After going through the expensive and embarrassing process of a Chapter 7 Bankruptcy in the Connecticut Court Systems the last thing you want is to be turned down by multiple Connecticut mortgage brokers. Unfortunately there are not many mortgage brokers remaining who will help people right out of bankruptcy because of the Connecticut mortgage lenders changing their rules and guidelines so drastically. However, if you take a little time to research online you can still find Connecticut mortgage brokers who will help you regardless of your past credit issues.<br><br>The fastest way to get turned down for a mortgage after bankruptcy is go into your local bank and ask them to approve you for a mortgage. Most local banks and direct lenders have very strict guidelines and want to see two, four or more years after a bankruptcy discharge before they will even consider approving you for a mortgage.<br><br>The first thing you should do before looking is to make sure that you have all of the documentation from your Chapter 7 bankruptcy that proves the accounts that were included in the Chapter 7 discharge. This will be very important because most of the credit bureaus incorrectly report your accounts after bankruptcy because the creditors do not always want to report that the account was discharged or settled as agreed.<br><br>The second thing you should do is open up at least three accounts immediately after bankruptcy so that you can begin rebuilding your credit scores. This is done by going to your current bank that has your checking account or savings account and telling them you want to open up a secured line of credit. Some banks will let you do it right at the main branch and others will require you to call a special number to do it.<br><br>Lastly you should take some time to look for Connecticut mortgage brokers that explicitly state that they will work with people after a Chapter 7 bankruptcy, low credit or bad credit. This will give you the best shot at being approved.<br>
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Sun, 30 Mar 2008 22:03:55 - 100%
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