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Payment history after bankruptcy
Mortgage lenders want to see perfect payment history after someone has filed bankruptcy. Late payments after bankruptcy is frowned upon and many mortgage lenders will not even consider any mortgage applicants who had a late payment after a bankruptcy discharge.

If you just filed bankruptcy and had your bankruptcy discharged, please do not ever be late on your credit payments. Many folks do not realize how important it is that you are never late on a late payment, even a minimum $10 payment, after a bankruptcy discharge. Mortgage lenders will go over your credit history and see and point out if there were any late payments. This is not just recent late payments in the past 12 months but overall payment history after your bankruptcy discharge.
All mortgage lenders who I went to prior to Gustan Cho did tell me I did not qualify for a mortgage because I was late on some of my payments after my bankruptcy discharge. That was one of my main reasons why I got denied right off the bat. Gustan Cho did his MAGIC and got me approved even after late payments after my bankruptcy discharge through manual underwriting.
It is not just bankruptcy but mortgage lenders do not want to see any late payment history after short sale, foreclosure, and deed in lieu of foreclosure as well. Most mortgage lenders will not consider qualifying a mortgage loan candidate with late payments after foreclosure, bankruptcy, deed in lieu of foreclosure, and short sale.


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