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Typically, how long do you have to wait after being favorably discharged from bankruptcy before acquiring a Home Equity Loan?

by smithca from Lecompte, Louisiana. Mar 8th 2010 Reply


Leo Harvey (LHARVEY)
#6 ranked lender in Pennsylvania - 142 contributions

Home equity loans have more stringent guidelines and most lenders will not approve without at least 3 years since discharge and acceptable re-established credit which meet score guidelines. FHA may be a better option as they will approve with 2 yrs out and 1 year with good re-established credit and assets.

Mar 10th 2010
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Eddie Stephen (EdtheLoanGuy)
#13 ranked lender in Colorado - 24 contributions

For most investors there is a 2 year waiting period after your Bankruptcy has been discharged.

Mar 8th 2010
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