I'm thinking about buying 3 or 4 condos in my area at the same time, I recently gave my info to a mortgage broker and he said with my debt-to-income ratio I can afford to borrow around $160,000.

It's very frustrating, especially since values are dropping as each day goes by.I guess it just comes with the territory, but it sure is frustrating.Steph

If my principal amount could be the same as a new buyer's will be, on short sale, I could afford to keep it.If this is impossible, we do plan to sell short.

Someone buys a house they can't really afford.

Whenever I'm selling a home I always get frustrated with the amount of investors that call me and the first question that they ask is what the mortgage is on the property and if I'm interested in them taking over payments, etc, etc.This actually just happened a couple of minutes ago which is what prompted this email.Just a word of advice:Try talking to the seller for a couple of minutes and building a relationship with them before asking them who their mortgage is with, how much it is or if they would be interested in letting you take over payments.

A Realtor has a listing where the sellers had to move for job reasons, they purchased another house in the new location, and now can't afford to carry two mortgages.

If you stay put and can afford the payments (no indication that you can't), there's no credit hit or other negative to worry about.

When I think about the amount I will pay for closing and the LTV make me think that it is very costly doesn't even worth anymore .I am very frustrated, I find many good deals and I am missing.

I am frustrated beyond belief.Steph

To stimulate housing, the monthly payments must be made affordable.