Those who’ve filed for Chapter 7 bankruptcy need to wait at least 4 years after a court discharges or dismisses your bankruptcy to qualify for a conventional loan to buy a home. The amount of time you need to wait to apply for a conventional loan after a Chapter 13 bankruptcy depends on...
Perhaps one of the most misunderstood guidelines in the mortgage world as it relates to buying a home after bankruptcy. Today I go deeeeeeeep into what it takes to buy after BK, and have surrendered a house in that bankruptcy (regardless of foreclosure date). Learn more at BalancePro...
Buying a vehicle that is too expensive or buying one too soon after bankruptcy won’t help you, and it could send you hurtling back over the financial abyss. But by very carefully obtaining an auto loan with terms you can handle, you can begin to re-establish your creditworthiness. “If ...
Bankruptcy could be your best option for solving your financial problems, but it will remain on your credit for up to ten years. Waiting at least two years after debt relief can help you get better loan terms and a better interest rate....
Having outstanding student loans won't help you become a homeowner, but the obstacle is not an insurmountable.
Loan-to-value ratio,which is the loan amount divided by the house purchase price. If you have ahigher down payment, your LTV ratio will be lower, and vice versa. Negative credit history,such as defaulted loans, foreclosure or bankruptcy. For example, you need to wait two years after b...
January is a slow time for real estate agents in most markets, so now is good time to find one to sit down and discuss what type of home you want, Tucker said. Picking someone should be your first step so you can avoid "scrambling to find an agent once you've found a house you ...
Your house needs minor or majorrepairsand may seem hard to sell. Your job or family situation has required you torelocate. Abankruptcyis leading you to seek the sale of your house instantly. Yourdivorcehas left you and/or your ex- with a house thatmustbe sold. ...
After a kitten nearly died in a house fire, what the N.J. EMT who helped save him did next is inspiring Police in N.J. seek help identifying man wanted in attempted abduction of a young girl Thank you for relying on us to provide the local news yo...
Buying a house after bankruptcy is possible, but it will take some patience and financial planning. It's important to check your credit reports regularly to make sure everything that should be there is there—and nothing is there that shouldn’t be. You can start rebuilding your credit...