Posted on: 21st Mar, 2010 01:49 am
need to refinance 30,000 dollar
2002 mobile home.with 2,000
more in cash.for continued adoption of our grandson.
father in law is going to sell us 1 acre of land.do not want the land in the loan. the 30,000 will
pay off the lien on the mobile home.which is very high.can this be done legally? and do we qualify as first time home buyers?dobb7810
2002 mobile home.with 2,000
more in cash.for continued adoption of our grandson.
father in law is going to sell us 1 acre of land.do not want the land in the loan. the 30,000 will
pay off the lien on the mobile home.which is very high.can this be done legally? and do we qualify as first time home buyers?dobb7810
Hi dobb,
You will be able to refinance the mortgage that you have on your mobile home. Getting a refinance would depend upon the equity that you have on the property (mobile home). As you are refinancing the mortgage, you won't be considered as a first time home buyer. Thus, you won't be able to get the tax credit.
You will be able to refinance the mortgage that you have on your mobile home. Getting a refinance would depend upon the equity that you have on the property (mobile home). As you are refinancing the mortgage, you won't be considered as a first time home buyer. Thus, you won't be able to get the tax credit.