Posted on: 19th Sep, 2012 01:53 pm
I need some help please....Me and my husband currently own 2 double-wides, both free and clear in our name. One is estimated at $60,000 and the other at $80,000. We want a cash-out of about $40,000 for repairs for both homes. We are having an extremely hard time in doing so. His credit is what you consider fair...with a top score of 627 but no one will do it because of stipulations. It is on block and some want brick, it has a shared well, and some want in-park homes. This one comes with the land. We would be willing to put the other up for a lien which is not on a shared well, but then they want it to be your primary residence.... so we can't find anyone to do a cash-out. We also have a co-signer with excellent credit if needed. This is too steep for a personal loan with a short pay-out term. Thank you! :D
Hello Jillio,
When it comes to making changes to what is usually the largest debt faced by a borrower, there can be some skepticism. But, refinancing through home loans is not about increasing the weight of debt, but of basically restructuring the loan to access necessary funds and also lighten the financial load.
:idea:
When it comes to making changes to what is usually the largest debt faced by a borrower, there can be some skepticism. But, refinancing through home loans is not about increasing the weight of debt, but of basically restructuring the loan to access necessary funds and also lighten the financial load.
:idea:
