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Monthly Archive for December, 2009

Getting a Mortgage When You Have No Credit

Published by Gina Pogol on December 09, 2009 in Uncategorized . 0 Comments

It's one of the many catch-22s in our society--it takes money to make money, you need job experience to get a job, and yes--you need credit to get credit. So, how fair is it to deny people mortgages because they are too smart to get themselves in debt?! Well, it isn't. The reason mortgage lenders ...

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Bankruptcy and Your Next Home Loan: Some Lenders May Cut You Some Slack

Published by Gina Pogol on December 02, 2009 in New Home Loan . 0 Comments

It's fairly common knowledge that bankruptcy can drop your credit score by hundreds of points and render you ineligible for a new mortgage for several years. You may have resigned yourself to renting for the foreseeable future. But you might not have to. The reason for your bankruptcy filing has a big influence on how ...

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Debt Consolidation Done Right

Published by Gina Pogol on December 02, 2009 in Home Equity Loan . 1 Comments

Debt consolidation can get you some breathing room and help you improve your credit rating. Like most things, debt consolidation is only worth doing if you plan to do it right. And debt consolidation right before the holiday season has its own special pitfalls. Here's a checklist for getting that debt-monkey off your back for ...

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Reverse Mortgages Can Avert Foreclosure

Published by Gina Pogol on December 02, 2009 in Foreclosure . 0 Comments

Reverse mortgages can get seniors out of mortgage credit jams. If you are 62 or better and have substantial equity in your home, you could pay it off with a Home Equity Conversion Mortgage (HECM). You could kiss your mortgage payments (and your foreclosure worries) goodbye with this FHA home loan. How does this work? Well, ...

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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

  • Gina Pogol: Yes there is. Check any updates you get in the mail from your card issuer, and look for changes like new fee policies....
  • Gina Pogol: Ye, we heard the phrase "skin in the game" more times than we could count (although one journalist made a valiant...
  • Gina Pogol: FHA allows you to qualify for a mortgage 2 years after a bankruptcy discharge. Keep in mind though that you must...
  • Gina Pogol: Rachel, it's not that hard and fast--paying the smaller ones and letting the larger ones go--for example, always pay...
  • Gina Pogol: Alan, thanks for the question. When referring to the $7,500, we are talking about Federal income tax, not property tax....