| If you are a homeowner with recent bankruptcy on | | | | need to dispute the error and have it removed. |
| your record you might think refinancing your home loan | | | | II. Build a Favorable Payment History |
| is not possible. Ten years ago this was true; however, | | | | Once your bankruptcy is complete open a credit card |
| today there is a type of mortgage lender that | | | | account with a company that specializes in credit |
| specializes in bad credit and bankruptcy mortgages. | | | | cards for individuals with poor credit. Expect the |
| Here are several tips to help you qualify for the best | | | | interest rate on this card to be extremely high; |
| mortgage when refinancing your home loan with a | | | | however, you can use this to rebuild your payment |
| recent bankruptcy. | | | | history. Maintain a low balance on this credit card and |
| Refinancing home loans is a stressful time for | | | | make all of your payments on time. In as little as 24 |
| homeowners with good credit. If you are struggling | | | | months you will find creditors willing to work with you |
| with poor credit and have a recent bankruptcy there | | | | offering competitive interest rates. |
| are a number of steps you can take to improve the | | | | III. Shop for the Best Mortgage Lender |
| interest rate and terms you will qualify for on the new | | | | If you are unable to wait 24 months before refinancing |
| loan. Here are three steps you can take starting with | | | | your home loan, you can find a decent lender in as little |
| your credit. | | | | as six months. Because you will be paying more for |
| I. Review Your Credit Reports | | | | your new mortgage it is important to shop from a |
| As soon as your bankruptcy is complete you need to | | | | variety of mortgage lenders and brokers for the most |
| request copies of your credit reports from the three | | | | competitive offer. When shopping for a home loan you |
| credit agencies. Your credit reports will contain your | | | | need to compare all aspects of the mortgage loans, |
| bankruptcy along with negative information form each | | | | not just the interest rates. |
| of the creditors listed on your bankruptcy. There is | | | | To learn more about refinancing your home loan after |
| nothing you can do about this negative information; | | | | a recent bankruptcy, register for a free mortgage |
| however, if you find errors in your credit reports you | | | | guidebook. |