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Icon Mini Profile american_mooncalf



Joined: 21 Apr 2007

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PostPosted: Sat Apr 21, 2007 8:15 am    Post subject: bankruptcy

how long after a bankruptcy do i have to wait before thinking of a loan for even a mobile home?
 
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Icon Mini Profile adonis
adonis


Joined: 22 Oct 2005



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Location: ALASKA


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PostPosted: Sun Apr 22, 2007 10:22 pm    Post subject:

American_mooncalf,

You can get a loan on mobile home after you get out of bankruptcy. It's not that you need to wait; credit is available but you will have to pay high interest charges and costs of taking out a loan just after the bankruptcy.

I found something some more community members discussing you situation. Please check out from the discussion on After bankruptcy looking for mobile home loan as to what they have to say.

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Icon Mini Profile blue
blue


Joined: 21 Oct 2005

Posts: 1138
Location: MARYLAND


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PostPosted: Tue Apr 24, 2007 12:38 pm    Post subject:

Hi Mooncalf,

Welcome to Mortgagefit discussion board.

You had asked a similar question previously also about loan for a mobile home, please go through this page to know about the response community members have given: http://www.mortgagefit.com/know-how/about7040.html

Do let me know if you have any other questions.

Thanks
Blue

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weir

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PostPosted: Sat Apr 28, 2007 12:31 pm    Post subject:

Quote:
Arrow how long after a bankruptcy do i have to wait before thinking of a loan for even a mobile home?


Many lenders will be ready to give you a loan within 2-3 years of bankruptcy but rates would be somewhat higher than normal. Bankruptcy affects credit score and if you can improve it there are chances that you will get good rate offers.

weir
 
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