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Refinancing Your Mortgage After Bankruptcy!
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Getting back to normal after filing bankruptcy can't come fast enough, especially when you own a home. Two years ago I began working with bankruptcy clients who wanted to take advantage of lower interest rates. I spent months working with banks and new wholesale lenders trying to find the best deals possible. I invested countless hours helping clients scrub their credit reports in hopes of raising their scores. With a little patience and allot of elbow grease I have been successful in helping clients ravaged by bankruptcy get a fresh start. I have found there are three main ingredients necessary for a client to get refinanced.
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Buying A Home After Bankruptcy - How Long Should You Wait To Buy?
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Individuals interested in purchasing their own home strive to maintain a positive credit rating. This is achieved by paying bills on time, having a low debt to income ratio, and so forth. Nevertheless, several lenders are eager to offer home mortgages to individuals with bad credit. These mortgages have a higher interest rate, which increases the monthly payment. Although a mortgage may be attained with bad credit, the course of action is slightly different for individuals who have filed bankruptcy.
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