Refinance after chapter 13

[em96]

We voluntarily dismissed our chapter 13 once our mortgage arrears were caught up. Then we settled with the credit card collectors. Most agreed to settle for about 20%. Two wanted monthly payments, so we're still paying those off. Its almost 8 months since our dismissal. Is it possible for us to refinance our VA loan to lower our monthly mortgage payment? I did a little research online, but I didn't really find anything concrete. It would be great to take advantage of the current low rates. Our's is 6.6%. This is just a thought. Common sense tells me because of our chapter 13 and our affected credit, we don't have a chance. But I thought I'd ask anyway.

[justbroke]

It is likely that VA may want more seasoning since the dismissal of your Chapter 13. The only way to know for sure is to ask what seasoning requirements there are for a dismissed Chapter 13. If you were still in your Chapter 13, you probably could have re-financed without an issue (since most of the GSEs allow financing with only 1 year in Chapter 13.)