Can You Get a Mortgage With a Previous Bankruptcy?

Can You Get a Mortgage With a Previous Bankruptcy?. Life After Bankruptcy: 5 Things They Don't Tell You - Budget,MYFICO,No Credit,Car Buying

Can You Get a Mortgage With a Previous Bankruptcy? video duration 38 Second(s), published by Susan Ashton on 11 10 2018 - 06:47:53.

You can still be approved for a mortgage after a previous bankruptcy, lenders just want to see that the bankruptcy was discharged for at least two years and that Are you curious about Getting a Mortgage After Bankruptcy, Foreclosure Or Short Sale? What is the Wait to Buy a House? Well watch this video and find out!

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Video by Certified FICO Professional Calvin O'Neal Russell Jr
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You can still be approved for a mortgage after a previous bankruptcy, lenders just want to see that the bankruptcy was discharged for at least two years and that you have at least 2 years of re-established credit. Make sure your re-established credit follows the 2-2-2 Rule: 2 Tradelines, reporting for at least 2 years, with a minimum limit of $2,000. It may be difficult to get new credit after a bankruptcy so you may need to utilize secured credit to re-establish your credit worthiness.