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If you aren't familiar with the refinancing process, refinancing your Maine mortgage after bankruptcy can prove to be especially difficult. You best bet will be to read up on the subject as much as possible before applying for a loan. To get you started here is a brief guide on how to refinance a mortgage after bankruptcy:

Step One- Check Your Credit Score

Before doing anything else, you will want to get a copy of your credit report and credit score. This will not only allow you to check for mistakes, it will give you an idea of how much you can expect to pay in rates and fee before you ever get a quote. Your credit report will be free if you get it from one of the three major credit reporting bureaus, but you will be required to pay for your credit score no matter where you go. In any regard, it will prove to be money well spent.

Step Two- Research Lenders

When refinancing your Maine mortgage after bankruptcy, you don't want to just randomly pick any lender who will talk to you. You will be much better served to find a lender who is familiar with post-bankruptcy mortgage refinances. Such lenders will be able to tell you instantly whether or not a refinance loan is feasible, and they will also be able to give you the best rates and terms.

Step Three- Get Rate Quotes

After picking three or four possible lenders to handle your post-bankruptcy Maine refinance, you will need to get rate quotes to determine who can offer you the best deal. You can either do this online or over the phone, but doing it online is much quicker. While doing this, you will also want to get information on how much it will cost you to close on the loan. To give you a basis for comparison, closing costs in Maine typically average $2,961.

Visit Maine Lending Center to see our Recommended After Bankruptcy Mortgage Refinance Lenders Servicing Maine, whether you are looking for home purchase, refinance or a home equity loan.