In the past,oakley black iridium, traditional mortgage lenders have automatically rejected people who had declared personal bankruptcy,chaussures puma. Many potential home-buyers or exiting homeowners felt they must wait at least seven to ten years after a bankruptcy to be eligible for financing,sac chanel. This is a common misconception,puma pas cher.
While some people declaring bankruptcy have had trouble managing their money,longchamp le pliage prezzo, a larger number of those declaring have simply experienced unfortunate events,sac chanel pas cher. Americans have been filing bankruptcies at record-high levels over the last many years,lunette carrera magasins, especially last year,ray ban pas cher.
Though a bankruptcy is certainly a blemish on a credit report,polo ralph lauren, it does not necessarily disqualify a borrower,chanel 2013. Recognizing that sometimes bad things happen to good people,carrera lunettes, some select loan officers are becoming more willing to take a calculated risk,puma chaussure,Bankruptcy No Longer Means – No Mortgage.
Some lenders use a scoring system to determine whether potential borrowers are a worthwhile risk,Bankruptcy No Longer Means – No Mortgage,oakley pas cher. Unfortunately,oakley jawbone, bankruptcy gives an automatic low score,ray ban clubmaster pas cher. However select lenders are beginning to look beyond the scores and look at the individuals in need,ray ban clubmaster.
Instead of waiting two or four years after being discharged from bankruptcy,lunette oakley, some mortgage professionals are willing to give a home loan much sooner,puma pas cher. Those who have declared Chapter 7 bankruptcy liquidation may be eligible for a loan in as little as one day after discharge,ray ban lunettes, and those who have declared Chapter 13 may be eligible for a loan even while they are still in their plan,carrera lunettes.
Another common misconception is that a previous bankruptcy on your credit report will require you to have a large down payment and pay extremely high rates and points,lunette carrera. There are currently programs available with no down payment required and with very attractive rates and points,lunettes de soleil carrera pas cher.
Some lenders are even pre-qualifying buyers for a loan,lunette oakley, saving time and making the home-buying experience easier and more efficient,lunette carrera. When a buyer pre-qualifies they will have the advantage of greater negotiation power,carrera online.
No matter what the situation,carrera occhiali, select mortgage professionals have a program that will work for the buyer with a bankruptcy history,ray ban pas cher. If a buyer cannot get approved,longchamp borse, there are customized plans that can re-establish credit to help the buyer become mortgage ready,carrera occhiali negozi, ensuring homeownership in the future,chanel pas cher.
Because of new options,lunettes chanel, bankruptcy no longer needs to stand in the way of getting a home loan,oakley pas cher. With the help of more creative lenders, those who have experienced financial difficulty will have an easier time getting a mortgage.
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