Your Chapter 13 Bankruptcy Plan provided you relief and made your monthly payments more manageable.However, now you may be eligible to take the next step toward improving your credit by closing your Chapter 13 Bankruptcy Plan after your first year and eliminating Trustee Payments and/or Wage Attachments providing you have made your post petition mortgage payments and trustee payments in the month they were do. Also, subject to acceptable FIC0 scores.
Chapter 13 trustees collect a percentage fee of up to ten (10%) percent of every penny paid by you into the Plan.
Most debtors are surprised how much their monthly payments can be lowered. Best of all you will be on your way to rebuilding your credit.With a simple home refinance, you may be eligible to pay off your Plan, pay off other debts and even put cash in your pocket. Keep in mind that interest on mortgage loans is usually tax deductible.
Most debtors continue in their bankruptcy plan for years, even though they have an option to refinance their way out. Until your bankruptcy is closed youwill continue to pay higher interest rates plus the Trustees fee. We are here to help you start putting your past credit problems behind you by starting a new financial future. Take advantage of todays low rates!
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Our professionals will help you make all this possible.
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Home Savings of America 100 West Road Suite 300 Towson, Maryland 21204-2331