Video Transcript:
Many think bankruptcy ends homeownership dreams. The law, however, says something different. It creates a special path, a legal gateway to get your new mortgage. I am David Ghazaryan. My work is structuring these approvals. The court and the trustee hold the keys; without their permission, no lender will approve you. The clearest path forward is the FHA loan. It has one simple but very strict rule. You must prove twelve perfect on-time plan payments first. This isn't just asking a judge for a favor. Your lawyer files a formal motion. This motion must prove you can handle both your plan and house payments. Yes, your interest rate will be a bit higher. This is because the lender sees more risk. But this higher rate is not forever, it's temporary. The system has rules, but they create a clear path. My analysis continues on my platforms and website. See the links below for the full article.
Read Blog Here: https://www.iqratemortgages.com/blog/buying-a-home-in-texas-during-chapter-13-bankruptcy
