Bankruptcy Mortgage

After the bankruptcy, then released gettin brankruptcy, how difficult it is to actually get a mortgage? Please explain the best, Thanks

It is very difficult for a number of years. In this economic climate, it is impossible.

It is not easy - especially in today's market.

However, it is not impossible. First, it depends on what type of bankruptcy. I have debt restructuring. Two years after being released I tried to refinance my mortgage so I can put my ex-husband of the note.

I had to pay an interest rate slightly higher, I had to explain a large part of my past history of finance. What helped was that I had already started to repair my credit. I had not been late on any payments since before filing bankruptcy. I had money hidden in a savings account. My work experience has been strong, with decent pay increases each year.

Anything that makes a huge difference and I was able to refinance or even withdraw some equity. My house is still worth more than the mortgage - which also helps. In other words, you'll need a decent deposit for any such material.