Archive for the 'Mortgage Refinance' Category

Over half of borrowers in bad credit mortgages could have qualified for prime loans

Published by Gina Pogol on September 21, 2010 in Mortgage Refinance . 0 Comments

According to the Center for Responsible Lending, over half of those folks who got home loans for people with bad credit in 2006 could have qualified for cheaper mortgages, either FHA or conventional. Some activists contend that this was due to predatory lending practices, that is, lenders steered folks into loans with higher rates to ...

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More Americans Experiencing Mortgage Credit Problems

Published by Gina Pogol on August 26, 2010 in Mortgage Refinance . 0 Comments

The latest home sales reports show that we have a lot to be worried about, and that an economic recovery in the near future cannot be taken for granted. But what's scarier to analysts is an increase in the number of homeowners just beginning to have trouble paying their mortgages. Nationally, the percent of loans ...

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Have Bad Credit and Home Equity? There's a Scam with Your Name on It

Published by Gina Pogol on August 02, 2010 in Mortgage Refinance . 0 Comments

Older home owners in modest neighborhoods are especially likely to find people going door-to-door with refinance offers. Why? Because older folks are more likely to have accumulated a lot of home equity, and those in less affluent areas are more likely to have loans for people with credit problems. That makes them and others with ...

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Bad Credit Mortgage Refinance Alternative: Modification Through LoanPort

Published by Gina Pogol on July 26, 2010 in Mortgage Refinance . 0 Comments

If you have bad credit, mortgage lenders are hard to come by these days. But that doesn't mean you have no hope of getting a better deal on your home loan. If you have a bad credit mortgage, mortgage rates may be much lower than the rate on your current mortgage. As long as you ...

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My Home's Value Has Dropped: Will I Pay Mortgage Insurance Forever?

Published by Gina Pogol on July 10, 2010 in Mortgage Refinance . 0 Comments

You bought your home with a 10% down payment, thinking in a couple of years, you'd have enough home equity to refinance and dump the mortgage insurance policy. But it's been four years and your home is worth less than it was when you bought it! Are you doomed to pay for mortgage insurance forever? No, ...

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Get a Reverse Mortgage with Bad Credit -- But Be Careful

Published by Gina Pogol on June 18, 2010 in Mortgage Refinance . 0 Comments

Reverse mortgages are the only home loan products in which people with bad credit don't pay any more for their loans than people with good credit. And as long as you don't have an active (not discharged) bankruptcy going, your credit problems won't keep you from getting a mortgage approval. But people with bad credit ...

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Protecting Your Privacy When Applying for a Bad Credit Mortgage

Published by Gina Pogol on June 08, 2010 in Mortgage Refinance . 2 Comments

Have you ever worried about the extremely personal information you supply to mortgage brokers or loan officers when you apply for a bad credit mortgage? Think about it -- you give them your Social Security number, home address, employment, birth date -- pretty much everything an identity thief needs to wreak havoc on your financial ...

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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...
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