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Applying for a mortgage post-bankruptcy is similar to a regular application — only with a few extra steps. That way, when your bankruptcy discharges, you’ll be on the road to homeownership. 1.
There’s typically a waiting period after bankruptcy before applying for a new loan, including a mortgage. ... 640 credit score to apply. The home you want must also be in a qualifying area ...
Key takeaways. Refinancing your mortgage could make sense for several reasons: lowering your interest rate, taking cash out or switching to a fixed-rate loan.
Home equity loans. With a home equity loan or line of credit (HELOC), you take on an additional loan or line of credit rather than replace your mortgage. If you have a stellar interest rate right ...
Chapter 13 bankruptcy offers a way to reorganize and pay off debts over three to five years without losing essential assets like a home or car. It provides a structured repayment plan and an ...
The process for a cash-out refinance is similar to a regular refinance but requires a larger loan: the balance of the old mortgage and cash borrowed against the home’s equity.
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