
@malaikasdurbin8960
4 жыл бұрын
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!
@grantm.7281
4 жыл бұрын
Now when you say debt does that include my usual utilities payment and rental payment?
@mrsitim8341
4 жыл бұрын
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
@tiffanyclashley4270
3 жыл бұрын
Yes
@keithshep
4 жыл бұрын
Great information! Thanks
@ShaheedahHill
4 жыл бұрын
Thank you for watching!
@californiacoast7021
Жыл бұрын
To calculate the annual income amount to start with,, do we use the YTD instead of the adjusted gross income on our tax forms?
@ShaheedahHill
Жыл бұрын
Use what you make in one month on average, it will give you a general idea of what your DTI is. The lender is going to use you check stubs to verify your income, not tax returns, unless you are self employed. Thanks for watching.
@iskah8551
4 жыл бұрын
Thanks for recommending this video. If you have a 0 balance on your credit cards do they still count the minimum payment?
@ShaheedahHill
4 жыл бұрын
No they only count a payment if that card has a balance.
@TommyleeATGMAILDOTcom-ws3wg
4 жыл бұрын
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..
@tiffanys.7018
Жыл бұрын
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?
@ShaheedahHill
Жыл бұрын
Thanks for watching. The more debt you pay off the lower your DTI.
@roxannescott6956
4 жыл бұрын
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
@ShaheedahHill
4 жыл бұрын
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.
@roxannescott6956
4 жыл бұрын
@@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😊
@TheBlackDorothyZbornak
4 жыл бұрын
@@roxannescott6956 a studio or 1Br coop or condo would be good for you, even getting a part time gig helps
@Bdotdecember
4 жыл бұрын
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?
@roxannescott6956
4 жыл бұрын
@@TheBlackDorothyZbornak thanks you're right
@Nickyg7
2 жыл бұрын
Can you do another video like this for an investment property after purchasing 1st home?
@ShaheedahHill
2 жыл бұрын
This is the closest I have right now is this video - kzitem.info/news/bejne/0YR94ItjraSFa2k Most lenders will calculate 75% of the anticipated rental amount towards your income when buying an investment property. They also usually want to you to have 6 months of your current mortgage payment in reserves or the investment property's mortgage payment in reserves(saved).
@VirtuouslyWright
4 жыл бұрын
Ready for student loan payment video 💚
@ShaheedahHill
4 жыл бұрын
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!
@TommyleeATGMAILDOTcom-ws3wg
4 жыл бұрын
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..
@nfrazier911
2 жыл бұрын
I am so glad I came across your videos. Knowledge is power and you are breaking this thing down so plainly!
@ShaheedahHill
2 жыл бұрын
I appreciate that, thank you for watching.
@Bossnursejara
4 жыл бұрын
What if all my credit cards are paid off but I just have them open. Is that still factored into my DTI?
@ShaheedahHill
4 жыл бұрын
No only card that have a balance.
@Bossnursejara
4 жыл бұрын
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. 😘
@mr.mildsauce876
10 ай бұрын
Your channel is so helpful and informative. Thank you.
@ShaheedahHill
10 ай бұрын
You are so welcome!
@ceciliajennifer8384
Жыл бұрын
A very nice detailed explanation. Helpful!
@ShaheedahHill
Жыл бұрын
Thanks for watching!
@justme_1111
2 жыл бұрын
You are the guru of real estate!
@ShaheedahHill
2 жыл бұрын
Thanks😊
@amandaking8857
4 жыл бұрын
My only question would be, what is in the $1250 mortgage? Does your mortgage payment include taxes and insurance?
@ShaheedahHill
4 жыл бұрын
The mortgage payment will include principal, interest, taxes and insurance. PMI as well, if applicable.
@cherylrb00
3 жыл бұрын
@@ShaheedahHill Thank you for all this information. So if all of the other items you just mentioned is included wouldn’t this affect your actual mortgage principle amount and and mortgage payment. Meaning I would be approved for much less to leave room for the other fees?
@pamelacole1554
2 жыл бұрын
👏 Amazing, thanks for sharing. So explicit
@ShaheedahHill
2 жыл бұрын
My pleasure, thank you for watching.
@pamelacole1554
2 жыл бұрын
I am currently assigned a MC for Naca and we are yet to meet. This infor will certainly help.
@TC-sl3wz
Жыл бұрын
I’m a teacher. You did a great job explaining this👍
@ShaheedahHill
Жыл бұрын
Awesome! Thank you! Me too...I was for 14 years☺️
@sequoiadeason6714
2 жыл бұрын
What about things that you make monthly payments on, that you aren't necessarily in debt for? Like health insurance, car insurance, wifi bill, etc.. ?
@ShaheedahHill
2 жыл бұрын
No do not count those, only debt. The only exceptions would be child support, alimony and IRS payment plans.
