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How long after bankruptcy do you have to wait before refinancing? |
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Refinancing after a bankruptcy
The time period you have to wait depends on what chapter bankruptcy you filed.
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.
First answer by Cynthia Blackburn. Last edit by Savemoney101. Contributor trust: 90 [recommend contributor]. Question popularity: 237 [recommend question]
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