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more FHA mortgage loans require borrowers to wait three years after a foreclosure and two years after a bankruptcy before applying for financing.
Good credit since the incident is generally a requirement as well.
Mortgages default every day in the world and they are just a normal part of the business for mortgage lenders.
Reduce your debt, get your credit back on track and find relief with a consolidation loan from Fairstone.
more It is important to understand the truth about home equity loans so that you don't run into future problems.
Lenders may not tell you the entire story when you seek to borrow on the equity of your home.
It has been used in a variety of different ways to change the existing terms of mortgages that they hold.
While sometimes loan modification can be to your advantage, many times it is not.