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UGGGGHHHHH

By Andrew Campbell

Mortgage and Lending with ASAP Mortgage

April 20, 2007 09:32 AM

People never seem to amaze me. I was picking up my kids from school today and overheard some parents talking. (They were 2 moms) She says, I went to the bank today to see about a loan for a house, i'm so sick of renting. Then says the guy at the bank asked how much i wanted to spend a month on a house, when I told him I was looking to spend about the same as my rent with is $650 he told me with taxes and insurance I could afford about a 60k house.

See killed me, I so wanted to say something but I didn't. I got the feeling she thought she could afford a huge house with no payment!!!!!

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Jim Ludes

RE/MAX Top Properties - Coal City, IL

Grundy/Will County, IL REALTOR

Everybody wants something for nothing.

Apr 20, 2007 05:33 PM

Kathleen Lordbock

Keller Williams Realty Professionals - Baxter, MN

Keller Williams Realty Professionals

Non homeowners often don't understand the expenses involved in ownership above the initial price.

Apr 20, 2007 05:59 PM

Matthew J Blum - (retired from the business)

Palm Beach Gardens, FL

Andrew, Don't get upset... I would laugh it off. First time home buyers don't understand. Next time offer her your card and suggest maybe you can walk her through the process.

Apr 21, 2007 12:41 AM

Bill Somerset

Re/Max Realty Group - Dover, NH

ABR, e-PRO - Realtor - NH Real Estate Agent

I would do the same that matthew suggested. Offer her some help, maybe down the road you may get her business, or maybe in the short term you may get a referral out of her!

Apr 21, 2007 12:55 AM

Melissa Marro

Keller Williams First Coast Realty - The Marro Team - Orange Park, FL

Jacksonville Real Estate and Home Staging

I appreciate your feelings in this and applaud the fact that you didn't try to offer her some 40 year higher interest rate + interest only payments, yadda yadda yadda....

Apr 21, 2007 09:08 AM

Matthew Rosenberg

Investors Mortgage LLC - Madison, WI

Yes Isn't that the truth.

Apr 23, 2007 02:43 PM

Jim Bishop

Morgan Stanley - Dublin, OH

If you believe in what you are doing. That you help people get what they really want. And they will be better off with you than without you..... Then hand them a card, apologize that you heard them ask for loan information and if they would like to talk.....

In my opinion its fine.

Apr 26, 2007 01:41 PM