Posted on: 28th Sep, 2009 11:09 am
wondering if a refinance can be done on a mobile home located on our privately owned property in new jersey. credit score not good, looking for debt consolidation with some remodeling to home??????
As for refinancing your mobile home, that could be a different story. If you own the property it's currently on, you may be able to borrow against the value of the land. The mobile home itself, like any vehicle will depreciate over time, whereas land increases in value.
[Promotional text and external links deleted as per forum rules. Thanks.]
[Promotional text and external links deleted as per forum rules. Thanks.]
Hi hrsodon!
Welcome to forums!
You have mentioned that you do not have a good credit score. Keeping in mind the present market situation, lenders will not be ready to give you a loan if you have a bad credit score. Moreover, getting a refinance will also depend whether or not you have equity in the property.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
You have mentioned that you do not have a good credit score. Keeping in mind the present market situation, lenders will not be ready to give you a loan if you have a bad credit score. Moreover, getting a refinance will also depend whether or not you have equity in the property.
Feel free to ask if you've further queries.
Sussane