MortgagesUndressed

Not only do lenders and insurance companies judge you by your credit score, but so do employers. Get that score up. Know what to do. It will cost you an inquiry but our new FICO Dr. (Link on the right Folks) will show you exactly what to do to fix your score and by how much.

Why? If it is a rate they quote it is old, cannot be current. This is what prompted this article. I have been hearing the same rate by a guy named H…….. for over a week. The rates haven’t been the same for that week or more. They only seek to suck you in, take a grueling over the phone application, wear you out, and get you.

Pick a lender that…… you know the drill. Do it right. Email me if you need me to explain.

Hey Joe, don’t get mad at me over what rate you got. It ain’t my fault the market changed twice a day since our ad promised you a 5% rate. It is your fault. You waited too long to call the office.

Yes there will be and we will find them with your help. Click here for the announcement.

The advertiser condemned mortgage companies that advertise they can give you a loan with no closing costs and explained lenders charge a higher rate to pay your closing costs.

They then went on to condemn those mortgage companies that advertise low rates saying you can’t trust people who claim to have the lowest rate.

Then they began to sell the fact that they can give you low rates with no appraisal, credit report, or processing costs.

Huh?

I take it back, it wasn’t funny it was sad.

The Company Had two words in their name both starting with C.

Playing the float game is too risky. Friday I thought factors made it worth playing the down down up lock float game. So I wrote so with a delay in publishing the article until monday. Monday I saw news that would have made me lock, but it was late in the day, too late.

Had you not locked Monday on a $300,000 loan the same rate today would cost an additional $2040.00 in loan fees. Floating can be a Las Vegas type losers game. Lar

RealEstateUndressed.com and MortgagesUndressed.com has selected the following 7 articles as the best of 2006.

The criteria was to find articles written for the consumer. We used our blog reader to travel the continent in search for articles written for the consumer.

These are the 3 articles and writers selected as part of the magnificent 7 written about mortgages in 2006.

Loan Bark: FICO Strategery: Click through and read the entire article:

We are dedicating an entire blog to this important topic. From Loan Bark.

Friday, April 21, 2006

FICO Strategery

First off, this advice is designed to raise your FICO Score. This will allow you to secure a lower interest rate mortgage for your home. Do not mistake this advice with improving your overall credit health. If you are like me, and have trouble remembering to pay your credit card bills, and always having that feeling that an un-maxed credit card is burning a hole in your pocket, then this may not be the best advice. Anyway, here are some tips to improve your score.

From David Porter of Pacesetter Mortgage. He sold the company recently.

The Article is a series: Click and read

Wednesday, February 22, 2006

Home Improvement Finance 101

This is the beginning of a series on Home Improvement Financing. This series will consist of 7 important things to consider when planning a Home Improvement.

I will be adding to this series over the coming days and each of the topics below will become a link as I write each of the separate posts.

Be sure to come back and check out these articles in the coming days:

• Which Home Improvements will add value to your home?
• Should you Remodel or Move?
• The best way to finance a Home Improvement
• The 2nd best way to finance a Home Improvement
• The 2nd worst way to finance a Home Improvement
• The absolute worst way to finance a Home Improvemen

From Sellsius Blog: August 30, 2006 Click here

Buyers dutifully pay their PMI (private mortgage insurance) premiums and accept it as a permanent obligation. It is not. In the case of amortized mortgages, there comes a point in time where the buyer has enough equity (20%) to cancel the insurance. Normally, that’s some years away. But not always.

Equity in a house can reach 20% not only by loan paydown but also because of significant home improvements or appreciation in value.

Find the 4 articles written about realestate on

Congratulations to Kris Berg, Teresa Boardman, Bonnie Erickson, Maureen Francis, Loan Bark, David Porter, and Sellsius Blog. We loved the project. Larry Cragun

For new readers, most of the time I say lock at application. Especially if you are on the edge of not qualifying and a rate increase would torpedo your purchase.

With all the latest business news we might see some decline.

The game is serious if played for real. It was a way I could get borrowers that just had to play the market to only play for a short time.

The rules. You don’t lock on day one. Each business day thereafter you call me about 10AM my time. If the rate goes down, you float. If it goes up you lock and have lost. Each day it goes down you float another day. The first day up you lock.

So lets play today. I will take one of our major lenders rate sheet. I will look at a par rate, no fees and no rebate. Each day I will compare and report how much in rate or fees you gained or lost. The last two times I have done this we have had a better rate. So this may be pressing our luck.

As one client says, locking or floating is just like going to Las Vegas. Yep. Except, the difference shows up in your house payment each and evey month.

Larry Cragun.

Teresa Boardman captured these cute little bugs for us. Thanks. I think we should have a contest for submitted bugs.

This one is the nominee for cutest bugs. We should have a scarries bug category. What else?

Click Here:

Another Julian Beever Chalk Drawing.