Home Loan After Bankruptcy: What Types of Mortgages Can You Qualify For?
You have options for getting into a home after bankruptcy. Suffering a bankruptcy can seem overwhelming both financially and emotionally. However, you have more options than ever to get back on your feet, including home loan after bankruptcy programs that you may qualify for. Here are some of your top options.
The Low Down on Down Payments
DETERMINE YOUR DOWN PAYMENT - Don't make the mistake of looking at all your assets and concluding that’s how much you have for your down payment. First, set aside 2 to 5 percent of the purchase price for closing costs. Then, set aside an additional $5,000 to $10,000 (depending on where you live) for relocation expenses, moving costs, furniture and short-term improvements, and unforeseen costs.