Posted on: 13th Mar, 2009 07:24 pm
i have a mortgage that will go up in 2012. i just was discharged chapter 7 in march 2009. my home was not in the chapter 7 i owe the home and a car note that is it. i make right now more then i did when i filled chapter 7 i was unemployed at the time. can i refinance if yes should i do it now or wait tell home values go up alittle. i owe more the home is worth. i only have one mortgage on the home payments have been on time taxes are good.
you don't have any refinance options at the moment. Keep working on your credit, get the bk and all of the negative stuff behind you and then in 2-3 years look at the refinance with FHA. It looks like your ARM will adjust just in time for you to refi and come out smelling like a rose!
Best of luck!
Best of luck!