Posted on: 21st Nov, 2008 01:53 pm
It has 2 addittions more house than trailer.Need a loan asap
Hi tinktinknc
Welcome to forums!
Mobiles homes built before 1976 hardly qualify for any kind of mortgage. This is because lenders are concerned over the life expectancy as well as the depreciation of such a home when compared to the traditionally built homes. So I don't think lenders will offer you a loan.
You can try for personal loans. However, you should remember that the personal loans are available at a higher rate of interest.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
Mobiles homes built before 1976 hardly qualify for any kind of mortgage. This is because lenders are concerned over the life expectancy as well as the depreciation of such a home when compared to the traditionally built homes. So I don't think lenders will offer you a loan.
You can try for personal loans. However, you should remember that the personal loans are available at a higher rate of interest.
Feel free to ask if you have further queries.
Sussane