MortgagesUndressed

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

I believe the reason the MortgageFraudBlog was able to publish the statistic that mortgage fraud has increased 35% is that it has been prosecuted and reported more.

I have made it a point to befriend and gain the trust of underwriters. Trust is everything in business. It is a bigger thing in the mortgage business.

I have noted just how much underwriters hate fraud. They see so many files, and become expert at knowing the family or borrower, just by what they see in the file. They can tell who are honorable, they can see the flakes.

As intolerance has become the montra for fraud, everyone from underwriters to managers, to funders have become bolder about attacking fraud. Technology is assisting.

Lenders have various checks they can do, they can verify income by the IRS, they develop instincts.

The fraud was always there, people are just getting caught more regularly.

I know I know he missspelled Strategy, but we all think content first, spelling and sentence structure second do we not? Who am I to critize spelling errors? But also, who am to miss a chance for a little fun.
Anyway, here is a complete and helpful article on your FICO Score strategy. Read it, print it, and save it. Click here and rise to the occassion.

My how people are harping about Zillow. You know your home value isn’t determined by a website. This simple article deserves a nomination as it lays out how your home value is determined. Click here

Nominate your favorite article: Written by you or another. (we won’t tell) Seven will be dubbed “Magnificent” Let us know what you are proud of or have thought superior. Help us make real estate and mortgages more transparant.

The article is to be oriented towards consumer information; about real estate or mortgages. As you can tell if you read this blog daily, that gives you some flexibility.

We will post or link to all nominated articles from our website during 2006. The author gets full credit, the winning articles are listed on the magnicant 7 Blog Roll during 2007, heck we will do all we can to make the seven world famous - Just like Lockhart Steele. I know, you ask who is Lockhart Steele?

The article must have been published in a blog during 2006.

Nominations close on January 3, 2007

The 7 that are magnificent will be announced just after the Super Bowl, 2007

There will be prizes: Not sure yet how good.

Again, we will keep a category of Magnificant Seven Canditates, so get started now, as will we.

Larry Cragun

PS: Don’t nominate an article on the Bubble. We don’t like that dirty word. This is a clean site you know.

P triple S: If you have anything to donate to the winners prizes, such as trips to Bermuda, please contact me pronto.

email your nominations to larry@realestateundressed.com

It looks like Carol started blogging in August. I have noticed a lot of bloggers write their best stuff right from the start and then lose ideas. I hope Carol keeps on keepin on.
Carol writes a great consumer article on bait and switch. A snippet for you,”

Casey Serin writes a blog spun out of his circumstances where he actually made some purchases. The confession: “

This was selected as so many people believe its a world of luxury and wealth awaiting those that decide today is the day: “I am going to pick up a foreclosure”. I have done this, and believe me it is a business, not a hobby. After 12 properties and lots of competition I decided to go into a different business. One more predictable, real estate sales.

I don’t say don’t do it, I just say it is a serious business and a lot of work.

Click Here and visit his website.

Expert blogger and Mortgage Professional David Porter of Pacesetter Mortgage Company Inc. Dave has a nice sized following for many reasons. This nomination is a must read, is in 7 parts. He has titled them Home Improvement Finance 101 Click here

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From Sellsius Blog: Subject: Getting rid of PMI

Truly a consumer service and topic of Interest. Click for the article written on 4/3/2006