Mortgage Rate Articles

Mortgage with a Chapter 13 bankruptcy

The term “provided for” has been a long-standing concept within the context of Chapter 13 bankruptcy-especially when it pertains to mortgage.

Mortgage Rates Lowest in More than Two Weeks By Matthew Graham Posted To: mortgage rate watch mortgage rates rose again today-this time more noticeably than yesterday-bringing them to the highest levels in more than 2 weeks. For most, however, that sounds a lot worse than it actually is. In fact, the interest rate at the top of a loan quote has a good.

What happens to your home when you file for Chapter 13 bankruptcy? For the most part, you don’t give up any property in Chapter 13 bankruptcy. This means that if you are current on your mortgage, you keep your home. If you are behind on your mortgage or facing foreclosure, Chapter 13 (unlike Chapter 7) allows you to make up mortgage arrears through your Chapter 13 plan. &nbsp;</p> <p>Chapter.

"Lien stripping" in Chapter 13 bankruptcy allows certain homeowners to get rid of a second mortgage or home equity line of credit. Learn how it works.

CHAPTER 13 bankruptcy waiting periods FHA rules allow a lender to consider approving an FHA loan application from a borrower who is still paying on a Chapter 13 Bankruptcy-but only if those payments have been made and verified for a period of at least one year.

B3-5.3-07: Significant Derogatory Credit Events – Fannie Mae – Bankruptcy (Chapter 13) A distinction is made between Chapter 13 bankruptcies that were discharged and those that were dismissed. The waiting period required for chapter 13 bankruptcy actions is measured as follows: two years from the discharge date, or four years from the dismissal date.

This is even true in the case of Chapter 13 bankruptcy.. bankruptcy does not disqualify a Borrower from obtaining an FHA-insured Mortgage,

Are You Properly Applying Mortgage Payments. – Foster Swift – The Bankruptcy Code and Rules govern the application of mortgage payments in a pending Chapter 13 bankruptcy. The improper application of mortgage payments during a Chapter 13 can result in a creditor receiving insufficient repayment, and in some situations, the penalty of sanctions.

Mortgage Rates Today, Tuesday, Nov. 8: Consumers Pessimistic About Buying a Home Why You Should Buy a Home or Refinance Your Loan Right Now. Really, Get Going!. Mortgage rates just had their biggest one-week decline in more than a decade, and let’s remember that rates were already near historic lows.. according to experts. Today’s rates are the lowest they have.

The VA loan qualification guidelines for individuals with a bankruptcy vary depending on a Chapter 7 or Chapter 13 bankruptcy. With a Chapter 7, the VA requires that an individual must wait no less than two years from the discharge date of the bankruptcy before qualifying for loan approval.

Mortgage Rates In 2017 Are Headed Where? Which way the interest rates are headed in 2017 Buying a house is a personal decision that follows a period deliberation and planning. Many factors goes into the timing of a purchase; mortgage interest rate is an important factor in accelerating or postponing the decision to buy.

Updated on June 13th, 2018. Refinancing Your Second Mortgage. Yes, it may be an actual option. And as unlikely as it may seem or feel, if you have home equity now (at this writing in 2018) then a refinance may work but only if you have good enough credit. But how do you manage that after having filed a Chapter 7 Bankruptcy?