Salt Lake City Bankruptcy Lawyers

Mortgages and Bankruptcy in Provo, Ogden & Salt Lake City, Utah

Many of our clients are concerned with how bankruptcy will affect their credit, as well as their ability to buy a home in the future. Will you qualify for a mortgage? How long will it be before a lender may be willing to look at your case? Your ability to buy a house will vary depending on a number of issues, including the lender’s specific policies, whether you filed a Chapter 7 or Chapter 13 case, and much more.

At the Stone Law Firm, our legal team is dedicated to effectively representing clients in bankruptcy matters, and this includes those involving mortgages. We welcome you to contact a Salt Lake City bankruptcy attorney at our firm in order to discuss your specific financial case and what your potential options may be to qualify for a mortgage in the future. With the personalized attention and knowledgeable representation we provide, you will have the greatest opportunity of making a well-informed decision about filing and will have a better chance of rebuilding your credit after your case is completed and your debts discharged.

While it will vary by lender, some mortgage companies are willing to lend as early as 12 months following a Chapter 7 bankruptcy discharge. The average length of time to be considered by a lender for a mortgage loan is usually around 16 to 20 months. The terms of the loan will affect the length of time before you may be considered.

Buying a Home After Your Salt Lake City Bankruptcy

A mortgage is actually an excellent way to establish a new credit history and can help to raise your FICO score. A bankruptcy lawyer at our firm can meet with you to go over your financial needs and can inform you of your options in regards to buying a home after bankruptcy. We offer a free initial consultation and represent clients throughout all of Salt Lake City, Ogden and Provo, Utah.

Contact a Salt Lake City bankruptcy lawyer at our firm to discuss bankruptcy and mortgages.