How Long After Car Repossession Can I Get A Mortgage ?
If you're thinking about buying a home, you may be wondering how long after car repossession can you get a mortgage. The answer is that it depends on the lender, but usually, you'll need to wait at least two years.
However, if you have a strong credit history and can prove that the repossession was due to extenuating circumstances beyond your control, you may be able to get a mortgage sooner.
The key is to start rebuilding your credit as soon as possible after the repossession and to show lenders that you're a responsible borrower.
If you're not sure whether you can qualify for a mortgage, talk to a lender about your options. They can help you understand what's required and how long after car repossession you'll need to wait before applying for a home loan.
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