Refinancing after discharge

[kimmie336]

How long after your discharge do you have to wait before refinancing? I have been able to make my mortgage payments on time for the past year, despite the other bills. My mortgage is with HSBC and when I talked to them, I was told it would be about a year before I can consider refinancing. I am somewhat in a hurry because I have an outlandish interest rate on my ARM. Can anyone recommend another company or is this standard procedure?

[BKTango]

Usually speaking at least a year or two after bankruptcy is the wait period to be able to at least get financing at an affordable fixed rate. Most folks will tell you that you can get financing shortly after bankruptcy and while they may or may not be correct the interest rate outways refinancing to begin with. Check the mortgage after bankruptcy section of the forum and read some of MTG._BANKER_OH's posts. He's been very helpful to those with refinancing questions.

[Logan]

There are a few lenders who will give you a loan 1 day out of BK and are FICO driven for your rate so time is more of a factor to get your score up. After 1 year and then 2 years you more lenders will be available.

Logan