For most of you home owners out there, you are probably familiar with mortgages.  If you have had your home for a while, you may have already renewed your mortgage.  If you have, great, if you haven’t it is a pretty simple process.  It is almost as simple as walking in and then walking out.

But what happens if you have bad credit.  Specifically, I would like to talk about what happens when you go bankrupt, and then have to go remortgage your home.  First off, this will definitely come up in conversation and if it doesn’t you should mention it.  They will appreciate your honesty – and you don’t want to be charged for fraud.

Secondly, you may have to jump through a few extra hoops.  Getting a bad credit remortgage is a little different than if you had good credit.  A big bonus will be in your favor if you have historically made your mortgage payments on time.

All I can suggest is don’t worry: just be honest and everything should work out.  Unless there are some serious problems, it is rare that they don’t approve you (since they leant you the money in the first place).  Good luck!