| Are you considering filing for bankruptcy, but are | | | | will want to see a percentage around 20% that has |
| concerned about how buying a house after | | | | been in your bank account for a couple of months. |
| bankruptcy works? Maybe you have already filed for | | | | This will be your down payment. They will also want to |
| bankruptcy and you want to know what to expect | | | | see that you have around 2 to 4 months worth of bills |
| when you try to buy a home. There are ways to buy | | | | saved and have had it saved for a couple of months |
| a house even if you have had a bankruptcy, but you | | | | as well. |
| need to know what to expect. | | | | Last, you will not get the best interest rate or fees. |
| First, when you file for bankruptcy you will ruin your | | | | You are considered a high risk when you have had a |
| credit. It will take a couple years to see your credit get | | | | bankruptcy so lenders and banks are going to charge |
| back to a level that will allow you to even come close | | | | you a higher interest rate than someone that has not |
| to purchasing a home. This is not a big deal because | | | | had any type of bankruptcy. This does not make |
| most banks and lenders will not even work with you | | | | buying a house after bankruptcy impossible, but it will |
| until your bankruptcy is 2 years old or more anyway. | | | | make it more expensive. |
| Second, you will have to start saving right away. They | | | | |