"How Long After Car Repossession Can I Get A Mortgage"

Having your car repossessed can be a difficult experience, but it doesn't have to be the end of your dreams of homeownership. It is possible to get a mortgage after having a car repossessed, though the timeline for how long you must wait depends on several factors. Generally speaking, it is best to wait at least two years after the repossession before applying for a mortgage; this will give you time to rebuild credit and demonstrate financial responsibility.

The exact timeframe depends on various factors such as the type of loan you are applying for, the lending institution's policies, and any other negative marks on your credit report that could impact your ability to qualify for financing. Other steps you can take before applying include making sure that all debts from the repossession have been paid in full and contacting potential lenders to see what their specific requirements may be.

The Law Offices of Omar Zambrano has helped thousands of the people and businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706