Qualifying for a Mortgage After Bankruptcy
Lenders understand that after your Chapter 7 or Chapter 13 bankruptcy, you have less debt to pay and more money to pay a mortgage. In most cases, you will have to wait for two years from the date of a Chapter 7 bankruptcy discharge date. Meanwhile, a Chapter 13 bankruptcy, which is a three to a five-year repayment plan, after 12 months of on-time bankruptcy plan payments, you can get an FHA loan.
Most people don’t take advantage of bankruptcy options Read full article