Using Online Resources To Refinance Your Louisiana Mortgage After Bankruptcy

Posted by Nick Niesen on October 29th, 2010

Thinking about refinancing your Louisiana mortgage after bankruptcy? If so, head for the web. The Internet will prove to be your best resource during the refinancing process. Here are just a few of the things you can do online before applying for a Louisiana mortgage refinance after bankruptcy:

Get Your Credit Report
Anytime you apply for a loan, you should pull a copy of your credit report to see what lenders will be looking at. This is especially true if you are applying for a Louisisana mortgage refinance after bankruptcy. You can visit the website set up by the three major credit reporting bureaus or you can sign up with one of the many companies that offer credit report services.

Estimate the Value of Your Home
For the most part, home values in Louisiana have substantially increased in the last few years. To get an estimate of how much your home is worth today, you can use one of the many home value calculators that can be found online. These calculators allow you to punch in your address and/or zip code and pertinent information about the property. In the end, you will be given a roundabout estimate of your home's value. This information will prove to be very important when determining whether or not you can refinance your mortgage after bankruptcy.

Estimate the Cost of Your Loan
Before getting a post-bankruptcy Louisiana mortgage refinance, you need to find out how much the loan is going to cost you. The two main costs involved will be your interest rate and the fees you have to pay at closing. There are several different sites dedicated to providing this information to Louisiana borrowers. Take advantage of it and use these sites to research the affordability factor of a Louisiana mortgage refinance after bankruptcy.