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Company Loan Type APR Est. Pmt.

Do you refinance or give second mortgages on manufactured ho

Posted on: 12th Jul, 2008 01:13 am
do you refinance or give second mortgages on manufactured homes without land? i would like to know if you refinance or give second mortgages on manufactured homes without land? i have had the home for 11yrs. i bought it new. thank you for your time.
Welcome dumass.

Old manufactured homes doesn't worth much. How much do you owe now and how much is the manufactured homes worth currently?
Posted on: 12th Jul, 2008 01:20 am
Hi Dumass,

How much do you still owe on the first mortgage? there should be a purpose behind your refinancing or taking out a second loan. There are lenders who offer loans on manufactured homes without the land being involved. But the fact remains that your mobile home should have a permanent foundation. Is it there?

Check out the Mobile home loan faqs before you proceed to refinance or take a second loan.

Samantha
Posted on: 14th Jul, 2008 04:40 am
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