Did you buy the farm? USDA offers low interest home repair loans

Published by Gina Pogol on March 07, 2011 in Mortgage Refinance . 0 Comments

If your local economic has tanked and home values are still in the basement, you might be stuck with your home for a while. But if you live in the boonies, look into low-cost money for home repair from the USDA. Freshen up the place and make it feel, if not new, a bit new-ER. ...

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Looking for a bad credit mortgage? Think small

Published by Gina Pogol on March 07, 2011 in Uncategorized . 0 Comments

In the mortgage crisis, smaller may be better. A story in the Washington Post indicated that smaller local banks have taken advantage of the paralysis of large institutions and thrown themselves back into local lending with a vengeance. Other studies indicate that especially with lower-income borrowers, smaller lenders did a much better job at keeping ...

(1 votes, average: 5 out of 5)

HAMP reaching the middle class -- finally

Published by Gina Pogol on February 28, 2011 in Foreclosure . 0 Comments

The latest HUD scorecard shows that HAMP mortgage modifications are finally making inroads with America's middle class of homeowners. The data released this morning shows that the Making Home Affordable programs are reaching middle income homeowners and providing them with real payment relief.The January Housing Scorecard showed the following: * More than 4.1 million ...

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Less affluent borrowers not seeing "affordability" of home ownership

Published by Gina Pogol on February 28, 2011 in Mortgage Refinance . 0 Comments

Unless you live under a rock, you can't miss the headlines proclaiming record "affordability" of homes due to low mortgage rates and declines in housing prices. But for the cash-strapped, this affordability is an elusive thing. And those homeowners who do not have much cash are struggling to make crack that monthly mortgage nut in ...

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Foreclosure in 2010? Get your taxes right!

Published by Gina Pogol on February 28, 2011 in Foreclosure . 0 Comments

It's tax time (groan). If you, like many folks, went through foreclosure in 2010, you will have to deal with it when you file your 2010 return. Why might a foreclosure add to your taxable income? When you take out a loan, you get money (or in the case of a mortgage you get a ...

(1 votes, average: 5 out of 5)

Myths about shopping for a bad credit mortgage online

Published by Gina Pogol on February 15, 2011 in Uncategorized . 1 Comments

Today I read a blog post entitled "What lenders don't want you to know about shopping for a mortgage online" and decided that it contained enough misinformation that I had to correct it. Plus sometimes I get the urge to make fun of people. The blogger in question works for a lender and I guess ...

(3 votes, average: 4.67 out of 5)

FHA Streamline refinance: You might have money coming!

Published by Gina Pogol on February 15, 2011 in Uncategorized . 0 Comments

If you have an FHA mortgage and could get a lower mortgage rate by refinancing to a new FHA mortgage, you should not hold back. FHA Streamline has minimal charges, almost no underwriting requirements, and you could be owed a refund of your upfront mortgage insurance premiums (Remember, the upfront MIP was reduced from 2.25% ...

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