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Refinancing

How soon can I refinance my mortgage after a chapter 13 bankruptcy by Aidox1_670_551 from Duluth, Georgia. Mar 22nd 2012 Reply


Brian Neuwirth (Bneuwirth)
#49 ranked lender in Colorado - 28 contributions

The only additional information I would add to Al's response is if you are currently in your CH 13 repayment, you will be required to get approval from the BK trustee before acquiring additional debt. Additionally, most lenders are going to want to see a copy to your payment history on the BK and they will typically look at this a a mortgage history. Good Luck

Mar 22nd 2012
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Al McGhee (Al.McGhee)
#541 ranked lender in California - 18 contributions

if its an FHA loan, 1 year. Conventional loan, 3 or 4 years depending on the reason. This is assuming you have reestablished credit and have made all payments since the BK on time. Hope that helps

Mar 22nd 2012
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,588 contributions

Al's right on... WilliamAcres.com

Mar 22nd 2012
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Henry Harris (hhcocogrove2)
#63 ranked lender in Illinois - 1 contribution

usually you can refinance after a chapter 13 bankruptcy. If you have a good payment history through your trustee refinance can be done. Also, if you have plenty of equity in your property it would be easier to do your loan at a lower Loan To Value.Good Luck!

Mar 22nd 2012
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