Credit Cards For Less Than Perfect Credit

If you filed for a medical bankruptcy, you can get a mortgage within 1 year from the discharge, but only by getting an FHA mortgage. A bankruptcy that was due to extenuating circumstances which must be documented, is still a big deal with a conventional mortgage which requires 4-year period after the date of discharge. Even with an FHA financing you may find it difficult to get a new mortgage in current lending environment. Still, if you reestablish credit history and have no new negative records within 12 months after the bankruptcy discharge, you will get a mortgage. It may take longer than before to find a lender, but it beats by far the 4 years that conventional lenders require.

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