Comments on: Can you refinance your house if you have filed bankruptcy?

By: Fred K

Fred K — Wed, 03 Dec 2008 22:47:11 +0000

It will depend on when your bankruptcy was discharged and what your new credit rating is at. Pull all your credit reports and dispute everything that was included in the bankruptcy, as soon as they drop off your report your score will increase. The higher your score the less interest you will pay. Good luck

By: tardis_mom

tardis_mom — Wed, 03 Dec 2008 13:59:22 +0000

Refinancing basically means that you are taking out a new mortgage to pay off your previous mortgage, except the new mortgage is at a better interest rate (and lower payments) than the previous one. The problem with declaring bankruptcy is that you will find it extremely hard to find any lender that will lend you the money for the new mortgage, and if they do, it will be at such a high interest rate that it won’t be worthwhile to refinance.

By: autumn

autumn — Mon, 01 Dec 2008 00:33:02 +0000

in PA & NJ you can, so long as you’re not in forclosure. Just get ready for crap loads of paper work, as your broker may need your help getting some of the documents you need

By: SuperCactus

SuperCactus — Fri, 28 Nov 2008 02:19:49 +0000

It has nothing to do with law. The question is, “Can you find a lender who will make the loan?” The answer is, “Maybe!” Talk to a mortgage broker. They are hungry for business now and will work hard to try and find a loan for you. But watch out! If they find one it will have a high rate of interest, because you are someone who does not manage your money well. You are a high risk borrower.