The Facts about Refinancing a Kentucky Mortgage After Bankruptcy

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The Facts about Refinancing a Kentucky Mortgage After Bankruptcy
(presented by www.refinance-refinance.net - mortgage lenders)

By Jane A. Hale

When it comes to refinancing a mortgage after bankruptcy, many people are misinformed on what they can do and what they can’t do. To clear up some of the confusion, here are three facts about refinancing a Kentucky mortgage after bankruptcy:

Fact-You Can Get Approved

Many people mistakenly think that you can’t get approved for loans after bankruptcy. Fortunately, this isn’t true at all. In fact, you can get approved for a Kentucky mortgage refinance the day after your bankruptcy has discharged. While there are some lenders who will want you to wait at least two years before applying for a post-bankruptcy mortgage refinance, others will be willing to work with you immediately.

Fact- Your Credit Isn’t Ruined

Though it is true that a bankruptcy can stay on your credit report for seven to ten years, depending on what type of bankruptcy you filed, your credit is far from ruined. With a little bit of effort and a solid reconstruction plan, you can rebuild your credit and be able to qualify for conventional Kentucky mortgage refinance rates

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This entry was posted on Tuesday, December 12th, 2006 at 3:18 am and is filed under Refinance. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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