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Can I refinance while in bankruptcy?

I am trying to secure a lower interest rate and lower my monthly payments if possible by PMcCar_692_392 from Missoula, Montana. Oct 5th 2012 Reply


Joe Shamie (Joe Shamie)
#4 ranked lender in New Jersey - 1,412 contributions

Fannie Mae requires that your application to refinance can not be commenced until after the two year anniversary of the discharge date. If you are currently in bankruptcy, you cant refinance thru any Fannie Mae program.

Oct 5th 2012
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Travis Torcoletti (travis.torcoletti)
#0 ranked lender in South Carolina - 372 contributions

If it's a Ch. 13 and you have no late payments and get trustee permission yes, anything other than that then no.

Oct 5th 2012
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Depends on which BK you filed, and which loan product you have now, and whether you have equity or if you're underwater... Just too much info missing to properly answer your question.. in general, if you filed a chapter 7, then you cannot refinance for at least 2 years... if you're in a 13, then it's possible, but it really depends on which loan product you have... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Oct 5th 2012
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Ronald Keen (ronald.keen@vantagepointbank.com)
#51 ranked lender in New York - 11 contributions

You can if you are in a chapter 13, but not a chapter 7.

Oct 5th 2012
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Jeff Cost (midwestlender)
#39 ranked lender in Ohio - 164 contributions

If it's a chapter 13 and you have 12 months perfect pay history then Yes- with FHA Financing & bk trustee approval. ENG Lending, A Division of Bank of England, always puts your best interest first. We would appreciate the opportunity to serve you. Please visit us at www.cincinnatimortgagerate.net. You will soon find that we are so much more than a Mortgage Banker; we are a company that is dedicated to empowering our clients and referral partners. Don't forget to visit our Facebook Fanpage at http://www.facebook.com/pages/ENG-Lending-Cincinnati/171183536269710?sk=wall Or Call Anytime 513-403-6260

Oct 5th 2012
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Michelle Curtis Loan Originator NMLS 401173 (MichelleCurtisLO)
#77 ranked lender in Florida - 2,245 contributions

Possibly if it is a chapter 13.

Oct 5th 2012
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