[Lilly]

There’s non refundable and refundable down payment assistance mortgage loans.

[Lilly]

A dog that’s like Joe Biden. A dog that is not potty trained and shits everywhere.

[Lilly]

Nobody respects this low IQ comedian

[Lilly]

There’s no cost is there? Any fees for set up fees or processing fees, or paper and pencil costs?

[Lilly]

If there’s a waiting list for @WineGuy autograph, put me on there ASAP. Need to get his autograph before he gets too famous.

[Lilly]

Great information. Phenomenal video.

[Lilly]

Check out this short video clip about a German Shepherd dog 🐕 getting locked out of the gate

https://www.facebook.com/share/r/5Vnb2N5WAKNHugdF/?mibextid=D5vuiz

facebook.com

The homeowner was driving away when his dog got stuck outside the house #narrative #stories #usa | Spooky Narratives | Spooky Narratives · Original audio

The homeowner was driving away when his dog got stuck outside the house #narrative #stories #usa. Spooky Narratives · Original audio

[Lilly]

Whichever does not give me a headache. I like red wine but I think it gives me a heavier hangover than white.

[Lilly]

Homebuyers can get a mortgage while in a Chapter 13 Bankruptcy repayment plan. VA and FHA loans are the only mortgage programs that allow borrowers to get a mortgage during an active Chapter 13 Bankruptcy. Navigating the process of buying a house during a Chapter 13 bankruptcy can be complex, but it is not impossible. Here’s how Chapter 13 bankruptcy affects your ability to purchase a home and the options available:

Buying a House During Chapter 13 Bankruptcy

1. Lender Approval: Some mortgage lenders may consider providing a loan to someone currently in a Chapter 13 bankruptcy plan, but they will require authorization from the bankruptcy court. You’ll need to get approval from the court to incur new debt.

2. Waiting Period: Generally, you must have made at least 12 months of on-time payments as per the Chapter 13 payment plan. Additionally, you need the bankruptcy trustee’s approval, which shows that you’ve been making regular payments and can afford the additional loan responsibility.

3. FHA Loans: Yes, you can qualify for an FHA loan while in Chapter 13 bankruptcy, under certain conditions. You need to have made at least one year of plan payments on time, and you’ll need a letter from the trustee giving you permission to incur new debt.

4. VA Loans: Yes, you can qualify for a VA loan while in Chapter 13 bankruptcy, under certain conditions. You need to have made at least one year of plan payments on time, and you’ll need a letter from the trustee giving you permission to incur new debt.

5. Manual Underwriting: VA and FHA loans in these situations usually require manual underwriting, where an actual person assesses your creditworthiness, rather than using automated processes. This underwriter will look at your overall financial situation, including your payment history under the bankruptcy plan.

After Completing Chapter 13 Bankruptcy

1. FHA, VA, and USDA Loans: For FHA and USDA loans, you are eligible to apply for a mortgage as soon as one year after discharge. VA loans require a two-year wait after discharge.

2. Conventional Loans: For conventional loans, the waiting period is typically four years after discharge. However, if the bankruptcy was dismissed (rather than discharged), the waiting period can extend to seven years.

3. Rebuilding Credit: It’s crucial to focus on rebuilding your credit post-bankruptcy by making timely payments on any remaining or new debts. This will increase your chances of getting approved for a mortgage with favorable rates.

Strategies for Approval

• Steady Income: Show stable and sufficient income to handle your current debts, your living expenses, and your prospective mortgage payment.
• Down Payment: Save for a substantial down payment to lower the risk for the lender and improve the terms of your mortgage.
• Financial Counseling: Consider undergoing credit counseling or financial planning to bolster your financial standing and credibility in the eyes of the lender.
• Buying a house while in Chapter 13 bankruptcy is challenging but achievable with the right planning and court approval. Post-bankruptcy, there are more straightforward paths to obtaining a mortgage, particularly through government-backed loans which tend to have more lenient requirements compared to conventional loans.

Here is an article about buying a house while in a Chapter 13 bankruptcy:

https://gustancho.com/buy-and-sell-a-house-while-in-chapter-13-bankruptcy/

gustancho.com

How to Buy and Sell a House While in Chapter 13 Bankruptcy

Borrowers can buy and sell a house while in Chapter 13 Bankruptcy one year after filing date with no late and trustee approval on VA and FHA loans.