I BOUGHT MY FIRST HOUSE AT 22 Series: How Much Does It Cost To Buy A Home? | Actual Numbers!!! 💰💵
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- čas přidán 25. 06. 2024
- Talking about how much it can cost to buy a house! First time home buyer tips.
DISCLAIMER: These numbers are modeled numbers based off of my personal experience, however not my exact numbers for privacy reasons. Everyone's situation varies but thought I'd still share given the high requests to share some of this info:)
Additional Caveats:
- I bought a new construction town home in North Carolina
- My closing costs were not as high as some may experience, and also was offered a lender credit to help toward covering most of it!
- The builder paid my realtor so I did not have to come out of pocket for that
- I got a new job , my prior job was what helped in the saving process to obtain the home I wanted, and the new job is what is allowing me to live comfortably to stay in the house and save some additional $$ on top
- I did this exercise based off of a net income in order to show you what the tangible adn actual cash amounts that were able to be saved up, but keep in mine that lenders also pay heavy attention to what your debt to income ratio (debt payments / gross monthly income) is, and if a mortgage payment on top of your existing debt payments would put you at too high of a ratio %, you may not be pre-approved for a certain amount of house
. Feel free to use this system of math to determine what could be deemed “affordable” from the original pre-buying process monthly income!
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Hope this was helpful! Remember, use these numbers directionally and not too literal as they are modeled based off of my true scenario, however not my literal numbers ❤️ The description lists out some caveats.
I am in my 30s and we are buying our 2nd home together. We are building this time. The biggest question/mistake I see people make is trying to save 20%. Thats just not realistic for your first home and you do not have to. We are only able to pay 20% down on our 2nd home purchase because our first sale gave us a big profit.
So glad you used a realistic ass salary I make less than this after taxes but at least you didn’t go with like a 50k salary.
🥰❤️
This what um talking bout..DETAILS....you did this girl ✔✔✔ thank ya mam. I like to see things in black and white✌
Thank you 🥰 glad it was helpful
The most important thing that you said is that you paid your tithes. People don’t realize that if you put God first, he will bless you even more. God’s portion is 10% percent of your pay.
Amen!
Amen! 👏👏
Some people have faith but no works
Yes!
Yes putting god first is true, but following is laws , commandments and statues is more important and giving the poor. Tithe’s isn’t a must anymore that’s was when we have priests and for the Levite’s.
Not all hero’s wear capes 🙏🏾🙌🏾
❤️❤️
Black women winning! Love to see it- keep thriving!
I’ve been saving up since December 2018 to buy a home, I just met my goal last week. Very proud of myself and eager to begin the home buying process. Thank you for these guided videos ❤️ new subscriber
When I saw my rent is about three hundred dollars more than your house mortgage, I felt ashamed....I have to get out of apartments and get me and my kids a house
Like I said though, these numbers are not my numbers they are modeled so please take with a grain of salt! It’s meant to be analyzed directionally :)
I own a house, and it’s worth it. Your kids will be able to own that house one day and they’ll be one step up
@@MonicaSoyemi we were paying$850 for rent. 2bed 2 bath . We bought a house 4years ago. 3bed 2.5 bath 1200sq feet. New construction. Townhome. Paying $700 now including HOA. We refinanced this year that's we paying that. Prior to that it was $850. If you have stable job and little saving, you can do it. Best decision we ever made. We don't eat out much. No cable, we have Hulu and antenna. Prepaid phone.
Rent is definitely more expensive than a mortgage and you aren't getting that money back in equity like it would if you bought. You don't need to put down 20% so save what you can, get your credit up and you can get your house!
you’ve made the home buying experience seem much less complicated. thank you for this girl!
No problem 🥰
Soror: I just shared this video with my nieces. They are in their 20’s and they are looking to purchase their first homes! This video is very helpful! Thank you for putting this vital information together!
You've done an excellent presentation explaining in details the whole pre and post purchasing of a home. And you're correct no two purchasing experiences will ever be the same. Too many variables involved. Example having the seller covering the closing expense! Another great and informative video!!!!!!
