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Monthly Archive for January, 2010

Don't Let Bad Credit Make You Desperate! The Right Way to Shop for a Mortgage Online

Published by Gina Pogol on January 13, 2010 in Uncategorized . 2 Comments

It's amazing how many borrowers come to me with an impossible interest rate offer that they received in an unsolicited email or saw on a Web site. And they want to know why their lender down the street won't give them that rate. I tell them it's probably the same reason that their doctor can't ...

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Do You Have an Interest-Only Mortgage? Contact Your Lender

Published by Gina Pogol on January 12, 2010 in Mortgage Refinance . 0 Comments

If you have an interest-only mortgage and you've been making the payments for a few years, you need to take another look at your loan, grab a mortgage calculator, and start working on your future. Your payment may be about to go up. A lot. Interest-only mortgages were popular because they allowed borrowers to get ...

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Are There Any Subprime Mortgage Lenders Left?

Published by Gina Pogol on January 09, 2010 in New Home Loan . 0 Comments

I have spent hours searching online and have come up with zip. If you have bad credit, home loans seem to be out of your reach right now. Any search of sub-prime mortgages, bad credit mortgages, high risk mortgages, home loans for people with bad credit, or bad credit refinance comes up empty these days. ...

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Should You Walk Away From Your Mortgage?

Published by Gina Pogol on January 09, 2010 in Foreclosure . 0 Comments

Ordinarily, I'd say no, you shouldn't walk away from your mortgage. It's bad for your neighbors, bad for your credit, and bad for the economy. And besides, you're a moral person; you'd feel icky. However, I've also seen countless friends and acquaintances run through their retirement accounts and their kids' college funds and finally their ...

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Mortgage Modification: Show This to Your Lender

Published by Gina Pogol on January 08, 2010 in Foreclosure . 0 Comments

You and your lender are talking mortgage modification. You have a $300,000 mortgage on a $200,000 house. You're paying 6% because you can't refinance to a better interest rate. What would you rather have the lender do, drop your interest rate to 2% or your balance to $200,000? Most borrowers would take the $200,000 balance. ...

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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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  • 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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