Do persons with a bankruptcy receive the same level of quality lenders as a person with good credit?
Yes. Some mortgage lenders offer both bad credit and prime home loans. Each loan applicant is treated with respect and dignity, and the lender will do everything in their power to get you approved for a loan. Persons who have declared bankruptcy and individuals with perfect credit must endure careful review, wherein the lender determines whether they are able to financially afford a specific loan amount Does the type of bankruptcy make a difference in the loan process? Every person who files bankruptcy is considered a high risk. The majority of mortgage lenders do not sub-classify high risk applicants. Thus, the type of bankruptcy filed will usually not make a difference. Are my lender choices limited after I file bankruptcy? Yes. The majority of homebuyers have not filed bankruptcy. Thus, there are more resources and loan programs available to these persons. Nonetheless, plenty of lenders and brokers provide sub prime loans, which assist individuals with bad credit, recent bankruptcie
Yes. Some mortgage lenders offer both bad credit and prime home loans. Each loan applicant is treated with respect and dignity, and the lender will do everything in their power to get you approved for a loan. Persons who have declared bankruptcy and individuals with perfect credit must endure careful review, wherein the lender determines whether they are able to financially afford a specific loan amount Does the type of bankruptcy make a difference in the loan process? Every person who files bankruptcy is considered a high risk. The majority of mortgage lenders do not sub-classify high risk applicants. Thus, the type of bankruptcy filed will usually not make a difference. Are my lender choices limited after I file bankruptcy? Yes. The majority of homebuyers have not filed bankruptcy. Thus, there are more resources and loan programs available to these persons. Nonetheless, plenty of lenders and brokers provide sub prime loans, which assist individuals with bad credit, recent bankruptcie
