Archive for the 'New Home Loan' Category

Late on your mortgage? Here's what happens to your credit score

Published by Gina Pogol on April 12, 2011 in New Home Loan . 0 Comments

FICO recently released the info we all want on its Banking Analystic Blog, and now you know the effects of late payments on your home loans. For people with bad credit, the effect is less than it is for those with good credit. Take a look!

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71% of Americans believe mortgage credit is a problem

Published by Gina Pogol on February 09, 2011 in New Home Loan . 0 Comments

A recent survey of 2,000 found that over two-thirds of people think that access to mortgage credit is a serious national problem. Many also feel that the process of getting a mortgage needs an overhaul: 23% indicated that applying for a mortgage was difficult because documentation requirements from their lender kept changing 22% claimed their lender used ...

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Don't Be Snooki

Published by Gina Pogol on January 26, 2011 in New Home Loan . 0 Comments

There is a time for ignorance about financial matters. Your parents pay the mortgage and taxes, you go to school, hang out with friends, and blow your allowance at the mall. But you really can't be an adult without understanding finances and that includes mortgages. According to TMZ, Jersey Shore's Snooki Polizzi has no idea ...

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What do home prices do when mortgage rates increase?

Published by Gina Pogol on January 26, 2011 in New Home Loan . 0 Comments

There are two schools of thought here. One is that when the economy heats up, inflation kicks in, mortgage rates for new homes rise, the cost of building increases, and rents go up. Naturally, home prices go up as well. It makes sense for a couple of reasons -- first, if it costs more to ...

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FHA Mortgage rates are not regulated by the government

Published by Gina Pogol on December 01, 2010 in New Home Loan . 1 Comments

A report by Community Research for Action found that home buyers in areas with high minority populations were more likely to get FHA mortgages designated "high cost." This also held true for those buying in lower-income neighborhoods. And yes this blows big green boogers but it's not the point of this blog post. Lenders tried to ...

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Are mortgage costs different depending on where you live?

Published by Gina Pogol on November 19, 2010 in New Home Loan . 0 Comments

Whether you are shopping for a bad credit mortgage or not, it may surprise you that mortgage costs are not the same across the country. HUD estimates that home buyers in non-recourse states (states that don't allow lenders to sue you if your foreclosure property sells for less than the balance of ...

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Buying cheaper than renting? In at least 18 cities it is.

Published by Gina Pogol on November 02, 2010 in New Home Loan . 0 Comments

Well, this is weird. The economy is not happy, people have less money in their pockets, landlord's costs (mortgage interest) is lower, homes are cheaper, and yet rents are...up?! Yup. Rents in the third quarter were up 2.6 percent nationally over a year ago, and with occupancy rates climbing sharply, to 93.9 percent. According to ...

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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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