I loved your breakdown, it was really helpful and honestly seeing some numbers does make it seem more doable.
The young people needed to hear this (me, i am young people) 😭😭
😂 thank you 🥰
I like the spreadsheet and how well you explained it. Thanks !
Yay! I’m glad ❤️
This was super helpful! You are truly going to help soooo many people become first time homebuyers!
Best informative video I’ve came across! Thank you!
Thank you for this! Been considering buying instead of renting and this was soooo helpful!
This is one of the most honest and transparent vlogging videos I've come across in a long time. Thank you!
Very helpful!! It was great to see an income around my range and see that it’s still possible! Thanks!
🥰🥰
WOW! This is very helpful and admirable of you!
I've attended real estate agents' seminars and NONE of them broke it down the way you did
Good job lady !
Wow thank you !!!!
Yes girl keep em comin💕
🥰🥰🥰
This is awesome! I love the model numbers. This truly inspires me! Thank you!
I just love how you talked about yourself like the third person!😆 Thank you so much for doing a total breakdown of everything it gave me a realistic aspect of buying a hone!
Lol no problem 🥰
This is exactly what I was looking for. Good info. Wishing you all the financial wellness
So great to watch! Love the new braids too! ❣️❣️
Girl yes, loved this video! Really great breakdown
Informative and helpful! Thank you for this 🙌🏽
Your channel is golden
This presentation was great, your breakdown was absolutely great.
This is the most helpful video I’ve found on CZcams. Thank you!!!
This was the easiest model to work with. Thanks for this explanation.
This method of explanation was very helpful! Thank you so much for this
Yayy I’m glad 🥰
Love this series sm!
Just Subscribed! Been looking for a video like this with a realistic view of the home buying process. Thank you. I will use this example and make modifications.
Great video! Thanks for sharing!
This was great! So helpful! Thanks so much for this video! You’ve helped me understand the home buying process so much! Super excited to begin this journey.
Yayyy I’m glad 🥰
Thank you so much for this. I’ve been doing my research since I am planning on buying soon and this gave me a good insight.
Thank you! I’m definitely a numbers person, this breakdown helps a lot ❤️
This was extremely helpful. Thank you for sharing.
Hello, I'm new to your channel. This was very HELPFUL & REALISTIC. Now I will not be blind going into my home buying process. Thank you
Can’t wait to watch !!!!
Timera J 🥰🥰
Awesome Job! You are putting out great content. I've seen three videos prior to this regarding your new home... now you present this!!! New Subscriber! - On my way to moving in my new construction townhome in July. Excited 😁
This was VERY HELPFUL!!! OMG, You just taught me so much, even about budgeting. THANK YOU SO MUCH!!! and I’m glad you are able to find a way to do this but still holding your ground for your privacy! I love this channel! Thanks so much again! 😊
Awww THANK YOU😭
love that you are making videos about this, it is a very helpful series (side note): that back wall is gorgeous
Thanks so much 🥰
Thank you so much for posting this video!!!
love it, thank you! Currently saving. Would love to be a hme owner next year.
I love this so much! Im impressed!
Thank you! 🥰
Love how realistic this was. Thanks for this!
Christiana Taylor 🥰🥰 no problem !
I have been looking to buy a house for a while now and I have been doing all my homework . After watching your videos I feel more assured and confidence that I can do it . Congratulations am happy for you your house is beautiful by the way keep representing us😍😍😍😍
This was literally so helpful
This was amazing Alexis thank you! I just turned 20 and wanna be in the same place by 22! May God continue to bless you!!✨
Thanks so much 🥰
Thank you young lady. You did very well in this presentation. 👍🏾
Absolutely love this video! Thanks so much!! Very simple yet so effective and clear!! So inspirational as well‼️‼️🤟🏽👏🏽🔥❤️
Thank you ❤️
Thank you for breaking it down! There are so many costs that go into buying a house
Of course ❤️
Omgeee! Thank you for breaking it down💞 This is super helpful❤️
Good I’m glad 🥰
Love your videos!!! So informative!! Thank you 😍😍❤️❤️
I love this. Great explanation and personality. This definitely helped to humble me. I usually rush to make big decisions like this because of life situations but I really need to just wait a few more months to actually start this process to make sure I have enough money for all the bills. Thank so much 💙New subbie
Thank you for sharing. Definitely helpful and grabbed you a new subscriber. Love the content!
