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Buying a House While in Chapter 13 Bankruptcy

Realty Biz

One of the frequently asked questions during today’s booming housing market is can I qualify for a mortgage during Chapter 13 Bankruptcy. Chapter 13 Bankruptcy is a court-approved debt repayment plan where their debts are restructured over a period of three to five years. Trustee approval is required.

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Preparing to Get Pre-Approved For a Mortgage

Realty Biz

Mortgage pre-approval is an essential step when buying a house. During pre-approval, lenders carefully evaluate your financial information, including income, assets, credit history, and other relevant details. How long it takes for lenders to give mortgage pre-approval can vary from a day to a week.

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Get Ready Financially to Buy a Home With These Tips

Realty Biz

One crucial aspect of this process is ensuring that your finances secure a mortgage and make the dream of homeownership a reality. From experience as a Realtor, getting your finances in order is vital to get the best mortgage rates and terms. The time you invest in improving your credit scores will pay you back handsomely.

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UWM is bullish on the resurgent private-label market

Housing Wire

Pontiac, Michigan-based United Wholesale Mortgage (UWM) capitalized on a booming private-label market in 2021 by sponsoring its inaugural securities transaction this past May, a prime jumbo deal involving 508 mortgages with an aggregate principal balance of $351.9 That’s a strong start for a new issuer. “A UWM is riding that wave.

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FHA Mortgage Rates by Credit Score: 620, 700, 580, 640

Marco Santarelli

FHA mortgage rates are typically higher than conventional mortgage rates, but they can be a good option for borrowers with lower credit scores or smaller down payments. FHA mortgage rates don't use risk-based pricing models, so there are no added fees or premiums for lower credit scores. down payment.

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How Being an Authorized User on Someone Else’s Credit Card Could Affect Your Mortgage Application

RIS Media

It can also help you rebuild your credit if you declared bankruptcy or if your credit scores went down for some other reason. . When applying for a mortgage, however, being an authorized user may not help you. How a Mortgage Lender May View Your Authorized User Status. You may be unable to get a mortgage at all. .

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Mortgages with Low Credit Scores - Your Guide to Affordable Home Financing

Realty Biz

Mortgages with Low Credit Scores Mortgages with low credit scores can appear challenging, but there are options available. Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. Can you buy a house with bad credit?

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