Posted on: 21st Apr, 2010 06:09 pm
i owe a 1986 14x60 schult 2 bedroom 840 sq. feet patio w/cover mobile home 2 car parking on a family own mobile home park. it's a gated w/security quite communtiy. i've been paying on it for 18 mos. at 10% int.rate.and owe about 26,500.00. my credit is fair because i was on unemploment an notified my creditors and i'm playing catch up. my loan is current and so is my car and credit card. i would like to refinance my loan to get a lower rate to lower my payments.can you help me jim
You've mentioned that you are unemployed at present. In this situation, you won't be able to get a refinance. While giving you a refinance, the lender will check your financial stability and income. As you will be unable to prove your financial stability, the lender will not be ready to give you a mortgage.