Mortgage Refi after BK13

[Lawrence21]

Hello, I'm in a tough situation and need help. In June my BK13 was discharged. I paid off my 100% 5-year plan ($80K) in about 4.9 months so I'm thrilled that it's over. However, I live in FL and our home suffered roof damage from the last hurricane. Insurance won't cover a new roof, just a patch job and after 5 quotes and advice from my friend a (GC) , we need an entire new roof not just a patch job. Problem. Can't get approved for the roof financing, don't have anyone that can help us with it from a $$ standpoint and we don't have $15k-23k to pay for a new roof. We do have $250k worth of equity in our home, but it looks like we have to wait 2-years to refi or get a HELOC. Any advice? Would speaking with a "private" mortgage investor be worth it or must they follow the same approval guidelines. Any help is appreciated, the roof is getting worse even though it's tarped. TY

[justbroke]

Traditional lending is going to be a problem inside that 2-year window. A "private" investor or lender that has non-qualified loans can do whatever they want since they typically keep the loan on their books. If you have more than 50% equity it should be easy to find such a lender. Just be careful with the home equity investments where they take a piece of your future equity. Make sure you understand what you are giving up.

[Lawrence21]

Thank you!