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Monthly Archive for October, 2009

In Trouble with Your Mortgage Lender? Check Your Checking Account

Published by Gina Pogol on October 12, 2009 in Foreclosure . 0 Comments

If you are experiencing financial difficulties, you may have decided that you can't afford to make your mortgage payment. Or you may be waiting for a loan modification from your lender. But in any event, if your checking or savings accounts are with a bank that also has your mortgage, you should move them--or you ...

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Why 15 Year Mortgage Rates Are so Much Lower

Published by Gina Pogol on October 12, 2009 in Mortgage Refinance . 0 Comments

Experts say that rates on 30-year fixed rate mortgages have gotten as low as they will go and have begun rising. In fact, the spread between the 10-year treasury rate and the 30-year mortgage, which is typically 1.7% if you don't pay any points, has increased to about 2%. But 15 year mortgage rates ...

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Joining the Party: Mortgage Loans for the Unemployed

Published by Gina Pogol on October 12, 2009 in Mortgage Refinance . 0 Comments

With all the fanfare surrounding the Making Home Affordable program, it's easy to forget that one of the largest causes of foreclosure remains unaddressed--most lenders refuse to modify or refinance home loans for the unemployed, even when simply refinancing to today's lower rates would make the loan safer. Generally, there are guidelines that require the ...

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Teachers, Firefighters, Police, and EMTs Can Get 50% Off Their Home Prices

Published by Gina Pogol on October 07, 2009 in Mortgage Refinance . 0 Comments

No, that's not a misprint. It's a HUD program called Good Neighbor Next Door and it's designed to get valuable public servants into homes in their communities. If you buy a house under this program, you must commit to living in it for at least three years. How does it work? Single family properties ...

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The Truth About Mortgage Modification: What www.MakingHomeAffordable.com Doesn't Tell You

Published by Gina Pogol on October 02, 2009 in Foreclosure . 1 Comments

You're in trouble with your home loan. Your income has dropped. Your expenses have not. You've been dipping into your savings to make your payments, and they're almost gone. Your retirement account is all you have left. Can you get a mortgage modification? You check www.makinghomeaffordable.com and take the quiz on the site to see ...

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Mortgage Modification May Not End Mortgage Credit Problems

Published by Gina Pogol on October 01, 2009 in Foreclosure . 1 Comments

Over half of homeowners who get a mortgage modification or forbearance don't get the happy ending they expected. They simply get behind on their payments again according to a new report by bank regulators. More than 50% of mortgage borrowers with loans modified in the first half of last year had missed at least two ...

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About Mortgage Credit Problems

Specializing in Bad Credit Mortgages… Because Life Doesn’t Always Turn Out Like You Planned. A sick child, a few late bills, or an unexpected expense can easily get you off track and your credit may suffer, but we don't think you should miss out on the opportunities available to everyone else.

Gina Pogol

Gina Pogol

About the Author:

Gina Pogol writes for an online media company about mortgage and finance. In addition to a decade in mortgage lending, she formerly consulted for Experian and other credit bureaus, and worked as a tax accountant for Deloitte. She has a BS in Financial Management from the University of Nevada.

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Recent Comments

  • Capsiplex: Interesting idea, where can I learn more about this?
  • Plavuse: Ues, but not everthing black and white, something is gray :) Miranda
  • Robin: If you have a bad credit history still the loan market place is full of lenders who are ever willing to offer you a...
  • Laura: similar situation to Crystal above. Except, our FHA mortage was included in BK, but we have kept the payments up and...
  • Edward De La Rosa: was on a forbearance program with two months left and now I am on permanent social security disability income.Do I...
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