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Can you buy a home after filing for bankruptcy? |
Answer
Hi. There are "No Credit Check Mortgages" but they have a higher interest rate and you have to put 25% down on the price of a house.
Yes you can. The key is ....did you include your installment loans (autos/previous mortgages) in with your bankruptcy? If not, they lender will look favorably on that. If you did, then your best way to rebuild your credit is to put as much money into CD's at your bank and then borrow against them. As long as they report the loan to the credit bureau, you will have installment credit started again. DON'T pay them off early. Lenders are looking for a payment history.
First answer by Griffis1969. Last edit by Griffis1969. Contributor trust: 8 [recommend contributor]. Question popularity: 67 [recommend question]




