Comments on: Is it true that no one will refinance a mortgage immediately following a bankruptcy discharge? http://www.refinance--blog.com/other-business-finance/is-it-true-that-no-one-will-refinance-a-mortgage-immediately-following-a-bankruptcy-discharge Refinance Information and Deals Sun, 20 May 2012 20:49:41 +0000 http://wordpress.org/?v=2.7 hourly 1 By: Jon S http://www.refinance--blog.com/other-business-finance/is-it-true-that-no-one-will-refinance-a-mortgage-immediately-following-a-bankruptcy-discharge/comment-page-1#comment-435 Jon S Thu, 11 Dec 2008 19:09:16 +0000 http://refinance--blog.com/other-business-finance/is-it-true-that-no-one-will-refinance-a-mortgage-immediately-following-a-bankruptcy-discharge/#comment-435 Yes, with today's tighter guidelines, one will need to wait between 2-3 years before getting a home loan or refinancing. This is why it's important to get a fixed rate. One thing to note, if you're home was included in the bankruptcy, your credit may report the home as a foreclosure--in which you'll have to wait longer than 3 years. It's a good idea to have someone pull your credit after a bankruptcy to make sure all of the accounts that were supposed to be included where, in fact, included. I'm a licensed mortgage broker in Austin, Texas. My company is Yes, with today’s tighter guidelines, one will need to wait between 2-3 years before getting a home loan or refinancing. This is why it’s important to get a fixed rate. One thing to note, if you’re home was included in the bankruptcy, your credit may report the home as a foreclosure–in which you’ll have to wait longer than 3 years.

It’s a good idea to have someone pull your credit after a bankruptcy to make sure all of the accounts that were supposed to be included where, in fact, included.

I’m a licensed mortgage broker in Austin, Texas. My company is

]]> By: going postal http://www.refinance--blog.com/other-business-finance/is-it-true-that-no-one-will-refinance-a-mortgage-immediately-following-a-bankruptcy-discharge/comment-page-1#comment-434 going postal Thu, 11 Dec 2008 13:22:10 +0000 http://refinance--blog.com/other-business-finance/is-it-true-that-no-one-will-refinance-a-mortgage-immediately-following-a-bankruptcy-discharge/#comment-434 I don't think that is necessarily true. If you did not include the mortgage on the bankruptcy and have a good history on paying the mortgage, no late payments etc. I would start with the company that currently holds your mortgage. You may have to pay a higher rate because of the bankruptcy but that does not mean that they will not refinance it. I don’t think that is necessarily true. If you did not include the mortgage on the bankruptcy and have a good history on paying the mortgage, no late payments etc. I would start with the company that currently holds your mortgage. You may have to pay a higher rate because of the bankruptcy but that does not mean that they will not refinance it.

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