so, i filed for a bankruptcy in late '05, a chapter 7 i think, the one that you dont owe anyone anything....anyways, it was discharged in january of '06, and im still making payments on my house. I didnt sign any forms that cover intent to pay, i dont remember what they're called, and i'm interested in info on what i should do.... keep my $600 payment and 7.375% apr, or try to refinance it so i have some money for home improvements, and so my credit reports actually reflect payments being made...like i said, i owe nothing to no one..i have a zero balance due on this house, but i know i still owe about 49k on it, and if i sell, just to get out from it, i should be able to pocket whatever the difference is from what is owed, but i really dont know if i would be just shooting myself in the foot....help!!!!
I doubt you could get a much better rate not even being two-years out from discharge. It used to be that you could do alot one day out but, now Chase wholesale is the only lender that I know of that will touch someone less than two years out. This could be for purchasing rather than re-fi however, so someone correct me if I'm remiss.
I have to agree. With your BK I assume your current CSs are in the 500 or low 600. I don't think your going to get a better rate at this time with those scores.
