MORTGAGES AFTER BANKRUPTCY
Regaining control of your financial life and
getting credit after bankruptcy can be difficult.
There are mortgage lenders that specialize in
providing 'post-bankruptcy loans'. These types of loans are
most helpful for individuals that have:
- At least one year in Chapter 13 bankruptcy
- Have been practicing a positive payment history towards
their trustee
- Own a home worth at least $130,000 in value
- Chapter 13 bankruptcy payoff amount was no more than 65%
of their home's current value.
You may be able qualify for a second mortgage if you satisfy all of
the above requirements. Get your credit back in order and
borrow some money today. A
second mortgage is one of the best means for rebuilding
credit after bankruptcy.
As mentioned, in the event that you have been in Chapter 13
bankruptcy for a minimum of one year, can exhibit a history
of timely trustee payments, and owe no more than 65% of your
home's worth and your house is valued the value at least
$130,000 you may be able to qualify.
Bankruptcy
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