MortgagesUndressed

Are you a man or woman of conviction? A few of you aren’t. I see it in life, afraid to tell the truth to the wife.

But this article is about the web. Occassionally someone pops up and disagrees with me. I actually appreciate this. Kath will tell you I am wrong a whole lot of the time. But I have my opinions and I take it seriously when I post them here. Any comment I make is either sarcastic and fun intended (which I am sure you can spot) or designed to give you a thoughtful and experienced opinion.

The blogoshpere is a forum. You can disagree and post your opinion. Brave blog authors post opposing opinions. I do. However when someone disagrees and comments so, If he or she that disagrees, stays anonymous they have no credentials, their words are thin.

A few days ago I wrote an article telling people who were closing within a 30 day period to lock their loan. Floating is always a dangerous thing, especially if a higher rate knocks you out of qualifying. That often has tragic consequences. My friend in the computer, Teresa Boardman of St. Paul, Minnesota picked the article up and posted it on her website.A spineless dude going by the name of John Daly, offering a phony email took the article to task. Teresa asked me to respond. I did.

John or whoever he is Spineless Daly missed an opportunity for public service. He missed an opportunity to further his career. If he disagrees with me and can add serious content as to why, and is willing to carry on a discussion on line we all win. We win by assesing the discussion. You win by evaluating two viewpoints. Then you make a better decision. That is one of the great things about the blogosphere.

John Daly, John Daly come out from the dark. A discussion is awaiting. The blogosphere needs you. Be a man. Put a brace on that spine. A challenge is awaiting, we are losing time.

CLICK HERE AND JOIN THE CONVERSATION On St. Pauls best blog.

Larry Cragun

This Woodbury lesson is for the first time home buyer. So you see the market going away from you. Prices are rising and you don’t qualify. What is the solution?

Woodbury would say, “Work Will Work When Wishey Washey Wishing Won’t”

Yep, go to work. Work on whatever is in the way. Also work on learning the mortgage game. Work on learning where affordable housing is and work on qualifying for it. Work on your income. Work on and work off your debts. Work on self control over your spending.

Pardon the Poem, some say pseudo poem.

Oh, your hopes are low

and your scores are lower.

Your wish for a home

sees a path slow, even slower.

But your body is strong

or you have brains - not brawn,

so in your quest for a home

just go to work - don’t worry.

So work is the answer and

get a new job or two.

Reign in the spending on her, on you.

Here the lesson is

work will work and carry you through.

Now, put those hopes on high

and from that new job gain hope

as work will work

when wishy washey wishing won’t.

Larry Cragun

Those pesky little devils

they make it sound so good.

Give us your name and email

well loan you what we should.

Along the way we sell your name

to all the eager lenders.

You, you receive a ton a fame

And to us we are the best

of mortgage lead vendors.

Larry Cragun

Teresa called it bugs undressed. I said don’t bug me on Saturday. I am here to warn you the next three are scarry or strange. Drop by. If your home has bugs, go to PointePestControl.com.

From their website: Our home is probably the largest investment that most of us will ever make. Let Pointe help safeguard this investment from pesky invaders and damaging pests. With our exclusive PointeGuard Exterior Protection and our PinPointe Interior Service, our highly trained and certified specialists will create a pest free sanctuary for you and your family.

Make the switch to Pointe and find out what others already know; that nobody takes care of their customers like Pointe. Nobody.

If you have a loan in process and you will be closing within 30 days, it is time to lock. I believe that this is one of the typical Decembers where rates will go up. Economic forces are part of it, gas prices have climbed since the election, even the dollar is having its part.

Along with economic forces December is the time of year that most mortgage employees are encouraged to take their vacations. The market is slower and that is when management can afford its processors, funders, document departments, etc. to take time off. With that in the mix, it is less a priority to be quoting low rates.

My advice - lock now. Larry Cragun

Try me and see. My address is P O Box 1243, Issaquah Wa. 98027

Be sure ane include your return address. I wouldn’t want to disappoint you.

(By the way - that is what you are doing when you deal with the online companies that offer you a rebate)

The Famous African Fattail Scorpion….. Commomly known as the St Paul Terminator.

Remember, don’t bug me on Saturday.

My heart is thankful this day, click here for the sincere story.

Stay here for the jovial one:

First Teresa pushed me to bring you bugs undressed on Satuday, and when I tried to quit she urged me to bring them back. Now she challenges me to what may be an annual event.

Turkeys Undressed. OK Teresa, you asked for it.

Had enough?

A video found by Curtis Cragun on a new technolgy. Click here in awe.

Question: I have enough money to make a 5% down payment and closing costs. What is the program to get the lowest payment?

Answer: The way to have the lowest payment is to use a negative amortization ARM. Most lenders want more than 5%, but in some markets you can find it with 5% down, providing you have good credit. This loan is risky in that you are making payments much lower than interest so you are building up your loan balance with each low payment. If your home doesn’t rise in value you could end up in a crippling financial situation.

Another way, less risky, to have low payments is an interest only program. You are not required to pay principle, but may. Some banks add to the interest rate to allow you to avoid mortgage insurance. This is often a good choice.

Larry Cragun