Asked anonymously

I declared Chapter 7 Bankruptcy in 7/13 - it was discharged in 10/13. Ditech and Quicken say I have to wait 2 years to refinance. How can I refinace now?

Quicken Loans and Ditech both said they could work with me after two years pass from my Chapter 7 discharge date. I have a 617 credit score and not much debt. ...just a student loan for about $1400.00 and my mortgage which runs 708.00 per month. Are there any mortgage companies you might suggest that would be willing to work with me with these circumstances?

Report Question Report

  Leave Answer

Sign in to MoneyTips
By submitting you agree to our Terms of Service

  Answers  |  1

October 23, 2014

There are subprime loans available for you but at very high rates and high fees. I would work on improving your score because you wil need to wait 4-5 years from your BK at this point to get a good rate. 2 years you can refinance with an FHA loan but those are very costly loans also. Start fixing your credit now.

$commenter.renderDisplayableName() | 09.25.20 @ 08:09