Most people keep telling me I have to wait 2 years before I can get approved for a mortgage loan. Does anyone know a lender that will do it before the 2 years is up?
You have to really check the local telephone book, read many adds in the local newspapers and call many mortgage brokers/bankers. Looking in the local newspaper you would be looking for ads that read
These are individuals that would or might over look your current credit situation if you can make them understand why you did the bankruptcy.
When you call and talk to these mortgage brokers make sure you explain to them that you have recently had a bankruptcy and not find it out after they have ran your credit report. This would save them time as well as they would give you an answer immediately so that you might move on to the next mortgage broker on your list.
The other things you would be looking for in your local newspaper are ads such as these
#1. House for sale Owner will Carry
#2. House for sale Bankruptcy and foreclosures ok
#3. House for Sale no credit necessary
#4. House for sale rent to own or lease option to buy
Normally there is a 2 year wait with rebuilt credit before a lender will consider lending anyone money to purchase another house. Some might consider you for a mortgage loan after a year, but the norm is about 2-3 years.
Nothing ventured nothing gained
I hope this has been of some benefit to you, good luck.
"FIGHT ON"
Your insurer.
References :
your just asking for a bunch of adds for your answers from mortgage companies
References :
Not in these economic times. And it’s more like 7 years instead of 2,
References :
You have to really check the local telephone book, read many adds in the local newspapers and call many mortgage brokers/bankers. Looking in the local newspaper you would be looking for ads that read
These are individuals that would or might over look your current credit situation if you can make them understand why you did the bankruptcy.
When you call and talk to these mortgage brokers make sure you explain to them that you have recently had a bankruptcy and not find it out after they have ran your credit report. This would save them time as well as they would give you an answer immediately so that you might move on to the next mortgage broker on your list.
The other things you would be looking for in your local newspaper are ads such as these
#1. House for sale Owner will Carry
#2. House for sale Bankruptcy and foreclosures ok
#3. House for Sale no credit necessary
#4. House for sale rent to own or lease option to buy
Normally there is a 2 year wait with rebuilt credit before a lender will consider lending anyone money to purchase another house. Some might consider you for a mortgage loan after a year, but the norm is about 2-3 years.
Nothing ventured nothing gained
I hope this has been of some benefit to you, good luck.
"FIGHT ON"
References :
Chpt 13 you can get a loan while still in bankruptcy- after 12 months clean payment history to trustee & credit score of 620. Chpt. 7 it’s 2 years after discharge, 3 years if you lost a home in it. There are NO exceptions. Your score will also need to be 620 or higher.
References :
23 years mortgage business.