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refi question

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Icon Mini Profile huttoam




Joined: 10 Aug 2006

Posts: 1



1.22 Dollars($)

PostPosted: Thu Aug 10, 2006 9:44 am    Post subject: refi question

hello,

I have recently purchased a 2007 double wide mobile home and put my land as collateral (just over 1 acre). my credit score is around 545 is refinancing an option for me?
 
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mac_7

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0.10 Dollars($)

PostPosted: Thu Aug 10, 2006 9:54 am    Post subject: RE

Yeah its all available to you. Your score is also resonable to me and I dont think that you will face any problem in finding a lender for you to refinance.
 
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joel

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0.10 Dollars($)

PostPosted: Thu Aug 10, 2006 10:02 am    Post subject:

Hi Huttoam,

As Mac said your score is quiet reasonable but a score of 600 plus would have been much better.

Joel
 
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Icon Mini Profile jameshogg
jameshogg



Joined: 20 Dec 2005

Posts: 1835
Location: nevada


272.70 Dollars($)

PostPosted: Thu Aug 10, 2006 11:00 am    Post subject:

Hi Huttoam,

Have a look at this post on mobile home loans and how to go about refinancing the same. I think it will be helpful for you.

Thanks
James
 
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Icon Mini Profile Caron
Caron
Moderator


Joined: 19 Jul 2005

Posts: 1486
Location: florida


251.25 Dollars($)

PostPosted: Thu Aug 10, 2006 8:36 pm    Post subject: RE: If refinancing the best option?

Hi,

Refinancing will be a good option at your credit score but you may get a slightly higher rate as your score isn't fair enough to qualify. You need to shop around for a lender who will offer you the loan with your land as the collateral.

For more details on refinance, visit our section on the topic.

Best of luck Smile

Caron.
 
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