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Question about credit

I filed for bankruptcy last July. I have just gotten an inheritance and have more than half to pay on this house I have been looking at. Will it be a factor that I have a big down payment or will I still not be able to get it because of my bankruptcy? I have also been working on bringing my credit score back up since my bankruptcy.

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Asked by Anonymous at 3:19 PM on Jul. 25, 2013 in Money & Work

Answers (7)
  • Bankruptcy stays with you for 7 years I think. Talk to a loan person about getting a Mortgage.  Best way to do it.


    Answer by louise2 at 3:26 PM on Jul. 25, 2013

  • Are you going through a Realtor? Call & ask them. Maybe call the Bank too.

    Answer by ILovemyPaulie at 3:53 PM on Jul. 25, 2013

  • A large down payment will help you. We bought our home within a year of hubby bankruptcy from his divorce.

    Answer by PartyGalAnne at 4:00 PM on Jul. 25, 2013

  • Having a big down payment will work in your favor, but the bankruptcy will still play a role, too. It'll depend on what else you have going for you - if you don't have a whole lot of open debt, and you have a decent income, those things will help you, too.

    Answer by wendythewriter at 5:48 PM on Jul. 25, 2013

  • I don't have any other debt. All I have is regular monthly bills, like water and utlilitiest

    Comment by Anonymous (original poster) at 6:44 PM on Jul. 25, 2013

  • *utilities*

    Comment by Anonymous (original poster) at 6:45 PM on Jul. 25, 2013

  • Talk to a mortgage broker. He or she may know even more than a realtor about getting you set up.

    Answer by Ballad at 7:33 PM on Jul. 25, 2013

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