Mike, I've been known to have lenders do scenarios on my listings so prospectives can envision how to get in and how it will impact their budget and lifestyle:

http://www.realestatebhc.com/libraryimages/CCI00000.pdf

Example above. Buyers I think look more at payments than anything else . . . I know I do when I buy. So giving them info based on a particular property, YMMV etc etc., could get them into planning mode.

Mike can you kill one of those guys? LOL

I've had lenders do flyers.  They incorporate the listing pics and general info and then map out different mtg scenarios along with taxes, insurance, pmi, etc.  

Mike, I don't think we are going to see buyers running to the homes until the lenders increase the payoff time tables. We should be pushing a 50 year fixed mortgage. A car is now 7 years. I see used car loans for 5 years. I can't follow Candice's advise to qualify a buyer anymore when they pull up in a $45,000 SUV. You would think they knew what they could afford to buy.

The loans are waiting wheres the buyers ?

They all bought there homes in  2004 and 2005 with the lenders that went bankrupt.

And the buyers with 800 credit scores already have a home,

The in between buyers need a 680 or better score with 10% 20% down that is were the buyers are.

But some will buy before the 1st 2008 for Tax purpose and spending the big Millions$$ bonuses from the fat cats in corp America so I think Nov 07 and Dec 07 should make a great holiday gift for us.

This is just my opinion and guess work..

Vanceguess

guesses .25 cents each

Bloomberg clip 10/03/07

http://player.clipsyndicate.com/view/156/410158?cpt=8

Yeah, Vance. They really throw out all lot of numbers and statistics on the clip. And, you know numbers don't lie. What was the that Milken in jail for again?

They are just talkin heads to me Gregory, ha ha ha

Tomorrows edition it will be all ok!

The Stock Manipulation News Channel

Oh Gregory, you've been hurt. LOL

You have not lived till you've seen 'em pull up in a 75k SUV pulling a 125k boat. Then they want the house for 50 cents on the dollar. I would too . . . LOL

I was just telling my client today, who is worried about when she wants to sell the home she is looking to buy today, that the market and mortgage industry is getting back to normal.  The way it was before the hot hot hot market, where first time home buyers had to learn to manage their money (and their credit score) and save up for a down payment before they went shopping for a home.

I think the Mortgage industry (read greedy mortgage industry) should put up some money on this and do some National Advertising.  Quit visiting my office and expecting me to advertise that it's ok to buy.  They need to put their money where their mouth is, do some of their own advertising and explain the situation themselves.  Do I sound PO'd?   Good!!!

Shelly, I think the tide is turning. There are now more mortgage reps than real estate agents.

I think you are right on the money. It is the mortgage companies that should be out there in front of the people telling them what a good time to buy and what a great finance deal they will give them.

That's because the loan officers are HUNGRY now and are doing whatever they can to get business!  I too have had 2 different calls from 2 new loan officers this week who want to "take me out to lunch!"  I'm sure thats all they want!