CAREFUL WHAT YOU SAY TO SELLERS AND BUYERS.....
Honesty is always the best policy............... we have to live to a higher degree, since consumers are often uninformed.
It is so true, we all have to be careful what we say and do throughout life. In the real estate industry, what we say to our sellers and buyers are taken more literally now than ever before. People are in financial crisis. This is the worst financial crisis since the Great Depression. The elderly citizens have lived through it, but the rest of us are experiencing it for the first time and it is NO fun!
So, when we speak to sellers, it is best to not over promise and under deliver. To raise expectations for their home selling for a greater price than it is really worth, is just doing an injustice to that seller.
Concerning buyers, they need to be led by the hand and feel confident they can afford the payment. For loan officers to approve a client to their maximum ability is truly an injustice to them. Ask then what their "comfort" level is and approve them based on their comfort level and NOT their DTI (debt to income) maximum.
The following quote sums it up:
"I believe that we are solely responsible for our choices, and we have to accept the consequences of every deed, word and thought throughout our lifetime." Elizabeth Kubler-Ross
Do you agree?
Ann Sabbagh
Vice-President
Seacoast Mortgage Corporation
LICENSED LENDER AND BROKER
Residential AND Commercial loans
508-243-1190
"When you choose me as your mortgage consultant, you also choose a financial planner who cares about YOUR future!"
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