Buying a home after bankruptcy

Buying a Home After Bankruptcy

Buying a home after bankruptcy: This article discusses how to buy a home after bankruptcy and the mistakes to avoid. If you have subscribers or visitors with a past bankruptcy who are planning to purchase a home after bankruptcy, they will want to read this article

buying a home after bankruptcy, mortgage bankruptcy loan, bankruptcy mortgage, bad credit home loan, bad credit mortgage, bankruptcy home loan

If you're planning on buying a home after bankruptcy you'll want to read this article carefully.

Buying a home is probably the biggest purchase you will ever make. Having a bankruptcy on your credit report adds an extra challenge.

If you've read my book After Bankruptcy Credit Solutions, then know that many people who have had a bankruptcy apply for credit and loans the wrong way.

Mistakes in this arena can cost you $10,000s in extra interest and other finance charges. Let's look at an example:

You finally find the home you've been looking and the seller's asking price is reasonable. So you apply for a $250,000 thirty year loan to purchase the home.

You fill out a mountain of paperwork... sign here, initial here, sign here, etc. Then not to long after that the lender call you with great news - you've been approved!

But don't pop the cork on the champagne bottle just yet. Sure, you were approved but at what cost?

You were able to get a $250,000 thirty year loan at 8%. That means that over the life of

---

 

 

Recommended For You