Chapter 13 Bankruptcy

your mortgage will certainly be effected when you file for Chapter 13 bankruptcy. It will also stay on your credit report for up to ten years and every time you apply for any type of credit the lender will think twice before saying yes.
Don’t loose hope, there are lender that will work with you, you just need to find one. If you can show a steady income then you chance are even better because they know that the mortgage payment is first on your list for payments. Make sure you keep your current payment on time as this will slowly bring your credit history back to life. Lenders will look to see if you make your car payment on time or any credit cards that you have.
Refinancing while in chapter 13 can be tough. For many, this is exactly the help they need but it is so hard to get. If you can accomplish this, you will have lower monthly payments which will be easier for you to make and that makes everyone happy. Keep looking for that person who will help, they are out there and will help those in chapter 13. You will find that one lender who notices that you are pulling your life back together and will take a chance on you.