If you have equity in your property, then you'll be able to refinance the loan to get a lower interest rate. You can either contact your present lender or other local lenders to get a mortgage refinance.
I am in need of some cash and I inherited my property a couple years ago. I am not behind in my mortgage payments, but this month I am late a couple days. I need about 20,000 for personal use and I wanted to refinance my property which is about 600,000 to 700,000 in value. I owe about 150,000 before payoff. My credit is not good. Is there anything I can do to get a refinance at this time. I have had a couple bad years since I inherited the property. In fact, it is still in my dads name. Please advise me as to what to do. I am in the process of getting it in my name at this time. I just need some advice.
HELP!!!!!!
HELP!!!!!!
To refinance a loan, some lenders require a new appraisal. Make sure your mobile home is in good condition and you do all repairs needed before applying.