@mauricelee7299
3 жыл бұрын
Awesome video. I just followed your steps and did this formula on paper and it made total sense.
@ShaheedahHill
3 жыл бұрын
So glad to hear! Thank you for watching!!
@josephmarbles
4 жыл бұрын
obsessed with this channel man! no where else to go to get my answers. she teaches it perfectly!
@ShaheedahHill
4 жыл бұрын
Thank you, I appreciate that!
@maritzarodriguez3168
2 жыл бұрын
What about if you cash in the bank? How does cash savings is calculated?
@ShaheedahHill
2 жыл бұрын
The typically do not use that money for income, they usually see you as a better risk financially since you have that safetly net of savings. You can use that money to increase your down payment. But please consult with a local lender to see what your options are.
@yourfavnurseb9699
2 жыл бұрын
Thanks. So if I want to increase my credit score I need to pay down my debt but if I pay them all down to 0 that can lower my score right, but decrease my DTI!?
@ShaheedahHill
2 жыл бұрын
Paying them down will not lower your score. Closing them after you pay them off could. So pay them down and leave them open. Lowering your DTI will help you qualify for more.
@BigJim5754
3 жыл бұрын
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!
@ShaheedahHill
3 жыл бұрын
Excellent thank you, yes remote work opens up so many new possibilities, thanks for sharing!
@wlsmith26
2 жыл бұрын
Good stuff. Thanks for the help.
@steveyoung4016
10 ай бұрын
Do you have a video on buying a foreclosure or a tax lien property to help keep my potential monthly mortgage low?
@ShaheedahHill
10 ай бұрын
Not on tax liens but I have 2 on foreclosure, here you go - kzitem.info/news/bejne/lqeC3qKhppWnaYI kzitem.info/news/bejne/ompo35OorqhzpoY
@wendyc6638
3 жыл бұрын
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.
@ShaheedahHill
3 жыл бұрын
Thanks for watching!
@sarcasm176
4 жыл бұрын
my DTI ratio is 47 %, no student loans or car payments. only debt i have is my monthly budget :) thanks for helping me calculate
@TommyleeATGMAILDOTcom-ws3wg
4 жыл бұрын
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..
@chicagoextensions470
Ай бұрын
Awesome! If I've calculated my DTI already and I'm looking at homes on Redfin or Zillow, do I look at that monthly mortgage thats listed on the home listing of the house I'm interested in?
@ShaheedahHill
Ай бұрын
Maybe but you need to look at the fine print of some of those listings, some will include a large down payment or a lower interest rate. The most accurate idea will be for you to get pre-approved. @chicagoextensions470 Thank you for watching
@JonnyDarcko
2 жыл бұрын
Your amazing, this was so easy to follow.
@ShaheedahHill
2 жыл бұрын
Thank you so much!
@deejay22able
2 жыл бұрын
Why use gross income and not net pay(after taxes) to calculate DTI?
@ShaheedahHill
2 жыл бұрын
Gross is the eaiser for lenders to calculate, since deductions vary for everyone. However, you know your take home pay(net), so that is why it is best not to go up to your maximum pre-approval amount.
@cw1165
2 жыл бұрын
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.
@ShaheedahHill
2 жыл бұрын
You are so welcome, thank you for watching.
@jamesmorrow4991
3 ай бұрын
When calculating debt to income would I use my rent payment and medical bills?
@ShaheedahHill
3 ай бұрын
Do not use your rent or medical bills, unless you are on some type of payment plan with your medical bills.
@papichefitup
Жыл бұрын
What you make early before taxes or after!?
@ShaheedahHill
Жыл бұрын
Lenders will use gross pay, before taxes.
@mochalite10
4 жыл бұрын
This video was in my recommendations. I already purchased for the first time 11 years ago but this was some good information. I try to share what I learned from my experience with others. I always say the first step is to be real about why you want to purchase a home and be real about if you can really afford to buy and maintain the home!
@TommyleeATGMAILDOTcom-ws3wg
4 жыл бұрын
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..
@tialeak3691
4 жыл бұрын
Do you add your monthly rent in the debt part ?
@ShaheedahHill
4 жыл бұрын
No, but you will add your anticipated mortgage payments.
@smooth4lifepinky151
Жыл бұрын
Very, very insightful thank you!!!
@ShaheedahHill
Жыл бұрын
You are so welcome!
@tonilott8862
3 жыл бұрын
This makes so much sense I can see why I probably didn’t prequalify 🤔 I have 3 credit cards to pay off then I’ll be good!
@ShaheedahHill
3 жыл бұрын
Yes once you get the DTI together, you will be din. Thanks for watching!
@mwright0428
4 жыл бұрын
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.
@ShaheedahHill
4 жыл бұрын
Thanks for watching and for the feedback😊
@TommyleeATGMAILDOTcom-ws3wg
4 жыл бұрын
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..
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