does anyone know of any companies that will do a refinance after only 4 months in bankrupcy and all payments to the court trustee have been on time and so has my mortgage payments.i am looking to refi away from my current lenders ( they are not good to deal with) and start fresh and work on my credit score to repair it.Need a lender we can trust.thank you
2007-08-01 08:36:50 · 5 answers · asked by Bobbie 4 in Business & Finance ➔ Renting & Real Estate
I've been in bankruptcy for a year and a half. I still cant get anyone to help me get out of my mess. but If you wait a little while you will start getting all kinds of letters in your mail offering loans. I don't know how good they are but check them out. usually they start after you've been paying for about 6 months. Good luck
2007-08-01 08:47:14 · answer #1 · answered by blayzesmom 2 · 1⤊ 0⤋
You can payoff your chapter 13 or stay in your chapter 13 by going FHA - after 12 months of on time (regular payments)
http://www.hud.gov/offices/hsg/sfh/nsc/faqgnsrv.cfm
There are companies that will allow you to payoff your chapter 13 if you have enough equity in your property. You will be going subprime and the rates for subprime are currently high for a fixed rate. You will want a fixed rate. Unless you do not plan on living in your home more than 5 years, than you could go with a 5 year fixed adjustable. I do not advocate adjustables, and try to get my clients into a fixed rate. If you can stay in your chapter 13 for 8 more months, than you can go FHA. As long as you are timely on all your DEBIT that is on your credit report. FHA does not allow any lates Period in the last 12 months. FHA would be the best way to go, and get a better rate, if you can stay with your lender for 8 more months. If not you are talking a fixed rate in the 10-11 percent or higher.
If you really want to refi out - please do not have many pull your credit (ok). Speak to a loan officer, broker. One that works can submit your loans to various lenders. Ask what their closing costs are.
Good luck to you
2007-08-01 17:08:15 · answer #2 · answered by W. E 5 · 1⤊ 0⤋
No It will take at least two years in order to get any reputable companies.
2007-08-01 16:11:26 · answer #3 · answered by Pengy 7 · 0⤊ 0⤋
If your BK is not discharged no one can help you.
2007-08-01 16:31:53 · answer #4 · answered by taz4x4512 4 · 0⤊ 0⤋
NO
2007-08-01 15:41:50 · answer #5 · answered by ? 4 · 0⤊ 1⤋