home ownership after bankruptcy
October 16th, 2007 by Questions
My husband and I went bankrupt. We drive an old car and rent an apartment. Eventually we would like to own a home. Our bankruptcy was recently discharged and our income has increased – with our debts gone, this leaves us some money, finally, to save.
How long after a bankruptcy is discharged will we be able to realistically get a mortgage? Our trustee told us that the Canadian Mortgage and Housing Association will allow a mortgage 3 years after bankruptcy but talking to others who have gone bankrupt, I haven`t found anyone who was able to get a mortgage that soon.