How to Secure Mortgage Loans after Bankruptcy?

Getting a mortgage after bankruptcy is not too difficult if a debtor has tried to build up good credit. A low rate could be obtained in a variety of bankruptcy mortgage loans like interest only mortgages, home equity loans, business venture funding, etc. A low mortgage rate helps in saving thousands of dollars to the borrower. Many online sites offer free quotes on home loans after bankruptcy. Filing a chapter 13 bankruptcy puts debtors in a better position than a chapter 7 filing. A chapter 13 filing stays on the credit report for 7 years as against the 10 years for chapter 7. In a chapter 13 filing, the debtor follows a repayment plan to pay off the filing's listed debts. The debtor need not wait too long to get a home loan after bankruptcy or to qualify for a bankruptcy mortgage loan.