Mortgage Application
Apply for a free, no-obligation quote from Florida Home Loan
Florida Home Loan offers the best interest rates on mortgage loans with outstanding customer service to
give you a pleasant experience with your re-finance,
home equity loan or new home purchase.

Give us a chance to prove it by clicking here.
Start

Glossary of Terms > B > BANKRUPTCY

BANKRUPTCY

Declarations of bankruptcy have major impacts on your ability to receive loans or lines of credit of any kind. The basic gist is that by filing for bankruptcy protection in federal court, individuals can restructure or relieve themselves of debts and liabilities. The most common type of bankruptcy for an individual seems to be "Chapter 7 No Asset" which most types of the borrower's debts. A borrower cannot usually qualify for an loan for a period of two years after the bankruptcy has been discharged and must re-establish an ability to repay debt.

B Terms

BALLOON MORTGAGE

BANKRUPTCY

BI-WEEKLY MORTGAGE

BILL OF SALE

BRIDGE LOAN

BROKER