I had a chapter 7 bancruptcy discharged 1/2006
2006-10-30 05:11:12 · 11 answers · asked by jeff H 1 in Business & Finance ➔ Credit
I am still puzzled on how your credit score is 660 with a Chapter 7. My husband's went down from a 660 to a 580 when we did this 2 yrs ago. We have balloon mortgage, fixed rate, through our credit union, with a rate of 7.5%, which is great for the mess we were in. Now both of our scores are 650+. I would shop around, don't use any "Loan company" go through a reputable bank or credit union.
2006-10-30 05:23:27 · answer #1 · answered by GreeneyedCowgirl 5 · 0⤊ 0⤋
I have programs with my lenders in North Carolina that would give you around a 6.75% to a 7% interest rate. Unfortantly you could not go Fannie Mae (where most of the best rates and products are) because Fannie requires you be out of BK for at least 2 years.
2006-10-30 05:19:39 · answer #2 · answered by rissybabe2210 1 · 0⤊ 0⤋
I would need more information on your file to give you a good answer. You are a sub-prime borrower at this point in time. Have you re-established any credit since the bk? If so haw many accounts and to what level? How much down payment and what loan to value are you looking to purchase. How much income and current debt ratios also figure into the equation as well.
I am a loan officer in Tennessee.
2006-10-30 05:18:38 · answer #3 · answered by golferwhoworks 7 · 0⤊ 0⤋
you would be waiting to get an FHA loan, particularly if there is an outstanding rationalization for the financial disaster (ailment, vehicle accident, scientific costs). there are lenders which will gladly provide you a loan (the cost could be somewhat greater using financial disaster, yet you may get a loan). i don't be attentive to what state you're in, yet we lend in maximum states, and that i do those loans all day long. you will possibly need an outstanding rationalization letter, and the financial disaster might desire to be discharged (can't be in financial disaster 13 and nonetheless paying). in case you have the different questions, i'm here to help
2016-11-26 19:30:39 · answer #4 · answered by Anonymous · 0⤊ 0⤋
check online with some highly recognizable mortgage companies. the rate will depend on the loan amount and the bankruptcy wont help
2006-10-30 05:15:01 · answer #5 · answered by morts 1 · 0⤊ 0⤋
Ouch on that bankruptcy this year. Shop around for the best deal, but expect to pay in the double digits for your interest rate.
2006-10-30 05:13:07 · answer #6 · answered by kja63 7 · 0⤊ 0⤋
The rate isn't in question when you get a mortgage, what's in question is whether you'll be approved or not!
2006-10-30 05:13:11 · answer #7 · answered by Anonymous · 0⤊ 0⤋
See a finance company
2006-10-30 05:12:54 · answer #8 · answered by Anonymous · 0⤊ 0⤋
the top lenders site .easy to get loan from many financial source.visit
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2006-10-30 05:32:21 · answer #9 · answered by Anonymous · 0⤊ 0⤋
CONTACT A COMPANY CALLED INDYMAC BANK.THEY HAVE A WEBSITE.ITS ONE OF THE TOP LENDERS IN THE US
2006-10-30 05:14:26 · answer #10 · answered by Anonymous · 0⤊ 0⤋