Recently I have been approached about new financing for new mobile homes/land packages.  Finally some loans that can help people get their dream started. With all the bad publicity most first time home buyers are scared to death to try and buy. So as these market motivaters come out, be responsible to your clients and talk with them about the purchase and financing that is available.  Let them know about the different plans.

Remember as Realtors we are suppose to give good advice. Treat your clients as if they were you.  Help them, guide them through the process, use reputable loan people. It will come back to you if you do.

Don't set them up to fail. Help them to succeed....

Tell them about Due on sale clauses.

Tell them about truth in lending

Tell them about the reality of adjustables

Tell them about pre-payment penalties.

ASk them their goals for the next 5 years. It matters, If they are moving in 2 years a pre-payment penalty could be devasting.

Remember you have a fudiciary duty to them.

We all want the dream try and make theirs a good dream not a nightmare.