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Bankruptcy Mortgage Refinancing
Our bankruptcy lenders provide mortgage refinancing loans for people with bad credit after a bankruptcy or foreclosure. If you have less than perfect credit you know that qualifying for a mortgage refinance or home equity loan can be very difficult after a bankruptcy or foreclosure. Bankruptcies have become much more common in the last decade, due to the increasing consumer debt and instability in job marketplace. It is very important to rebound after a BK, and rebuild your credit. Home refinancing is a great way to rebuild your credit scores quickly. FHA home loans allow home refinancing 2 years after a 7 or 11 bankruptcies is discharged. There are several subprime and FHA refinance programs that enable borrowers to pay off their chapter 13 bankruptcy in a refinance loan if they have good payment history with their BK, and they have been paying on it for more than one year.
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Nationwide Mortgage Loans is a mortgage broker from California who provides mortgage refinance loans for people with bad credit after bankruptcy or foreclosure. Select the right loan: Conventional, jumbo, FHA & VA streamline, option arm, negative amortization, and non conforming subprime mortgages for refinancing regardless of your fico score or poor credit history. Refinance Your 1st and 2nd Mortgage together for one low payment with no private mortgage insurance.
- Mortgage Refinance & Consolidation to 110%
- Refinance Adjustable Rate Debt into a Home Refinance Loan
- Reduced Monthly Payments with Fixed Rate Refinancing
Refinancing Bankruptcy
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Stated Income Refinancing |
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Low Fico Scores OK |
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Fixed Rate Second Mortgages |
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Cash Out for Debt Consolidation |
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Refinance your Debts & Save! |
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Low Interest Only Payments |
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30 or 40 Year Fixed Rate Terms |
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Past Bankruptcy OK |
Learn more about Second Mortgages |
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Ask Linda?
Refinancing after a Bankruptcy
Question: From Homeowner residing Ventura, California- "What are my Refinancing Options After a Bankruptcy?"

Answer: Linda
Bankruptcies have become increasingly common across the country. Homeowners often take on debt without anticipating any setbacks in their finances. As you know, we don't live in a perfect world, and people loose jobs, people get unfortunate hospital bills, and people get overwhelmed with debt. Sometimes Bankruptcy is the best option for families financially. Taking out a second mortgage or refinancing your existing mortgage is a big responsibility and like your teacher told you along time ago, there are "No bad questions." Understanding your refinance options is a great idea. Of course your question, leads me to asking you a few questions, so that I can properly advise you with your financial endeavors. What is your 1st mortgage balance? Do you have a second mortgage? What do you estimate your house is worth? How much cash do you need? What are you doing with the cash? (ie. bill consolidation, investments, home improvements, etc.) What is your credit score? What is the current rate on your mortgage?
So if I have the facts straight: You owe $227,000 on your first mortgage with a current rate of 7.25% fixed for 30 years. Presently, you don't have a second mortgage. You estimate your home's value at $295,000 based on home's selling in your neighborhood recently. You believe your fico score is 665, and you've never been late on any bills since your BK, four and a half years ago.
Refinancing can offer many benefits if you need to payoff interest rates on credit cards or other types of secured loans, since the loan provides large sums of money to payoff the interest.
Linda Nelms is a Financial Advisor, Loan Officer and Free-Lance Writer.
FHA Mortgage Refinance Spotlight |
FHA Home Mortgages offer 30-year fixed interest rate terms.
FHA mortgages are government insured loans that are offered up to 97% rate and term or 95% for refinancing terms with cash out. (credit scores are not a factor, but mortgage history is critical)
The FHA Secure loan was introduced in 2007 to help troubled borrowers get back on course. Millions of borrowers have had been suffering with adjusting mortgage rates and many of them are unable to afford their new variable rate payment. The FHA Secure give borrowers another chance to refinance into an affordable fixed rate loan.
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| Also see options for FHA Streamline Refinance, FHA Home Loans and FHA Secure Refinancing. |
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| Resource Tools |

Refinancing Calculator
Analyze the benefits of refinancing. Get help calculating the monthly payment and discover the net interest savings. It will also calculate how many months it will take to get a return on investments for the mortgage loan costs.
ARM vs. Fixed Rate Calculator
How does a fixed rate 1st or 2nd mortgage compare to an adjustable rate mortgage or home equity line of credit?
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