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If I cant re finance my home i have to sell it .My wife and i are getting a divorce and i must refinance to buy her equity.br discharge one yr old. Crying or Very sad

smckaybiz · Posted: Wed Apr 29, 2009 2:37 am Post subject:

Hello Mike,

In most cases you will have to wait atleast two years or more before being accepted for any kind of mortgage or equity loan to refi your home.

Just try to explain to her, if you are forced to sell the house now chances are that you won't be able to get nearly as much money for it as you would've two or three years ago.

But it may not be the bankruptcy at all that's holding you back from being approved. Would you mind sharing what kind of credit score you currently have?

sara · Posted: Wed Apr 29, 2009 2:40 am Post subject:

Hi mike,

As your bankruptcy discharge is one year old, you can apply for a refinance. There are chances that you'll be able to refinance the mortgage in your name.

You haven't mentioned your credit score. While refinancing the loan, the lender will check your credit score and income. So if you have taken steps to improve your credit score, I don't think you'll face issues in refinancing the loan.

Take Care

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refinance after bankrupcty discharge one year