Archive for the 'Uncategorized' Category

What Happens if You Let Your Homeowners Insurance Lapse?

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

When you buy a new home ore refinance your mortgage, bad credit lenders require that you show proof of acceptable hazard insurance. This protects you and the lender in case a fire or other disaster destroys your home. But what if money gets tight and you can't swing the insurance payments? Can you let the ...

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Do Bounced Checks Affect My Mortgage Application?

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

Many people have conflicting information about the effect of overdrafts on a mortgage application. Does a bounced check affect your mortgage approval? And the answer, infuriatingly, is "it depends." Mortgages are often underwritten electronically. And the software can't see your overdrafts. At least today, there is no provision for underwriters to enter the number of bounced ...

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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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What Is Reverse Redlining and Is it Something You Should Worry About?

Published by Gina Pogol on June 30, 2010 in Uncategorized . 0 Comments

Mortgage companies always seem to be in the news lately, and today is no exception. Articles about one large lender's alleged practices, and how attorneys general from various states are reacting, have been popping up all over in the last three weeks.  They demonstrate that reverse redlining is not just the province of sketchy boiler-room ...

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Mortgage Modifications: HAMP Is Not the Only Game in Town

Published by Gina Pogol on June 22, 2010 in Uncategorized . 0 Comments

Your income is down. Your expenses are up. You'd like a mortgage modification but your property is a rental. Or your loan is too large. Or you got into a trial mortgage modification but were not given a permanent one. Are you destined for foreclosure? Probably not. Mortgage servicers reported to HUD that between April 2009 ...

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What Is Score Power, and Can it Help Improve Your Credit?

Published by Gina Pogol on May 07, 2010 in Uncategorized . 0 Comments

Many people with bad credit wonder how long it will take to get a FICO score that will allow them to get a mortgage, or refinance to a better mortgage. What if you pay all of your bills on time for the next 6 months? What if you close a couple of accounts? What if ...

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More Regulation for Payday Lenders

Published by Gina Pogol on April 23, 2010 in Uncategorized . 0 Comments

If you have bad credit, chances are good that you have taken out a payday loan at least once. So new legislation introduced today may affect your bad credit and your borrowing. The Payday Lending Limitation Act of 2010, sponsored by U.S. Sen. Kay Hagan, seeks to curb practices of payday lenders considered ...

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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....