Unfortunately, much of the mortgage crisis occurred in many parts of the country because people were being approved with very little down payment, for more than they could afford to maintain, and with lower credit than should have been required. In this economy, many people cannot afford mortgages or qualify-- however, many nothers still can, and are still NOT taking action due to other reasons, mostly emotional and out of fear.

We should urge people to realistically look at homes to purchase, to get pre-approved for a workable amount of mortgage, and to help them negotiate the best possible deal. Remember that with mortgage rates still hovering in the low 5's, the amount of monthly payment is SIGNIFICANTLY lower than it would be when interest rates rise anlother 1/2, 1 or more percent. Many times, we realtors create an aura of negativity, and there is certainly enough negativity.

I also urge realtors to act ethically, and to be upfront with their customers and clients for everyone's best interest.