"How Long After Car Repossession Can I Get A Mortgage"
If you've had a car repossessed, you might be wondering how long it will take before you can get another mortgage. The good news is that you can usually get a mortgage within two years of having your car repossessed. Here's what you need to know.
When it comes to getting a mortgage after a car repossession, there are a few things to keep in mind. First, you'll need to have re-established credit since the repossession. This means making on-time payments on other debts, such as credit cards and student loans.
Second, you'll need to wait at least two years from the date of the repossession before applying for a new mortgage. This is because lenders typically want to see that you've been able to manage your finances responsibly for at least two years before they'll approve you for a loan.
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