Buying Real Estate

Housing MARKET CRASH: Buying in a DOWNTURN

Top tips for buying a home in a declining housing market. Beware of price reductions, the house may still be over-priced. Learn the importance of “days on the market”, “back to active”, and valuable homebuying advice.

Video Information:

Types of Home Loans:

Conventional Loans:
• Not backed by the federal government
• Can be used for your primary residence
• Overall lower borrowing costs than other loans
• Require higher FICO Credit Score than other loans
• May require higher down payments than other loans
• Seller is allowed to contribute to closing costs

Government Insured Loans:

There are three government agencies that back mortgages; Federal Housing Administration (FHA), U.S. Department of Agriculture (USDA), and the U.S. Department of Veteran Affairs (VA) helps more people become homeowners.

FHA Loans:
• Less down Payment than other loans
• Lower FICO Credit Score accepted than other loans
• Mortgage Insurance is required for this type of loan
• Seller is allowed to contribute to closing costs

USDA Loans:
• Great for moderate to low-income borrowers in rural areas
• Requires home purchase to be in a USDA eligible area
• Buyer may not be required a down payment in certain circumstances
• Additional fees apply; an upfront fee that can be financed in the loan

VA Loans:
• Low interest mortgages for members of the U.S. Military (active duty and veterans) and their families.
• Does not require a down payment (100% financing)
• Closing costs and fees are capped and may be paid by the seller
• A funding fee is charged for this type of loan that can be paid upfront or financed with the loan
• No mortgage insurance is required or minimum credit score

All mortgage information provided is deemed to be accurate but not guaranteed. Sachs Realty is not a mortgage lender, please verify any information with a licensed lender. 6.2.22 Article:

The Housing Market Just Hit a Turning Point That Could Change the Homebuying Game

Todd Sachs is a Maryland Real Estate Broker and not a Lender, CPA, Attorney, or Financial Advisor.

Any information provided in this and any of Sachs Realty’s videos and/or descriptions are for entertainment purposes only and not to be construed as broker representation, legal, financial or tax advice. All content written, spoken or implied is for informational purposes and deem to be accurate, but not guaranteed. It is your sole responsibility to verify any and all information for accuracy and correctness.

Todd Sachs or Sachs Realty is not representing you unless you have a written representation agreement. This is not an advertisement for a property for sale, and if you’re currently represented by another Real Estate Brokerage, this is not an attempt to solicit your representation.


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Main Office: Sachs Realty 443-318-4514
Maryland Broker License Number 607720
Equal Housing Opportunity

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