Finding a new mortgage company after BK.

[bakergrl]

We are keeping the house and reaffirming the 1st and 2nd mortgage through the lender. The lender has been very difficult through this whole process and have left us wishing we could change to someone else.

Is this ever possible after a BK that another lender would take on our mortgages so we can get away from our current lender?

[BKDefender]

bakergrl, If your house has equity in it, then you could re-finance with a single 1st mortgage to pay-off the current 1st and 2nd mortgage holder.
But if you owe more on the house than the house is worth, you'll not have much success in finding a bank to refinance something that they can't secure their whole loan against the property.

--William

[Logan]

We are keeping the house and reaffirming the 1st and 2nd mortgage through the lender. The lender has been very difficult through this whole process and have left us wishing we could change to someone else.

Is this ever possible after a BK that another lender would take on our mortgages so we can get away from our current lender?

You'll also need 2 years out of BK for FHA. There are other ways discussed on this board you could also try.

Logan