Mortgage after Bankruptcy
Bankruptcy is not the end of the world! If you believe that filing for bankruptcy means the end of the world you are wrong. You will be able to get back on your feet again; the purpose of a bankruptcy loan is to help you get your life and finances back in order.
A bankruptcy loan helps people who have filed for bankruptcy to be able to own homes and automobiles. Loans are offered to people who have had their cases dismissed and their creditors paid.
Types of Bankruptcy
If you have a chapter 7 bankruptcy, to apply for a loan; you must wait 2 years after the bankruptcy was filed and the case must be dismissed. In the case of a chapter 13 bankruptcy a creditor must be paid in full before you can apply for a large loan. The best way to obtain a mortgage after bankruptcy is to prove that you are no longer a high risk borrower. The best way to go about doing this is to better your credit by paying your bills on time.
Get Back on Track!
If you are looking to own a home you have come to the right place, East West Mortgage offers a great bankruptcy mortgage loan program. Of course you have to wait until your case has been dismissed, and prove you are not a high risk borrower. We offer low competitive rates, unmatched service and quality within our programs. We can tailor programs to your needs and we will help steer you in the right direction. We are here to help you get back on your feet, not kick you back down.
