2007-06-22 13:12:01 · 5 answers · asked by Emjay 3 in Business & Finance ➔ Personal Finance
I already own a house and refinanced last year after being only a year out of bankruptcy with a rate of 7.25.
2007-06-22 15:37:56 · update #1
and.... if you don't know of a bank to refer me to, please don't bother answering. the 2 answers below are useless.
2007-06-22 15:40:41 · update #2
if your bankruptcy is recent, I doubt you will find an affordable rate... which is one reason you may not want to buy a house right now. If you cant get a good fixed rate and payment (on a 15 yr loan or less), and a payment no more than 25% of your take home pay, I would not buy.
2007-06-22 13:19:40 · answer #1 · answered by Anonymous · 0⤊ 1⤋
Why not go to a local bank and apply for a fixed rate mortgage. It sounds like, going by what you said your bankruptcy is a couple years old. What a bank will look at is how you have handled your payments since bankruptcy. If you have never been late you have a good chance of getting a loan with a lower interest rate. Interest rates vary from institution to institution so you just have to make a few phone calls and talk to some loan officers. I would definitely go local where you could make your payments at a branch and have your receipt in hand so there would never be any screw ups with them saying they didn't get the payment in time
2007-06-23 03:14:33 · answer #2 · answered by Judy 3 · 0⤊ 0⤋
I recommend you to check this site that can solve your doubts WWW.FINANCE-SOLUTIONS.INFO
RE:What mortgage company gives the best interest rates to someone after bankruptcy?
2014-08-01 03:24:37 · answer #3 · answered by Anonymous · 0⤊ 0⤋
If your bankruptcy is recent, your FICO score stinks. The only way you will get anything close to a decent rate is to find a bank that still does "manual underwriting". That means they actually look at your financial situation and not just your FICO score.
Overall, I agree with the first answer. Buying a house may not be a good idea at this time. Clean up whatever is left of your debt and get in the HABIT of living on what you earn. After a year or so of that, you may be ready to buy.
2007-06-22 13:28:28 · answer #4 · answered by STEVEN F 7 · 0⤊ 1⤋
At this site you can find solutions from different companies: HTTP://CREDIT.PROTECTIONQUOTING.NET
RE What mortgage company gives the best interest rates to someone after bankruptcy?
#EANF#
2014-09-23 08:51:28 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Get free rates
2015-02-10 18:39:15 · answer #6 · answered by Anonymous · 0⤊ 0⤋