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Can i use the land my mobile home is on for colltral for a loan?

Posted on: 16th Feb, 2011 11:41 pm
my moblie home mortgage does not include my land is it possible to do this?
Hi herr!

Welcome to forums!

You can use the land as a collateral for a loan to buy a mobile home. You should contact the local lenders offering land loans and apply for a mortgage. They will check your financial and credit situation and let you know whether or not you can get a loan.

Feel free to ask if you've further queries.

Sussane
Posted on: 16th Feb, 2011 11:53 pm
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