subject: How to Refinance Your Mortgage Loan After Chapter 7 or Chapter 13 Bankruptcy [print this page] Have you recently register for Chapter 7 or Chapter 13 bankruptcy and need a mortgage refinancing loan?
It is required no question that the filing for bankruptcy has a negative effect on your credit card. If you opt for a mortgage, credit card or even a small unsecured personal loans, your potential lender pulls your credit report. After a bankruptcy or chargeoff on your credit report is a red flag that the lender who tells you probably do not pay to get back your loan.
You can refinance yourMortgage after bankruptcy? The quick answer is "yes." You can use a home equity loan, HELOC, or refinance get cash loans even after bankruptcy.
Getting A Mortgage Refinance Loan After Chapter 7 Bankruptcy
If you filed Chapter 7 bankruptcy, chances are, you could keep your home. Are you one of the lucky ones in a state like Florida, California, Nevada and a number of other states which have seen significant appreciations in the house property lifeValues you can have anywhere between 5% and 50% equity in your home. You can pay off to take advantage of this equity to any outstanding debts that are left over after bankruptcy or to care for other financial needs.
The news about Chapter 7 bankruptcy is that it offers a fresh start and removes most of your debts with the exception of 19 cases in which the claims are not dismissed. These cases include child benefits, taxes, student loans, fines and restitution imposedCourts.
If you are still paying student loans or taxes there is no better time to fight them than now. Give to start fresh.
You can refinance a mortgage loan, literally the day after the Chapter 7 bankruptcy is discharged. You do not have to wait for a certain period of time. You need to find sub-prime mortgage, refinance loan lenders who specialize in cash to refinance, home equity loans and HELOCs for a mortgage program that is suitable foryour credit score it was 450, 480, 500, 550 or 600
Getting A Mortgage Loans loan after Chapter 13 Bankruptcy
Chapter 13 bankruptcy allows individuals to reorganize their finances. If a consumer files for Chapter 13, suggests the consumer a plan to repay its creditors over a 3 to 5 years. During this time, the creditor can not torture or attempt to collect on any of the previously incurred debts.
