A bankruptcy filing delivers a devastating blow to your credit and FICO score, but it doesn’t mean you have to wait before you can qualify for a mortgage.

 You can qualify for a mortgage as early as one day out of bankruptcy--or even refinance to payoff a chapter 13 !

PRE QUALIFY. APPLY NOW !

While credit card companies may care about what happened before you filed for bankruptcy, many mortgage lenders are more interested in your recovery — what you’ve done since your filing.   Getting a mortgage will actually help you rebuild your credit !  Nothing is better than showing on time mortgage payments.  You may need to start with a higher than normal interest rate--but we can get you into a mortgage plan that helps you rebuild your credit which will help you lower your mortgage interest rate at the same time.  APPLY NOW !

Give explanations. No mortgage lender is going to ignore the fact that you’ve filed bankruptcy but they will be particularly interested in whether the same situation could happen again. If the bankruptcy resulted from a single event, it is important to show your lender paperwork describing the incident, such as the layoff notice or death certificate. You may also want to bring in court documents to indicate when the bankruptcy was filed.

Demonstrate good money habits now. Many people who file bankruptcy swear off credit altogether, however, it is important to re-establish your credit rating. Get a secured credit card or take on some sort of loan — furniture, a car or a major appliance — to demonstrate that you are able to make timely payments. Make sure you are making other payments (utility bills, cell phone, etc.) on time as well. 

Dispute any credit report errors. There’s no need to add to your troubled credit history with errors on your credit report. Get a copy of your credit report from each of the three major credit reporting agencies: Equifax, http://www.equifax.com; Experian, http://www.experian.com; and TransUnion, http://www.tuc.com. If you encounter any errors: 

WE MAY BE ABLE TO HELP YOU CORRECT YOUR CREDIT REPORT.  CONTACT US NOW.