For a person with a mortgage looking to refinance after a bankruptcy, there's good news and bad news. The good news is that you can refinance your mortgage in as little as two years after filing for bankruptcy. The bad news is that two years seems like an eternity in our fast-paced world - and some loans require at least three years. But if you don't mind a little perseverance, discipline, and a two-year wait, here's how you can make it happen.
COFI (pronounced coffee) stands for Cost of Funds Index. Such an index is used with certain types of adjustable-rate mortgages (ARMs) to provide a basis for how the interest rate on those loans is periodically changed to reflect current market conditions.
You’re ready to apply for a mortgage loan. When your mortgage lender checks your credit reports will this hurt your three-digit FICO credit score?
What do manufactured homes and cell phones have in common? Both started out as boxy and awkward, and then grew up to be sleek and surprisingly functional. Manufactured homes are still experiencing growing pains, however, so take care not to let the joke be on you when it comes to financing them.