Posted on: 12th Jul, 2009 04:19 pm
my brother just refinanced his manufactured home to get my signature off his original loan; now however, he has found a piece of property he would like to buy.
he saw an ad on refinancing your mobile home and buying property at the same time; but he doesn't think he can do it because of the refinance he just did to get me off as a co-signer.
so my question is, can he do another refinance combining property in with it?
he saw an ad on refinancing your mobile home and buying property at the same time; but he doesn't think he can do it because of the refinance he just did to get me off as a co-signer.
so my question is, can he do another refinance combining property in with it?
Hi mc,
Your brother will not be able to refinance the property immediately again. He will have to wait for 8-10 months in order to apply for another refinancing. Before that, I don't think lenders would be ready to refinance the property again.
Thanks
Your brother will not be able to refinance the property immediately again. He will have to wait for 8-10 months in order to apply for another refinancing. Before that, I don't think lenders would be ready to refinance the property again.
Thanks