Take 15 Minutes to Read the 6 Steps to
Establishing Yourself After Bankruptcy!
Step 1 - Get Your Absolute Discharge
You need to ensure the lenders that you are now "clear" from the financial issues you were facing. You need to gain your Absolute Discharge first before proceeding to do anything else first.
Read More About Step #1- Step 2 - Clean Up Your Credit
Now that you are discharged fully, you will need to ensure that your credit score is reporting accurately. There are common mistakes that happen after being discharged, read more on how to prevent these issues from happening to you.
Read More About Step #2 - Step 3 - Gain New Credit
Now that your score is fixed and the past is behind you, you need to start rebuilding for the future. You need to prove yourself with new credit and gain a level of trustworthiness again. Read more to learn about what is good credit, and how to get Re-Established Credit working for you.
Read More About Step #3 - Step 4 - Accumulate Your Down Payment
Now that your credit is on it's way to being Re-Established, you will need to accumulate a down payment. Today's minimum down payment level is 5% as a down payment. Learn about the key word of "capacity" which is the big buzz word lenders are looking for today.
Read More About Step #4 - Step 5 - Get A PreApproval
You have your credit score in place, you have a down payment just sitting and waiting in your account, so long as you are 2 years discharged with 1 year of ReEstablished Credit you can now gain an interest rate guarantee before you go house shopping.
Read More About Step #5 - Step 6 - Purchase Your Home
You've worked hard to get here! Now is the time to place an offer on a home so that you can have ownership once again. Read about the strategy of using the best lenders and getting the best rates which will help you succeed in the long run.
Read More About Step #6
Get me a Mortgage, I have read the articles and I want to proceed!
