Once some of your debts are discharged in bankruptcy, you’ll be on the road to recovery. But don’t rush out to get a home just yet—wait for the dust to settle and get your finances in order.
The following suggestions will help you look at each piece of the puzzle without becoming overwhelmed.- Calculate What You Can Afford - Schedule an Inspection - Consider Additional Costs and Factors
If you know you want to buy a home, you should start keeping meticulous financial records right now. Having organized financial records shows that you are sensitive to the details.
You need to look at the whole picture to make sure you’re getting the best deal for your financial situation. If you’re coming off a recent bankruptcy, you should expect a higher interest rate right out of the gate.