Good Morning!
There’s a general rule in the mortgage industry about getting a mortgage after a bankruptcy.
…The rule is that the underwriter will want to see at least 3 trade lines that were established after the bankruptcy – each with at least 12 months of history. …and, good history – no lates.
However, with every rule there is an exception…
I just closed a loan on a borrower that only had 1 reestablished trade line after a bankruptcy.
My point here is – don’t give up.
…If a loan officer is telling you they can’t help you – let me take a look at it for you.
I just might be able to find a way to “gitter done”.
Thanks for reading – and have a safe weekend!
Brett
Texas renters are spending more than 30% of their incomes on rent. It can be…
If you are looking for a home in the outer suburbs or in a rural…
If you have credit card debt it’s smart to consider a consolidation loan. If you…
I wanted to let you know we have a 2% to 5% downpayment and closing…
Do you have investment property, and would like to pull cash out of your property?…
Texas renters are spending more than 30% of their incomes on rent. It can be…