Waiting Period for Mortgage Debt Discharged through Bankruptcy
If a mortgage debt has been discharged through bankruptcy, even if a foreclosure action is subsequently completed to reclaim the property in satisfaction of the debt, the borrower is held to the bankruptcy waiting periods and not the foreclosure waiting period. This applies to Conventional loans.
Plan for your future
You may want to pay off debt, send a child to college, or use the money for home improvements. Regardless of your reasons for wanting to refinance your existing mortgage, we can help you make a decision that works best for you.
Take advantage of improved credit score
If your credit score has improved as a result of making your mortgage payments on time and in full, you may be in a position to take advantage of your improved credit standing. We can review your current credit score, the terms of your existing mortgage, and review options for other loan programs that could not only reduce your monthly payment, but also save you money on interest fees paid over the life of the loan.