San Jose Bankruptcy: Buying a house after BK/Higher Interest Rates and Refinancing
Know then that once you buy the house, the only way to lower the interest rate is by refinancing. Refinancing takes time and costs money. So, if you find yourself in a situation in which you will not be able to make the payments due to the high interest rate our advice is to wait until you repair your credit first. Once your credit score is better you can start trying to get a mortgage approved. In the meantime, you can rent before buying a house. For more information about getting started with your bankruptcy, call a knowledgeable San Jose attorney at Sagaria Law.