I have filed bankruptcy in the last year and dont have the best credit but i need to refinance so i dont lose my home. Does anyone know of any companies out there that will work with me?
2007-10-31 11:27:18 · 7 answers · asked by newjerseydaniel 1 in Business & Finance ➔ Renting & Real Estate
national city mortgage will, when your 2 years or more out of the b....word...
2007-10-31 11:35:16 · answer #1 · answered by karen! 3 · 0⤊ 2⤋
There are certainly companies that will do those kinds of loans, but my advice is to do whatever you can to get your credit scores updated prior to applying. There are some options, but there are lots of variables, and each case is unique. Things such as how much equity you have, and your source of income are factors along with your credit. The most critical factor will be how you have managed your credit after the bankruptcy.
Also, do you "due diligence" on any company that makes you an offer from any forum such as this one. Always check with the BBB and do a web search to check out a company that is not a household name to you.
2007-11-01 04:11:55 · answer #2 · answered by Anthony 3 · 0⤊ 0⤋
It is possible but not easy. Did you get your discharge already (was it a chapter 7?) You need to shop around until you find someone. The rate won't be amazing but you can at least get a fixed rate if you are trying to get out of a variable rate mortgage.
Just don't let any scammers trick you into a questionable deal. If it sounds too good to be true, it probably is.
2007-11-02 00:31:11 · answer #3 · answered by Lesley 5 · 0⤊ 0⤋
Think you best start looking for an apartment, BK only at most a year old, sorry had your break as with the BK afraid you are going to lose it, hard but honest truth
2007-10-31 20:12:42 · answer #4 · answered by Pengy 7 · 0⤊ 2⤋
Absolutely, go to www.restructureyourmortgage.com submit your info and a mortgage consultant will call you back in 48 hours. there is no comitment.
2007-10-31 19:45:40 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You can still go sub prime, the rates are not the best. I can give you a free quote.
2007-10-31 21:25:09 · answer #6 · answered by Anonymous · 0⤊ 1⤋
yes .....try FHA you cant have any credit lates in the last 12months......they do BK buyouts as well.
if you go elsewhere your rate will be over 8%
2007-10-31 21:40:18 · answer #7 · answered by Anonymous · 1⤊ 0⤋