Posted on: 18th May, 2010 09:08 pm
If I have a 30% down payment and a foreclosure that is 2 years old, is it possible to get financing for a new mortgage?
Hi beltfamily,
After a foreclosure, you need to wait for 3-4 years in order to get a mortgage. Before that, if you apply for a loan, the lender may charge you a higher interest rate.
Thanks
After a foreclosure, you need to wait for 3-4 years in order to get a mortgage. Before that, if you apply for a loan, the lender may charge you a higher interest rate.
Thanks