How to Buy a House After Bankruptcy
• The first thing you do is to request for a credit report from the three major credit bureaus. This is because, after you apply for a mortgage or check out for home loans after bankruptcy filing, the lenders are bound to check the credit report. • After examining your report minutely, highlight the negative remarks on your report. Once you are done with this, send letters to the credit bureaus requesting them to remove these items. • Never ask for more than four removals in a letter. Remember, even after bankruptcy filing, the report will mention all the debt discharged by you. • Begin saving money now, as a minimum of 10% down payment would be needed. • Save as much as possible in a high interest rate savings account. Cut down as much as possible on expenditure. • Have automatic payments on bills, for avoiding the pending defrayals, especially in case of loans of any kind. • In case you make a late payment, ensure that you pay it before it becomes late for 30 days. • Another extremel
