Posted on: 10th Jun, 2010 10:34 pm
I am a navy vet have 20 acers of gound devloped part of it and put a mobile home on it. i owe 64k on it would like to refiance it to consladate my debte. Where i live i am having a problem finding a bank the well lend money on a mobile home.
most of the times mobile homes are located at remote area and thus bank's risk increases,so banks hesitate to refinance the mobile home.
one suggestion on my part,instead of just mortgaging the mobile home,if you could also mortgage some of your land (may be 10 acre) it will be a lot more easier for the loan manager to refinance the loan at very low interest rate.
one suggestion on my part,instead of just mortgaging the mobile home,if you could also mortgage some of your land (may be 10 acre) it will be a lot more easier for the loan manager to refinance the loan at very low interest rate.