Call me crazy but I make it a habit to know how much a thousand cost to fianace at current rate for 30 years.Multiply that figure by number of thousands financed.Divide yearly tax amount by 12 and yearly homeowners insurance by 12, then add that to above amount. Also add pmi, if applicable. This way you do not have to say , I have no clue what might be your monthly payment.

I learned in my first month to NOT take on the job of the loan officer. My buyer had ner own mortgage broker who was a hack, and I ended up being looked to get the loan going because I spoke in detail of the loan process and closing costs. When her hack didnt know what he was doing she looked to me, rather than him. We got to closing without long term damage, but the streess was unneeded.

I absolutely suggest using a seasoned mortgage banker to all of my other buyers. The mortgage banker I work with has been priceless in subsequent challenging deals.

I can always reach him at 10:30 PM, however I wouldnt be with a client that late. No way!

This mortgage banker is an expert and a professional. He covers the financials. He doesnt show homes or write contracts.

Ok, I am a newbie but I have been around real estate for years. I agree with those that say it is not our job to calculate payments and such for our clients. For starters, they should already know these details as we should only be working with qualified buyers and not lookers. Something many agents need to learn. Not too mention, there are so many options & factors when dealing with mortgages. Why sell yourself short and lose a sale for mis-calculation a payment. For example, my personal home is for sale currently, and someone could pick it up for $1100 month or $2400 a month. You can see the difference.

As for the 6 copies, my broker is having me pick 6 up tonight to take to my client. I guess everyone has their own ways. I'll do it their way though as they have been around longer than I've been alive:))