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Answers (4)
- Elisa Mullins, CPM, Broker, "discountrealtor"
- Contributions:515
Please contact a local lender or mortgage broker that can help you find out what you need to do to start the process to repair /rebuild your credit; most lenders/investors will require at least a 3year history of clean credit after a discharge. You will need to work hard to repair the credit and get all in order so that you can take advantage of the lowest rate possible ; Dont fall victim to very high rates and rush into a risky loan situation;
good luck;
good luck;
- Jim McCall, "Jim McCall"
- Contributions:5
Your best advice will come from your attorney. Second- a mortgage officer or a local credit advice person. There are publicly funded agencies that will assist in repairing or building good credit.
- wetdawgs
- Contributions:26830
There are many factors that go into determining the answer to your question. When you talk to lenders, these are some of the things they'll ask: When was the date of discharge? what type of bankruptcy? What was included in the bankruptcy (e.g. a home?)? How are your credit scores? How much down payment do you have?
The answer tends to be several years.
The answer tends to be several years.
- Adam Nash, "Adam Nash"
- Contributions:2
I am only a real estate agent, your best option is to talk to a mortgage company, so they can go over everything personally.
I have talked to a few mortgage brokers and they have said it is best to wait 4 years. And rebuild you credit during that time. You will get a better interest rate the longer you wait. Good luck!
I have talked to a few mortgage brokers and they have said it is best to wait 4 years. And rebuild you credit during that time. You will get a better interest rate the longer you wait. Good luck!
I RECENTLY FILED BANKRUPTCY, WHEN WILL I BE ABLE TO APPLY FOR A HOME LOAN
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