Posted on: 20th Jan, 2011 11:31 pm
we really need to take advantage of these new rates. We bought out manufactured home 4 years ago. Were in a 30 year fixed at about 6%. The new rates would save alot, as my job has taken a hit with this economy. I have lost most of my overtime, losing around 800 a month in income now. we both have good jobs, and great job history. we have never been late on rent or a morgage in 20 years. our current lender won't adjust anything with us. like i said were not late, but it's coming! it's an 82 mobile, we both have great credit {mid 700's} and can't seem to get help, seems like we have to be way late to get noticed here? any help out there for peolpe like us?
hi barbandsully,
i guess you don't have equity in your property. the lenders will not be ready to refinance your property unless you have equity in your property. apart from a good income and good credit score, equity in the property is one of the pre-requisites to get a refinance.
i guess you don't have equity in your property. the lenders will not be ready to refinance your property unless you have equity in your property. apart from a good income and good credit score, equity in the property is one of the pre-requisites to get a refinance.
like i said we bought 4 years ago, we owe more then the property is worth. This is the case all over the nation, and I keep hearing about these lenders financing with lower rates. I'm sure if we were 3 months behind they would work with us, but we aren't lik that!