Why do you need to know about something that happened so long ago?
We ask for info over the last 7 years because that’s what the federal guidelines tell us to ask for. On our end, review someone’s entire profile to make sure a loan is affordable. If someone had a foreclosure or bankruptcy in the last 7 years, we want to see how you’ve managed your finances since then to make sure we’re putting you in a good position with an affordable loan.
Updated on: 13/07/2022