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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. Mortgage Options During Chapter 13 Bankruptcy.

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

Realty Biz

By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Let's delve deeper into these topics to guide you towards an affordable home financing solution. Can you buy a house with bad credit?

Finance 94
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3 Alternative Home Loan Options for People with Bad Credit

Rent, Buy & Sell

Great credit allows people to get the best interest rates on various types of loans. Bad credit is usually the result of late bill payments, bankruptcy, foreclosure and loan defaults. In this article, we review 3 alternative financing options for the home buyer that has bad credit. There are some drawback to VA loans.

Loans 98
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Different Mortgage Options Explained

Realty Biz

Conforming loans are the best of the two because they follow the rules and regulations set by the Federal Housing Finance Agency (FHFA). Non-conforming loans do not follow the FHFA stipulations and regulations. They are commonly offered if your credit is not superb or if you have had a hard hit in the past, such as a bankruptcy.

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Forever Home: A First-Timers Guide to Understanding Home Loans

C4D Crew

If you are considering buying your first home and have no or low credit, you may still be able to procure financing. This article will explain five loan programs for first-time buyers. Federal Housing Administration Loan. Like FHA loans, VA loans are provided by private lenders such as banks and mortgage companies.

Loans 52
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The Impact of COVID-19 on Mortgage Foreclosures in 2020

C4D Crew

According to Veronica Baxter, an established legal assistant to Philadelphia Bankruptcy Attorney David Offen says,” “Under federal law, a lender or servicer cannot begin the state foreclosure process until your loan is more than 120 days past due. Veterans Administration (VA) Loans. Those 60 days have expired.

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Should You Consider Contract for Deed Financing in 2021?

C4D Crew

If you have a low credit score combined with some serious recent credit dings, conventional financing could be very difficult to obtain. Research all of the financing avenues that may be available to you. VA loans are great if you are a first-time home buyer. Yes, if you can find traditional financing that’s great!

Finance 52