Posted on: 07th Apr, 2009 04:06 pm
I had a bankruptcy in 2005 and have a current credit rating of 635. I have 5 credit cards close to limit for a total debt of approximately $5000.00. I have 13% interest with private owners that will take the home back in September when our private contract expires. I have paid for almost 5 years owing $28, 000.00 and have $3, 000.00 for a down payment. I am a single mom with 2 children and no child support. We don't want to lose our home and go back to renting. The home was built in 1998 and the original purchase price was $35, 000.00.
Please Advise.
Please Advise.
hi lspencer,
it has been quite some time since you filed bankruptcy in 2005 and your current credit score of 635 is not bad, though not excellent or very good. you may be able to get a refinance loan. i think the community lenders can help you in this regard as they can tell you if you qualify for a refinance and if you qualify they can also provide you with no obligation free mortgage quotes. you can then compare them and choose the right one for you.
it has been quite some time since you filed bankruptcy in 2005 and your current credit score of 635 is not bad, though not excellent or very good. you may be able to get a refinance loan. i think the community lenders can help you in this regard as they can tell you if you qualify for a refinance and if you qualify they can also provide you with no obligation free mortgage quotes. you can then compare them and choose the right one for you.