The Marquee Loop: Mortgage Myths, Bankruptcies

The Marquee Loop:

Mortgage Myths: Separating the fact from fiction

The Myth: Bankruptcies, foreclosures, shortsales and  judgements prevent you from getting a mortgage.

The Fact: While yes it’s true that all mortgage types have certain waiting periods for all the events above, by no means will these life events prevent you from obtaining a mortgage once certain anniversary dates are met.

It’s all about timing! Below are the anniversary dates that borrowers need to know when applying for these various mortgage types.

Time heals most wounds.

Contact one of our Loan Officers for further details and be sure to follow our Blog weekly to gain more insights on Mortgage Myths.

*Marquee Mortgage LLC, is an independent, full service broker specializing in purchase money loans, refinances and creative lending solutions.