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Discussions tagged with 'Refinance After Bankruptcy'
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I would like to refinance my mortgage. My credit score is currently approximately 695-715. I have a Chapter 11 that was discharged in June 2020. I would like to refinance by adding a co-borrower with a credit score of 780-800. My current home value is approximately $420,000, and my current principal balance is $218,000. I would like to take $100,000 from equity. Can you help us?
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We live in NC and filed a Chapter 7 bankruptcy on our personal side and a Chapter 11 Bankruptcy on the business side after COVID closed our business. Both my husband and I had upper 700’s for credit before before filing Chapter 7 and Chapter 11 Bankruptcy. Bankruptcy was confirmed in Feb ’21 and final decree was just issued on 11/12/21. We have a home mortgage and HELOC as well as our SBA loan debt repayment that we’d like to roll into one mortgage with a refi. The SBA loan repayment will be repaid by end of 2022 but there is no penalty to repay early if we could refinance. Are we just out of luck with a refi and have to wait 2 years or is there any option to do a refinance now with a decent rate?
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