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How long after bankruptcy do you have to wait before refinancing?
Wiki User
∙ 12y ago
Generally, you are able to refinance 2yrs after a Chapter 7 discharge.
If you are in Chapter 13, you can refinance the next day with many lenders. You can email a mortgage broker like myself to find out more.
- To add to the above answer, you do NOT have to wait 2 years to refinance after a chapter 7 discharge, those are for fannie Mae loans. You can refinance a chapter 7 a day after discharge. A chapter 13 can also be refinanced before discharge since it's on a payment plan for 3-5 years from filing date. You can get a chapter 13 refinance as little as 6 months from filing, not discharge and you can payoff your chapter 13 in the process if you have enough equity in your home.
Wiki User
∙ 12y ago
Wiki User
∙ 17y ago* The usual length of time after a bk dismissal required to refinance is 24 months. There are different requirements with different lenders. Some specialize in assisting borrowers with bks. * It depends on the type of Bankruptcy you filed....Chapter 7 or 13. I have lendors that will offer financing one day out of a Chapter 13.
Wiki User
∙ 16y agoYou may do it at any time you can find a lender willing to do so.
Especially with all the commotion surrounding sub-prime lending (which a loan to a recent bankrupt would certainly be), that may be hard to find.
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First home buyer should wait how long before refinancing?
First home buyer should wait how long before refinancing?
How long do you have to wait to file bankruptcy again in Georgia?
If it is a Chapter 7 Bankruptcy, you have to wait 8 years before you can file it again.
How long after you have a chapter 13 bankruptcy dismissed do you have to wait before refiling?
It is 180 days before you can refile
What options are available to those refinancing after bankruptcy?
The rule for refinancing after bankruptcy is that you should wait 10 years after filing bankruptcy even chapter 13 so that the bankruptcy is off of your credit and you can get a better chance of getting the refinance. You could try before it's removed but you will have difficulties.
How long do you have to wait after transferring a secured property into a relatives name before filing bankruptcy in California?
How long a federal prison sentence would you like?
How long do you have to wait to file bankruptcy after last bankruptcy?
You have to wait eight years after filing for Chapter 7 and 4 after filing for Chapter 13.
What are the pros and cons of bankruptcy refinancing?
The pros to refinancing in bankruptcy are: You can refinance your home and pay off your trustees if you have enough equity in your home. You can save money each month and start rebuilding your credit. Cons: you'll need to wait untill your 37th month of bankruptcy if you don't want to be held responsible for the unsecured debt that you filed for. Interest rates will be higher and you may have trouble finding a lender.
How long do you have to wait after refinancing your home to sell?
Two years or you will have to pay uncle sam capital gains.
How long do you have to wait before getting married after a bankruptcy?
Well..presuming your relationship sense is better than your financial...BK makes no difference.
How long should you wait after bankruptcy to buy a house?
about a year or two
Once a tax lien is filed in the state of Nevada how long do you have to wait to file bankruptcy?
There is no wait period.
If you just filed for bankruptcy and are on Chex systems and can not get an account how long do you need to wait before you can open a new checking account?
It will probably be two or three years before you are able to open up a checking account. Bankruptcy severely effects your credit.
