than just concessions. It could be that, during the home-search process but after completion of your initial lists, you’ve changed your mind about something. You might end up preferring a certain style or home feature that you wouldn’t have considered before. But remember, while it’s okay to change your mind, you shouldn’t compromise on the big-ticket items — whatever’s most important to you. POINTS TO REMEMBER: ; ; Lenders are usually reluctant to grant you a mortgage after a recent foreclosure. However, if you can prove extenuating circumstances, they might work with you. ; ; A federally insured FHA loan is a good option for obtaining a mortgage after foreclosure. However, you must wait three years after a completed foreclosure for loan approval. ; ; When you’re emotionally and financially ready to look for a new home, do your research, consider working with an agent, and thoroughly examine homes that meet your criteria. ; ; Decide which of the characteristics you want in a home are negotiable.
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