All About Mortgages After Bankruptcy

Yes, you can get a mortgage after bankruptcy, but not right away, and not without some work towards rebuilding your credit.

After you’ve completed filing you are supposed to have a fresh start, but the truth is that you are viewed as a financial risk. Of course, if you take some time to build up a history of using credit appropriately then things will be much easier for you.

There are two types of payments that make up your financial history, revolving (credit cards) and installments (loans). You’ll want to work on building up both of these. I recommend starting with a secured credit card and working on a small loan six months to a year later. (more…)