The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: bentway who wrote (27970)	3/10/2005 12:57:23 PM
From: Tradelite	Read Replies (1) of 306849

In my humble opinion, people who borrow beyond their means have fallen into the hands of a bad loan officer/lender. I've never met one who ever tried to encourage any client of mine to do something dumb with money, and I always worked with very good ones who tell the truth. In fact, the right way to go about buying a home is to sit down with a lender first and determine exactly what IS affordable. Let the lender tell the purchaser how much to borrow--not the other way around. This should be obvious, but I suppose it's not to some people, and plenty of sleazy lenders exist to fulfill even one's wildest, unrealistic dreams.

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