2 Common Refinance Bankruptcy Questions - Answered
August 13, 2009
1. Q - If you’ve decided you’d like to consolidate debt with a home refinance loan, can you refinance your mortgage even though you may not be fully discharged from bankruptcy yet?
A - Unfortunately, the short answer to this question is simply- no. All lenders will require you to be fully discharged at the very minimum of qualifications. In fact, many refinance lenders will require full discharge plus 2 years of re-established credit with no derogatory.
But, there is a light at the end of the tunnel. If this describes your situation, there are still options, as many people in these circumstances still may qualify for a refinance loan through a private lender. Here at the homerefinancecoach.com, we work with a large private mortgage lender network, that offer a variety of competitive loan options. Other factors at play: the current value of your home and how much is remaining on your first mortgage.
2. Here’s another bankruptcy refinance related question that was submitted and my answer to that question: Read more
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