Article: Buying A Home After Bankruptcy
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Buying A Home After Bankruptcy
If you're planning on buying a home after bankruptcy you'll want to read this article carefully.
Buying a home is probably the biggest purchase you will ever make. Having a bankruptcy on your credit report adds an extra challenge.
If you've read my book After Bankruptcy Credit Solutions, then know that many people who have had a bankruptcy apply for credit and loans the wrong way.
Mistakes in this arena can cost you $10,000s in extra interest and other finance charges. Let's look at an example:
You finally find the home you've been looking and the seller's asking price is reasonable. So you apply for a $250,000 thirty year loan to purchase the home.
You fill out a mountain of paperwork... sign here, initial here, si...
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