How quickly can you qualify for a home loan after coming out of Chapter 7 or Chapter 13 bankruptcy? With the recent increase in bankruptcies, this question has taken on an all-new level of importance. Today I’m joined by Michael DeBacker (aka “Mortgage Mike”) to answer it for you. There are several factors to take into consideration to know when you can buy a home after declaring bankruptcy.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety or use these timestamps to browse specific points at your leisure:
1:17—Is one “better” than the other in terms of qualifying?
2:35—What’s the best way to rebuild your credit so that you can qualify?
4:49—Other options to re-establish credit
6:23—Does it matter what type of loan you apply for?
8:17—Wrapping things up
As always, if you have questions about this or any real estate topic or are thinking of selling a home soon, don’t hesitate to reach out to me. I’m happy to help.
