Massachusetts Mortgage After Bankruptcy – 3 Of The Most Expensive Mistakes You Can Make
Massachusetts has state laws that prevent predatory lending practices, but when refinancing after a bankruptcy, it can still happen.
Everyone makes mistakes, but when it comes to refinancing after bankruptcy, mistakes can get expensive. To make sure you don’t cost yourself any unnecessary hard earned money, it’s better to learn from some of the errors that other people have made. Here are some of the most common mistakes associated with refinancing a Massachusetts mortgage after bankruptcy:
Not Taking Steps to Repair Credit Before Refinancing
With a low credit score, you are guaranteed to pay more for your Massachusetts mortgage refinance after bankruptcy. If you can afford to wait for a few months to take time to repair your credit, you should. You will qualify for much better rates and terms. A lower rate could save you thousands of dollars over the life of your loan.
Choosing the Wrong Lender
Your post-bankruptcy refinance is only as good as the lender you choose to work with. If you get bad rates, bad terms, and bad service, you...