This is very detailed and eye-opening! Thank you!!
No problem glad it was helpful :)
This was so helpful! I am claiming that in one years time I will have a house!
Thank you for sharing!! ❤
I loved this! May my little girl have a similar savvy. 😊
I get that it's a potential demonstration but I loved how you broke down the steps to visualize the idea of the journey of purchasing a home
Yayyy I’m glad 🥰🥰
You explained this very well. 👍🏾
Helpful break down ! Thank you for thissss
Of course ! 🥰
Well done young lady! This was a very good detailed video. Very helpful! May God continue to bless you.
Thank you 🥰
Thank you for doing this!
Ebone Freeman yay! Thanks so much ❤️
Thank you for using realistic numbers for the lower class, I’ve never found examples that made buying a home feel possible for me.
This was very informative! Thank you for sharing!
Of course !🥰
Very helpful. I am almost 50 and not yet a homeowner and even I gained some knowledge with the #'s!
Thank you for this video love. I’m in the pre-buying process
Woot woot !
Thank you for sharing this video!
I liked your video before watching!!!
Just wanted to say, your videos and presentation is very informative and engaging!!! The Students will teach the Teacher!!! Your videos have helped me so much in my buying process as well!!! Keep Going, Don't Stop!!! Your wealth at 22y/o is catapulting you to bigger and greater things to come!!!
Much love from Florida's Gulf Coast♥️♥️
Awww love that thank you so much !
Reminder on ✔✔
Shar'via Giles 🥰🥰
It is VERY helpful!!! Thank you so much ❤️🙌🏽
I'm so happy for you. Such a very smart move.
Thanks so much !
You explain it very well...thanks for sharing
This is so insightful
Yay❤️
Thank you for this video. ❤️❤️❤️
I like this video. I'm glad you mentioned that every situation is different. In NYC closing costs on an apartment, less than $200.000 is approximately $10,000. It is also worth noting that depending on your lender and creditworthiness, you can include the closing costs into the total amount borrowed.
I would be curious to see what the numbers would look like if "Shantell" didn't make more money once she moved into the house. That would be a more realistic scenario since getting a raise isn't guaranteed.
im actually taking a Mortgage Loan class and I enjoyed watching this video.
Love this!!!
You DEFINITELY just gained a subscriber. Keep up the good work ❗️
Yayyy welcome 🥰
Great video! Thank you and wish you millions of subscribers :)
Well-detailed ! Thanks!
Of course ❤️
Man this was extremely helpful thank you 🙏🏽
Yayy!
Such an informative video😆💚 thank you!
Hi Lexi's, love your channel and your personality. New sub.
2 things I want to add. I agree with you on buying via FHA. I bought a condo in Brooklyn and a family member tried to make me feel bad. I just reminded them you are a home owner with your 20% down and I am a home owner with my 3% down. More than 1 way to skin a cat.
2nd.......depending on your builder or seller you can get your closing cost rolled into your mortgage or paid for by the seller. Sometimes these builders have promotions.
Thank God for the info n u being a blessing !
Ok these were some good realistic numbers even they will vary! Definitely gives hope more than scare them away bc a lot of videos I’m seeing show some insane #’s
Thank you for all this information ‼️very helpful
thanks for watching !!
Well done young Lady keep the video Coming
This is commendable and I salute you
I loved this! ❤️ awesome information, you’re the bomb lol
Lol thank you 🥰
Thank you, I have been thinking and too hesitant to buy a house. I understand a bit but I have trouble le understanding difficult information but this video did give me a basic understanding.
Great video sis
thank you soo much for this video! I want to be a homeowner in 2021 so this was truly helpful! :)
You can do it !
Thank you for this! Very helpful
Of course 🥰
Very informative. Great job.
Thank you ! 🥰