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Title: Buying a Home After Bankruptcy - April Randle Law Meta: Bankruptcy can be devastating, but buying a home is not totally out of thepicture. April Randle Law can help you get back on track.Headline: Buying a home after bankruptcy 

Everyone can agree that filing for bankruptcy was never in their life plans. We

all know that it can be extremely devastating as it influences your home buyingplans, ability to borrow money, use a credit card, and credit score. No one will wantto let you borrow money when you are in that situation, at least not withoutenormous interest rates. However, if you feel like you’ve hit rock bottom, justremember that the only way out is up. It can only get better from here with properfinancial planning and patience. Not all is lost and purchasing a home in the nearfuture is possible.

Cleaning up and organizing your credit score 

Buying a home is a big deal, and after bankruptcy you need to prove tolenders that you are responsible and your past financial problems are all taken careof. After bankruptcy, there are a few things that need to be done to help you take outa home loan in the future. The first step is cleaning up and organizing your creditreport. Make sure your credit report is accurately portraying the outcome of yourbankruptcy. If there are debts that have already been paid but it does not show onyour credit report, call your credit agency and prove to them that it has been takencare of. Check for mistakes and have them corrected. Remember that you areentitled to a free credit report from each of the rating agencies.

How to start rebuilding your credit score 

Now that you have cleaned up your credit report, you need to show lenders

that you can be trusted to pay back money that you owe. The fastest way toeffectively rebuild your credit score is to use secured credit cards and installmentloans.

It is hard to get an unsecured credit card coming out of bankruptcy so asecured credit card is your best option. It provides you credit limited to the amountyou have on deposit with the issuing bank. For example, if you have $500 to put inthe account of the issuing bank, your credit will be limited to that deposit.

 An installment loan is where a borrower makes installment payments everymonth. The most important thing is making your monthly payments on time.Installment loans can include personal, car, or student loans.

When you are trying to rebuild your credit score, make sure you are paying allyour bills on time and even early if you can. Be sure you do not max out your credit

cards and apply for too much credit at once.

The waiting process and applying for a mortgage

 After your bankruptcy has been discharged, you need to exercise patienceand wait at least 24 months before you apply for a loan. This way, you won’t becharged outrageous interest rates and it will save you a lot of money. Make sure youare prepared to apply for a mortgage by having money in the bank, no bounced

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checks, and a stable job. Also, remember that a large down payment will be verybeneficial in the long run as it will keep your loans small.

If you are filing for bankruptcy and totally overwhelmed in your financial rut,you can contact bankruptcy attorney April Randle. She is knowledgeable, caring,and can help you overcome your financial stresses. Bankruptcy law is the only kind

of law the Randle Office handles, so you can be assured that you are in great care.Let April Randle help you rise above your financial challenges and get back on theright path so you can focus on what is most important in life.

Sources:http://www.money-zine.com/financial-planning/buying-a-home/buying-a-home-after-bankruptcy/ http://www.realtor.com/advice/buy-home-bankruptcy/