Articles listed under: Applying for a mortgage after bankruptcy
Going through bankruptcy is a horrible experience and can take a long time to get over. Once your bankruptcy discharge has been issued and the dust has settled, it is time to think about rebuilding your financial status and getting things back on track.
This of course is going to take time, and depending on the type of bankruptcy you filed for it will stay on your credit report for either 10 years if it is a Chapter 7 bankruptcy or 7 years for a Chapter 13, although this can also stay for 10 years in some circumstances. However, this does not mean you have to wait 7 or 10 years before you can start to apply for credit again, of course y..........................
READ FULL ARTICLE
Applying for a mortgage after bankruptcy is a process that will take patience and time. Most lenders will want you to wait for a least 2 years following your bankruptcy discharge date before considering you for a mortgage, but in some cases you may be able to apply after 18 months, others may have to wait for 2.5 years. It is of course all down to the discretion of the lender, and the criteria they set for their lending.
You will need to approach a lender that specialises in bad credit lending, and they will be able to advise you of their lending criteria. As a general rule you will find that most lenders will require you to have proof of ..........................
READ FULL ARTICLE
