Bankruptcy Mortgage Refinancing

Refinance Loans for People with Bad Credit, BK, Foreclosure & More

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 loans enable borrowers to qualify for 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. bad credit mortgages can be very difficult to get approved by a bank, so connect with a lender like Nationwide that understands your needs.

This site can help you locate the few mortgage lenders extending refinance loans after a bankruptcy. We are approved to offer bankruptcy mortgage refinancing in most states like Arizona, California, Colorado, Illinois, Massachusetts, North Carolina, Washington, Florida, Texas, Virginia New York, and New Jersey. Learn more about how these unique programs offer refinance loans for people with bad credit after bankruptcy or foreclosure.

Refinance after a bankruptcy

Select the right loan: Conventional, jumbo, FHA & VA, interest only, hybrid ARM's and non-conforming subprime mortgages for refinancing regardless of your fico score or poor credit history. We will help you find companies that specialize in programs for refinancing after a bankruptcy, short-sale or even foreclosure. Have you considered refinancing your 1st and 2nd Mortgage together for one low payment with no private mortgage insurance?

  • Refinance Mortgages for Consolidation of Debt and Bad Loans
  • Is 2nd Mortgage Lien Stripping an Option for You?
  • Learn How to Eliminate 2nd Loans in Bankruptcies
  • See the Guidelines for Home Refinancing with a Chapter 7, 11 and 13.
  • Refinance Adjustable Rate Debt into a Home Refinance Loan
  • Multiple FHA Refinance Programs Post Bankruptcy
  • See Reduced Monthly Payments with Fixed Rate Refinancing

Home Refinancing with a Bankruptcy

Stated Income Refinancing?

Low Fico Scores OK

Fixed Rate Mortgage Liens

Cash for Credit Consolidation

How Much Will Refinancing Debt Save?

Pros and Cons of Low Interest Only Payments

10, 15, 30 or 40 Year Fixed Rate Terms

Past Bankruptcy OK with Chapter 7 & 13

Are you looking to refinance your bankruptcy into a new mortgage?
Nationwide announced several new bad credit refinance options for homeowners that had a chapter 7 or 13 bankruptcy discharged recently.

Refinancing after a Bankruptcy

Question: From Homeowner residing Ventura, California- "What are my Refinancing Options After a Bankruptcy?"

Answer: 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 lose 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 a long 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 pay off the interest.

Linda Nelms is a Financial Advisor, Loan Officer and Free-Lance Writer.

FHA Mortgage Refinance Spotlight

FHA refinancing has become a great alternative to subprime lending. Borrowers with less than perfect credit like FHA programs because the FHA mortgage rates are low, the credit guidelines are flexible and the loans are insured by the U.S. government. Even though HUD discontinued the FHA Secure and Hope for Homeowners programs, the Department of Housing and Urban Development continues to reach out to distressed homeowners with programs like Emergency Homeowner Loans.

Also see options for FHA Streamline Refinance, 97% FHA Refinance Loans

 

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?

Featured Pages to Help with qualifying for a mortgage after a bankruptcy:

Mortgage Lenders for Bad Credit

Refinance with FHA

How to Refinance After a Bankruptcy
Additional Refinancing Pages:
Second Mortgage Refinance | 40 Yr. Fixed Rate | Adjustable Rate Refinance | Refinancing Loans | Reduced Payment Mortgage | Mortgage Refinance Options | 100% Mortgage Refinancing | Bad Credit Mortgage Refinance | Cash Out Refinance | Sub-Prime Mortgage Refinancing | Option ARM | Mortgage Refinance Guidelines | Rate and Term Refinancing | 30-Year Fixed Rate Refinance | Loan Refinance |
Home Affordable Refinance Program | Home Refinance Loans | Conventional Loan | Underwater Mortgage | Money Mortgage Refinance | Home Refinance Programs | Home Loan for Bad Credit | Refinance Options for Homeowners in the US | Second Chance Mortgage | FHA Mortgage Refinance | Low Credit Score Home Loans | Bad Credit FHA Mortgage | Are Subprime Mortgages Coming Back in 2015
Other Popular FHA Refinance Loans:
FHA Refinancing Loans | FHA Mortgage Rate Refinance | FHA Mortgage Loans for Fair Credit Refinancing
Apply Now | Disclosures and Terms | Refinance Rates | Mortgage Refinancing
BD Nationwide Mortgage, 515 Encinitas Blvd. Ste 100, Encinitas, California 92024
Please be aware that this is not an advertisement for credit as defined by paragraph 226.24 of regulation Z. Nothing on this site contains an offer to make a specific home loan for any purpose with any specific terms. This is a web-site and no loans can be guaranteed as loans and rates are subject to change. Nationwide is affiliated with a federally chartered bank located in Maryland licensed to offer home loans in all 50 states. Copyright © 2001-2016, Nationwide Mortgage Loans, BDnationwidemortgage.com. All rights reserved. Do not duplicate in any form. Please note that guidelines and may change at any time on mortgage refinancing bankruptcy.