We filed bankruptcy 2.5 years ago. Can we refinance?

Q: Is it possible to refinance from a 6% 30-year FHA-backed loan to a 15-year loan if I filed for bankruptcy two years ago? I have been in the house for 2.5 years and have never been late on a payment.

A: Given your bankruptcy, it is unlikely that you will be able to find a mortgage lender to make you a new loan until at least a few more years have passed. It's hard to say how long, which can depend upon whether or not you've rebuilt your credit and the kind of bankruptcy filing. However, it doesn't hurt to ask; call your existing lender and see what guidelines they can give you.