20Jan/110
How to Qualify for Mortgage Financing after Bankruptcy
If you don’t already know, bankruptcy will reduce your credit score by up to 100 points or even more. Further, it takes at least 2 years, and sometimes even 3 years to get the credit score needed to qualify for financing after declaring bankruptcy. Note that after bankruptcy, you will not qualify for mortgage until you fulfill the set Chapter 13 payment obligations since the bankruptcy laws that were enacted back in 2005 bans debtors from seeking credit in the course of the payment phase without a court approval.