Comments on: How To Locate A Mortgage For Bad Credit http://whalehookloans.com/2009/10/26/how-to-locate-a-mortgage-for-bad-credit/ Submit High Quality Finance Articles About Personal Loans, Online Loans, Student Loans, Payday Loans, Auto Loans, and more. Tue, 19 Jan 2010 20:10:35 -0600 http://wordpress.org/?v=2.8.2 hourly 1 By: Maggie Christensen http://whalehookloans.com/2009/10/26/how-to-locate-a-mortgage-for-bad-credit/comment-page-1/#comment-408 Maggie Christensen Thu, 29 Oct 2009 19:16:08 +0000 http://whalehookloans.com/2009/10/26/how-to-locate-a-mortgage-for-bad-credit/#comment-408 Maria, A bankruptcy doesn't necessarily disqualify you from getting financed. Some lenders will work with someone who has suffered from a bankruptcy, especially since your debt to income ratio has improved after getting rid of some debt. Your income is good, as well as the on-the-job stability. Depending on the lender, you may qualify for a prime interest rate, or one that is a bit higher. I would recommend starting smaller, as in a store credit card, or something else that you can get financed for, and pay on it for a few months. This will demonstrate post-bankruptcy stability and intention to pay and will go a long way with a lender. Hope that helps.:) -Maggie Maria,

A bankruptcy doesn’t necessarily disqualify you from getting financed. Some lenders will work with someone who has suffered from a bankruptcy, especially since your debt to income ratio has improved after getting rid of some debt. Your income is good, as well as the on-the-job stability. Depending on the lender, you may qualify for a prime interest rate, or one that is a bit higher. I would recommend starting smaller, as in a store credit card, or something else that you can get financed for, and pay on it for a few months. This will demonstrate post-bankruptcy stability and intention to pay and will go a long way with a lender.

Hope that helps.:)

-Maggie

]]> By: Maria http://whalehookloans.com/2009/10/26/how-to-locate-a-mortgage-for-bad-credit/comment-page-1/#comment-401 Maria Tue, 27 Oct 2009 22:52:54 +0000 http://whalehookloans.com/2009/10/26/how-to-locate-a-mortgage-for-bad-credit/#comment-401 Hello Due to divorce my credit suffered as well. I filed Banckrupcy(chapter 13) about 4 years ago my last payment is 12/09. I have steady income (15 years) o$63,000.00 a year. Can you help me purchase a home. Maria Hello
Due to divorce my credit suffered as well. I filed Banckrupcy(chapter 13) about 4 years ago my last payment is 12/09. I have steady income (15 years) o$63,000.00 a year. Can you help me purchase a home.
Maria

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