In November 2005, I declared personal bankruptcy and was freed from my guilt. in August 2006. I did not apply for a loan, but I kept a big car loan bankruptcy (via my credit card in the future) I want to be free and clear on my Equifax report ever bankruptcy in November 2012, but I do not want to wait so long to get a house to buy. I have to put up $ 25,000 in cash in the house (my savings) The house that we buy only $ 77,000.

be $ So, the total amount of the mortgage, we ask the bank 52,000.

What can I do now to help me build my credit back?

My husband, a FICO score (credit score from Equifax) 711 – and its debts in addition to a $ 1,000.00 Visa is a car loan that he never had a late payment and late March 2011. He arrives a regular income for two years and never lose it (working for the family)

Would it be better to buy the house and on your own I “loan” him $ 25,000 or we try to obtain a mortgage and in the spring of 2012?

Anyones help would be great, especially if you are a specialist in the mortgage or banking / financial sector.

You should check to see your credit card, where your credit card is now. If a credit re-established after the bankruptcy and you are free (free), then you should have a credit score up. In Canada, the criterion is that the lender wants to see that if you learned your lesson, in principle, they recovered to see credit after bankruptcy and no late payments or collections of bankruptcy want.

If the car loan was then that maybe something that you helped build or maintain your credit score. To create a new credit line, you may need to secure a credit card that will get your credit card in advance.

A mortgage can be made, but the best thing to do is try to. If you do not try, you should be able to provide information about what you need to get in a position to qualify for a mortgage.

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