June 2, 2009 - 10:35 pm
It seemed too good to be true, and it was. Our offer was rejected. They made a counter offer that was only a smidge less than the asking price and still thousands of dollars beyond our budget. Oh well.
Funny thing is we are pre-approval with our lender for three times that asking price. They would loan us half a million dollars for a house at the lowest available rate. Of course that would make our payments orders of magnitude over our budget. We would be completely broke and defaulting in a month.
No wonder the mortgage industry is in shambles.
