I had a bk in 98 when i refinanced my mortgage i got a 10.85% fixed rate on a 15 year mortgage.Now that mortgage rates have dropped does anyone know of a lender in ny that offers a lower subprime rate thats lower than 10.85%? Thanks
IF YOUR BK HAS BEEN DISCHARGED FOR 3 YEARS (AT LEAST), AND YOU HAVE BEEN PERFECT SINCE THEN, YOU CAN ACTUALL QUALIFY FOR A CONFORMING LOAN. RIGHT NOW, FOR A 15YR FIXED RATE, YOU CAN GET AS LOW AS 6.750%. FIND OUT WHAT YOUR CREDIT SCORES ARE AND LET ME KNOW.
Why are you going for a 15 year mortgage? It's such cheap money you'd be better off with a 30 and putting the extra money into an investment or paying off credit card debt. Anyway you can easily get a good rate with the old BK. FHA loans are good if you have can't afford to put much money down and have spotty credit. If you have low scores ask your lender what you can do to have your report rescord.
