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refi manufactured 2nd home

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Icon Mini Profile boxing621





Joined: 21 Dec 2009

Posts: 1

1.25 Dollars($)
Post Posted: Mon Dec 21, 2009 1:25 pm    Post subject: refi manufactured 2nd home
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searching for a non borrowing title holder manufactured 2nd home loan, do you offer this type? *subject property is in Arizona with no liens.
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10443
Location: Nevada
984.98 Dollars($)
Post Posted: Mon Dec 21, 2009 8:00 pm    Post subject:
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Hi boxing,

If the borrower of the mortgage is not on the title of the property, lenders will not be ready to give a loan. This is because, it will become difficult for them to recover the dues if the borrower defaults the loan. Though the property is free and clear, the borrower of the loan should remain on the title of the property.

This community has a number of lenders. You can seek a no obligation free mortgage consultation from them. This will help you know whether or not you will get a loan.

Thanks
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