Posted on: 18th Jun, 2010 11:51 am
is there anyone that will refinance a pre-hud (by 2 months) doublewide mobile home? the bank who financed us was shut down by state of wa. the home sits on 3 lots with view of puget sound and mountains. our loan was high interest for first 5 years and then were supposed to be able to refinance lower rate, but bank is shut down. good credit, never late, payments are too high and don't want to walk away and ruin our credit. i don't know where to turn, have tried several lenders to no avail due to prehud. desperate for help.
thank you,
thank you,
Hi pattihendrix,
As it is a pre-HUD mobile home, lenders will not be ready to give you a mortgage to refinance the present home loan irrespective of the fact that you have a good credit and haven't been late on your mortgage dues. You can contact the local retailers who sell mobile homes. They may help you with a personal property loan to refinance your existing mortgage.
Thanks
As it is a pre-HUD mobile home, lenders will not be ready to give you a mortgage to refinance the present home loan irrespective of the fact that you have a good credit and haven't been late on your mortgage dues. You can contact the local retailers who sell mobile homes. They may help you with a personal property loan to refinance your existing mortgage.
Thanks
Thank you for your reply. I should have been more clear, we already have a loan on this mobile home and property and have been trying to find someone who will refinance it to no avail. We have over $50K equity and hate to walk away, but may have to.
Thank you,
Thank you,