Tag Archives: mortgage
Mortgage after Bankruptcy – Bankruptcy Discharged Yesterday? Purchase a Home Today!
Mortgage after Bankruptcy - Bankruptcy Discharged Yesterday? Purchase a Home Today!
So you have been through a bankruptcy and surely have been told to wait at least two years before applying for a home loan. Waiting two long years without any guarantee of being approved for a mortgage after bankruptcy can be disheartening. Fortunately, this advice no longer holds true.
Today, there is a growing realization of the need to offer home loan products that are specifically designed for borrowers with an imperfect credit or financial history. Mortgage programs have been created especially for borrowers who have gone through a bankruptcy. In fact, those with a bankruptcy discharged for even one day may apply for a home loan.
Do You Qualify For A Mortgage?
Do You Qualify For A Mortgage?
A mortgage is a financial agreement between a lender and an individual that is hoping to purchase a home. The lender will pay for the home and the home buyer will need to pay the lender back, over the course of several years including interest. Not everyone does qualify to have a home loan like this but many do. This has become the standard way of purchasing a home in the United States. While it may not be the most affordable, as it is always more affordable to pay off the home in one payment, it is an easy process and one that can allow more people to own the home of their dreams.
What makes you qualify for a mortgage has a lot to do with the type of life you are leading financially.
Is Your Friend’s Refinancing Mortgage Choice A Better One?
Is Your Friend’s Refinancing Mortgage Choice A Better One?
Things are always better on the other side of the fence. Other people seem to be making the smart choices, from girlfriends to cars and even refinancing loan programs. Why not you?
Proact, not react
After making several bumbling errors, don’t make a serious mistake, not with a refinancing mortgage plan. A costly mistake at this time of economic hardships will surely make you miserable, while your friend is having a good time with his smart choice of almost everything.
Before you announce your grand design for a refinancing mortgage loan, do your assignment. Read up on mortgage news, and join forums.