Author Archive for Gina Pogol

Refinancing with HARP 2.0

Published by Gina Pogol on January 17, 2012 in Mortgage Refinance . 0 Comments

The U.S. government's Home Affordable Refinance Program (HARP) was a bit of a dud the first time around. If you were underwater and your lender chose not to participate in the program, you were out of luck. That's changed with HARP 2.0. Here are the basics of the new HARP and how it may help you.

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Should you close a credit account to boost your score?

Published by Gina Pogol on January 16, 2012 in Credit Score . 0 Comments

With bad credit mortgages off the table in tight qualifying times, many with bad credit are desperately trying to increase their scores to make themselves eligible for FHA financing. But there is a lot of misinformation about what's involved with getting your FICO above 580.

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Refinancing in a declining market

Published by Gina Pogol on January 13, 2012 in Mortgage Refinance . 0 Comments

Talk about kicking you when you're down! Many lenders impose stricter credit and property requirements on unlucky folks whose only sin is to have purchased a home in a neighborhood with declining home prices. Here's what you need to know about refinancing in distressed markets.

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Self-employed and have bad credit? Getting a loan with no credit check

Published by Gina Pogol on January 12, 2012 in Home Equity Loan . 0 Comments

Bad credit home equity loans with no credit check are not exactly falling out of trees. However, if you are self-employed and your business accepts credit cards, you might be able to borrow without your credit problems getting in the way.

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Are you a foreclosure waiting to happen?

Published by Gina Pogol on January 11, 2012 in Foreclosure . 0 Comments

According to a new COUNTRY Financial survey, two-thirds of Americans with mortgages could end up in foreclosure if they undergo a "normal" stint of unemployment. The difference between the months these folks could pay their mortgages if laid off and the amount of time they could expect to take to find a new job is called the "mortgage gap." What's your mortgage gap, and what can you do to shrink it?

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Sue your lender in small claims court?

Published by Gina Pogol on September 20, 2011 in Credit Score . 0 Comments

When it's homeowner versus mortgage lender, the deck can feel decidedly stacked. But if you feel you aren't getting a fair shake, you may have recourse through the court system, and you may not even need a lawyer.

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My lender won't approve my short sale!

Published by Gina Pogol on September 20, 2011 in Foreclosure . 0 Comments

Short sales would seem like a win-win when owners can't afford their homes: The lender gets a better price than it would in a foreclosure sale, and the buyer gets out from under the property with fewer credit problems. There's a reason, however, that 90% of short sales never happen.

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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....