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Monthly Archive for July, 2010

How Long Before Access to Mortgage Credit Returns to Normal?

Published by Gina Pogol on July 06, 2010 in Uncategorized . 0 Comments

It's no secret that mortgage money dried up during this recession, and the drought is even more pronounced for those looking for bad credit mortgages. In fact, most bad credit mortgage lenders have either gone out of business or found some other way to make money. But most industry insiders agree that lending conditions will ...

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Housing Value Declines Causing Drop in Credit Scores

Published by Gina Pogol on July 01, 2010 in Credit Score . 0 Comments

Have bad credit? You're not alone and many more folks will be in the same boat very soon, thanks to plunging housing values, unemployment, and neighborhood blight. Consider that even folks who would have sold off their firstborn children rather than pay a bill late are finding they have little choice in the matter. No ...

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Why Your Second Mortgage Can Derail Your Mortgage Modification

Published by Gina Pogol on July 01, 2010 in Foreclosure . 0 Comments

Many people with bad credit mortgages are in a bind. Even though they did everything right, getting a home loan with a short or no prepayment penalty, improving their credit rating, and putting themselves in a position to refinance into an FHA mortgage, conventional home loan, or even another bad credit mortgage but with a ...

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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....