bankruptcy home loan

A bankruptcy home loan is a mortgage for a person who has previously been discharged from bankruptcy. This can leave a black mark on a person's credit report for years to come, which makes it difficult for them to get a home loan afterwards. Despite the difficulty, there are lenders out there who are willing to give out money. However, borrowers must be cautious and watch out for scams. Any credit counselor will advise those coming out of this situation to work towards a good credit score before attempting to obtain bankruptcy home loans.