Home Buying in Shreveport>Question Details

Z826, Home Buyer in Shreveport, LA

Do paying off a chapter 13 bk 1yr early increase your score?

Asked by Z826, Shreveport, LA Thu Apr 12, 2012

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and no, you WILL NOT get a government insured or guaranteed loan 1 day out of bankruptcy
0 votes Thank Flag Link Fri Apr 13, 2012
Chapter 13 is a repayment plan. You will need to wait 5 years before you can qualify for a mortgage.

IF YOU HAVE ANY LATE PAYMENTS AFTER YOUR BANKRUPTCY DICHARGE DATE....

You will have a very difficult time financing anything for a very longtime
0 votes Thank Flag Link Fri Apr 13, 2012
It certainly doesn't hurt. I had a client in January of this year purchase a property when he was one day out of Chapter 13. If you want to give me a call, I'd be happy to answer any other questions that you have as they pertain to your unique situation. 318-773-0063
Web Reference: http://www.teamlytle.com
0 votes Thank Flag Link Fri Apr 13, 2012
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