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How long after bankrucy before you can buy a home?

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Post Posted: Sun Feb 13, 2011 10:58 am    Post subject: How long after bankrucy before you can buy a home?
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Good income, 10 year job history.
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adonis




Joined: 22 Oct 2005



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Post Posted: Sun Feb 13, 2011 7:30 pm    Post subject:
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Hi Guest,

Depending upon the chapter of bankruptcy you filed, you'll have to wait for 2-4 years in order to get a mortgage. You can check out the credit repair tool from the given link: http://www.mortgagefit.com/calculators/credit-repair.html and select the required options in order to know how long you'll have to wait after bankruptcy discharge to get a loan.

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Post Posted: Mon Feb 14, 2011 2:37 pm    Post subject:
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Getting a mortgage after bankruptcy is not easy but it is completely possible. This will substantially depend on your guaranteed income and the amount of money you have as a deposit. Most lenders will consider you for mortgage loan at least 2 years from the time of the bankruptcy discharge.
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