Can you refinance your mortgage in a bankruptcy?

If you're wondering if you can refinance your mortgage during bankruptcy, the short answer is not likely. Since refinancing your mortgage is a new loan, your credit will be ran by the bank, whether you're using a new lender or the same lender as the current loan.

Bankruptcy lowers your credit score to the point where you are not likely to get much, if any, credit extended to you for a few years after the bankruptcy. If you need help with your loan, consider a modification which changes the terms of your current loan, rather than applying for a new one.

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