How to Buy a House After Bankruptcy

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Many housing loan companies look at bankruptcy similarly to the way that they look at first time buyers, and will offer mortgage loans. Learn how loan companies will look at income stability and debt-to-income ratio with information from a family lawyer in this free video on bankruptcy.

Part of the Video Series: Bankruptcy Questions
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Video Transcript

You've recently been adjudicated bankrupt and you've lost your house and you lost your credit cards and you lost your seemingly ability to apply for credit or so you think. Hello, I'm Robert Todd and I'm here to answer the question how to apply for a loan to buy a house after bankruptcy. Well believe it or not, to a large extent, you are considered almost like a first time home buyer who hasn't filed bankruptcy. The loan application individuals are looking at you just as they would a first time buyer in the sense that they're looking at the stability of your present income, the amount of any existing debt and you may not have any debt after the discharge as well as the relationship between the amount that you would be borrowing to purchase the house versus the amount of disposable income that you will be receiving from your stable job. I'm Robert Todd and thank you for watching.


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