MortgagesUndressed

Some do have stinky reputations you know.

Here is an article you should read: Loan officer or borrower. Thanks Christi Lundquist. CLICK HERE

Here is a part of it: As a consumer, the best protection that you can give yourself is education. Read all documentation BEFORE you sign. Don’t just trust that your mortgage broker or lender is going to be completely honest with you. Remember - their paycheck depends on the outcome of the transaction. If you feel uncomfortable, don’t give in to pressure

Visit The Mortgage Reports Website for an indepth article on interest rates.

Yesterday Tiger Woods did. Sure he won the British Open, but it was after where he really showed class.

It makes you think that what we do for a living in life is less important than how we go about doing it. If you have had a chance to see or hear his acceptance speach you know what I mean.

I hope to use this site to motivate people to step a bit higher in how they do their business, in this case buying, borrowing, and providing those services. Larry Cragun

I still dont know where Grandma got the P s and Q s thing.

But I do know what it meant. Add to that your FICO, check it regularly even if it costs a bit. Larry Cragun

CLICK HERE TO SEE 4 GREAT BEAR PICTURES

Seven years, Ten for bankruptcy.

Collections and legal actions such as judgements continually hold the score down during the seven years.

The time to fix a legal action is quickly, except when you are applying for credit. Paying off an old collection actually pulls the score down by making it a current issue.

When a problem shows up during the mortgage process, work with your loan officer for timing. It may be better to leave it alone and agree to pay off the collection as a condition of closing the loan, at escrow.

Note then, the older a negative item is, the less it influences the score.

You can tell this, by the car they drive -

and if they are layed back and relaxed.

Like with this guy.

Michael T Mahoney has just posted a good article on this. CLICK HERE

False Income Documents and Verifications Underlie Indictment of Missouri Couple

I address a July 20 article that appeared on the mortgage fraud blog. Ida Mathis, 52, Kansas City, Missouri, and Larry D. Wills, 50, Kansas City, Missouri, were charged in a two-count indictment returned by a federal grand jury in Kansas City, Missouri for wire fraud and money laundering as part of a fraudulent mortgage transaction.

One of the federal indictment alleges that Mathis and Wills, aiding and abetting one another, defrauded New Century Mortgage

by submitting false documents

with a $472,500 loan application in connection with the property located at 100 W. Bannister Rd., Kansas City, Missouri. CLICK HERE FOR FULL ARTICLE

Please understand the crime you commit if you submit a false document.

It isn’t worth it.