The Back to Work loan program has made it possible to apply for a new mortgage only 12 months after an economic event. After a situation like bankruptcy or foreclosure, it can be frightening to begin the move from an apartment or another shelter, to a house that you can call your own.
If your foreclosure was due to no fault of your own, like an illness, financial problems, or loss of job, rebuilding your economic stability should be your next priority. While most lenders will have you believe that your credit is priority number one, they aren’t always looking at the full picture.
