ronald m asked:
even with the mortgage meltdown, can i still get a home loan after 1 year post bankruptcy? my middle credit score is 624. i just paid off a $1000 credit card and the impact (if any) from that isnt showing on my credit report yet. if i have a chance, can someone please point me in the right direction.
Reginald
even with the mortgage meltdown, can i still get a home loan after 1 year post bankruptcy? my middle credit score is 624. i just paid off a $1000 credit card and the impact (if any) from that isnt showing on my credit report yet. if i have a chance, can someone please point me in the right direction.
Reginald
Tags: Credit Report, Credit Score, Right Direction
I have been out of the industry for a few years now, but I hear that 100% financing is still possible. Talk to a local mortgage broker. If you don’t know any, ask your realtor to refer you to one.
Best of luck!
I doubt it. You would want a reputetable institution, and at this time most of those aren’t taking any chances. There are hackers out there, hence the name.
100% mortgages basically disappeared with the sub-prime mess and collapse of the housing market. Add to that your very recent bankruptcy and you basically have no chance. What is amazingly surprising to me is that so soon after the financial mess you put yourself into, it appears you haven’t learned a single thing. You are actually out there looking for 100% financing after you have proven for all to see that you can’t handle credit? Have you learned absolutely NOTHING? Luckily for you no reputable lending instutution will allow this. Perhaps a loan shark. But if you try to ***** them the way you reecently screwed all your recent creditors. It will be much more painful to you.
You have no shot at getting any type of a mortgage a year after bankruptcy….100% or otherwise. It is going to be a long time (think years, not months) before any mortgage company is going to trust you as you have clearly proven you can’t handle debt. This is especially true with the housing market meltdown and the sub-prime mortgage mess.
Sorry to be harsh, but you need a serious dose of reality. Get used to renting. Good luck.
There is a possibility, but more information is needed. Please feel free to email me.(Email is on profile.)
need more information (income, asset, and etc), but check this web site. You might be able to find a lone.