All, I live in Missouri I've received permission from the court to obtain a loan in the amount of 140,000. Do you guys know of a mortgage Co that will refinace me. Everyone I call states they don't refinance people in BK. My interest rate is 9.5% I have a FHA loan but the streamline process isn't offered because my plan provides that the arrearange interest isn't scheduled to be paid until 2005. Please help if you can. Steve
I have a CH 13 bk that will be finished 12/03. We have an 8% fixed conv mortgage. I wanted to refinance with an ARM. Got a really great broker who worked his heart out trying to get us refinanced. No one would take it until the bk was completed. Several would take it 1 day after discharge at a lower rate than 8%. I, too, got permission from the trustee to do this. He said "if it saves money, I approve." I guess we are just going to have to wait until December. I hate that we missed the lowest of the low rates. Hopefully they will stay low a while longer. Our broker said that there was language in the rules for conforming loans that made a CH 13 in progress very iffy for a refinance. Whether they could refinance and chose not to, I don't know. Good luck. Let us know if you work it out. I would love to know!
