Refinancing after a bankruptcy can be your first step toward reestablishing your credit. With your loan secured by your home, you can qualify for relatively low rates. Improving your application with time, assets, and terms will also help lower rates.
1. Get Your Credit Report In Order
Before starting your search for a refi lender, make sure that your credit report is up to date and accurate. Often with a bankruptcy discharge, there can be mistakes or errors regarding account standings. To qualify for the best rates, it?s important that all information is correct. Notify the reporting agency if you notice any problems.
You can get a free copy from one of the credit reporting agencies or through a credit monitoring company. At this time you may also want t View the rest of this article
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