Posted on: 26th Oct, 2010 09:40 am
i would like to know if i could get a loan using my 1995 doublewide mobile home as collateral
mobile home loan
Hi Mark B,
Welcome to mortgage fit
In order to get loan against mobile home you should have enough equity and your mobile home should not be old enough.(some banks have put a benchmark of 1978) then only you could be able to get loan with mobile home as collateral.
Again you must have good equity in the mobile which you are currently using...
Feel free to ask any further query if you have...
DIPA
Welcome to mortgage fit
In order to get loan against mobile home you should have enough equity and your mobile home should not be old enough.(some banks have put a benchmark of 1978) then only you could be able to get loan with mobile home as collateral.
Again you must have good equity in the mobile which you are currently using...
Feel free to ask any further query if you have...
DIPA