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Company Loan Type APR Est. Pmt.

Refinancing after bankruptcy

Posted on: 11th Feb, 2011 11:09 pm
I have a VA loan with a 8.5% interest rate. Filled a ch 13 bankruptcy which was discharge 1 year ago. I am interested in refinancing to lower my interest rate but have read that it is best to wait 2 years after discharge to obtain the best rate. Is this true and if it is possible to lower my rate is there any brokers that specialize in refinancing this type of loan.
hi rrt,

the lenders will not be ready to refinance your mortgage so soon after the bankruptcy discharge. it's better to wait for 2 years in order to get a refinance on your va loan.

thanks
Posted on: 11th Feb, 2011 11:53 pm
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