Good Morning!
There’s a general rule in the mortgage industry about getting a mortgage after a bankruptcy.
…The rule is that the underwriter will want to see at least 3 trade lines that were established after the bankruptcy – each with at least 12 months of history. …and, good history – no lates.
However, with every rule there is an exception…
I just closed a loan on a borrower that only had 1 reestablished trade line after a bankruptcy.
My point here is – don’t give up.
…If a loan officer is telling you they can’t help you – let me take a look at it for you.
I just might be able to find a way to “gitter done”.
Thanks for reading – and have a safe weekend!
Brett
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