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Tag Archive for 'bad credit mortgage'

Today's Mortgage Insurance: Even if You're Approved, You're Not

Published by Gina Pogol on August 21, 2009 in New Home Loan . 2 Comments

While news that lender underwriting guidelines have toughened up is old stuff, and most people now know that unless they are candidates for financial sainthood they will be dinged with surcharges for everything from missing credit score cutoffs to buying a condo to obtaining subordinate financing (a second mortgage to increase your down payment). ...

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Do You Need a Bad Credit or Subprime Mortgage?

Published by Gina Pogol on August 12, 2008 in Mortgage Refinance . 9 Comments

Some of those studying the mortgage crisis have concluded that unscrupulous lenders often put borrowers with fair or good credit into expensive subprime products, jeopardizing their homes and costing them money. Undoubtedly this happened, but probably not for the reasons that you think. Consider that a mortgage broker, who has access to many lenders and many ...

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Understanding Prepayment Penalties

Published by Gina Pogol on May 23, 2008 in New Home Loan . 5 Comments

One thing you read about in connection with subprime and other loans is to beware of prepayment penalties. Maybe it's the word 'penalty' that makes this feature seem sinister. However, lenders don't expect something for nothing -- by agreeing to refrain from retiring your mortgage for a certain number of years you make lending to ...

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Time Is Money and Information Is Power-- Use Yours Wisely

Published by Gina Pogol on May 20, 2008 in Mortgage Refinance . 10 Comments

What's the Truth about Bad Credit Mortgage Lending? Here's a taste of what elected officials and the media are saying in the wake of the mortgage crisis, which first became apparent when sub-prime loans began to go bad: "Sub-prime or bad credit mortgages are evil!" "Borrowers were unable to understand (read: too stupid to figure out) ...

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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...
  • Edward De La Rosa: was on a forbearance program with two months left and now I am on permanent social security disability income.Do I...
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