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October 22, 2018
Tips for Buyers in a Softened Market - Keith Furer Guardhill
October 22, 2018

Tips for Home Buyers in a Softened Market

Autumn 2018 has arrived and with it, higher levels of available real estate than we have seen in a while. A market like this offers valuable opportunities for potential buyers who are clear on their expectations and strategic in their methods. Over my 20+ years in the business, I have […]
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(646) 519-7595

Keith Furer
VP Sales – NMLS #56322

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Since 1998, I have been proudly serving the mortgage needs of the tri-state area working with different types of loans, properties and borrowers.

𝗦𝘁𝗲𝗽 𝟭: Determine your Current Purchasing Power Be 𝗦𝘁𝗲𝗽 𝟭: Determine your Current Purchasing Power
Before you create a savings plan, it is essential to have a general understanding of how much money you may need to save. Connect with a mortgage specialist to get pre-qualified and determine how much you may be able to qualify for at the moment.  𝗦𝘁𝗲𝗽 𝟮: Create a Timeline and Make Target Goals
After you speak with a specialist and determine your current and potential purchasing power, you can create a personal savings goal. Make sure the plan is specific, measurable, and realistic.  𝗦𝘁𝗲𝗽 𝟯: Pay off Debt with High-Interest Rates
Do you have other debt such as outstanding credit card balances, student loans, or car loans? If so, focus on paying off your debt with the highest interest rate first, such as credit card debt.  𝗦𝘁𝗲𝗽 𝟰: Set up an Interest-Bearing Savings Account or Investment Account with Automatic Deposits
If you are setting aside a lump sum of money each month, make sure that money is accruing interest, whether in a savings or investment account!.  𝗦𝘁𝗲𝗽 𝟱: Try to Cut out Unnecessary Monthly Expenses
You may need to make a few sacrifices in the short-term if your goal is to save for a down payment.  𝗦𝘁𝗲𝗽 𝟲: Consider Getting Down Payment Assistance
For those who cannot afford a down payment by themselves, it is common for them to get down payment assistance from relatives or close friends.  #homebuying #housingmarket #realestate
Conforming loans follow standardized guidelines an Conforming loans follow standardized guidelines and are backed by Fannie Mae or Freddie Mac. Jumbo loans are not, so underwriting is based on individual lender guidelines. As a result, jumbo loans typically require:  - Higher or varying credit score thresholds
- More detailed income and asset documentation
- Post-closing cash reserves
- Lower loan-to-value (LTV) ratios
- Lower debt-to-income (DTI) ratios  While jumbo loans often involve larger down payments, GuardHill offers flexible options for well-qualified borrowers.  #mortgages #loantypes #realestate
The Conforming Loan Limit is set by the Federal Ho The Conforming Loan Limit is set by the Federal Housing Finance Agency (FHFA) based on the national average home price, with higher loan limits in areas that have above-average housing costs. This is the maximum loan amount a homebuyer can borrow with a conventional mortgage that qualifies for purchase by Fannie Mae and Freddie Mac.  For 2026, the conforming loan limit for a one-unit property is:  $832,750 in most U.S. markets
$1,249,125 in designated high-cost areas  If your loan amount exceeds the limit for your county, a jumbo loan is required.  #mortgages #conformingloanlimit #realestate
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Keith Furer - NMLS #56322
VP, Sales

(646) 519-7595


GuardHill Financial LLC. - NMLS #1609
140 East 45th Street, 31st Fl
New York, NY 10017

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Copyright © 2026 Keith Furer, produced by Native Theory Digital | Guardhill Financial LLC is a registered lending provider. NMLS# 1609. 140 East 45th Street, 31st Floor, New York, NY 10017. Telephone Number 1-800-853-7078 All loans are subject to credit and property approval. This is not a commitment to lend or extend a mortgage.

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