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Can you refinance your house after being dismissed from chapter 13?


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Answered 2006-08-28 03:35:35

Do you mean dismissed?? or discharged?? Dismissed--you didn't do the bankruptcy and there are credit problems. You could possibly refi depending on your scores--You will need scores 500 and above and EQUITY in the property in order to refinance. Most times if the lender will refi--it is usually at 75% LTV (loan to value). In other words, the lender will only use up to 75% of the value--no more. Discharged-- usually it takes 2 years before a lender will refi the loan. Although again there are lenders that will depending on scores, downpayment money and the explanation as to what happened.

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