Waiting Periods For a Derogatory Credit Event derogatory credit event “Derogatory credit event,” is a Fannie Mae term. This can narrow your chances of qualifying for a home loan. With the right information and some patience, you will eventually land a loan to purchase your desired house. How problematic are past events? First, let’s understand what Fannie
How to secure a mortgage after a Recent Credit Event Foreclosure, Short Sale, Bankruptcy You have passed through a negative credit event that ended with a foreclosure, short sale, bankruptcy and you think that there are a three, four or seven years waiting periods before you can get a mortgage. This is true if the financial event we
Buying a House after Bankruptcy? Is It Possible? Mortgage After Bankruptcy The good news is that you can buy a house even after filing for bankruptcy. In some cases immediately after dismissal. Except that comes with higher rates. As you probably know there are 4 main types of bankruptcy cases and is important to distinguish