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jameshogg
Joined: 20 Dec 2005
Posts: 4291
Location: nevada
509.34 Dollars($)
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Hi JHD!
You can use bonds and stocks as collateral but it will depend upon the bank or the lender whether it will accept it or not. Not all bonds are accepted as collateral. As far as bank accounts are concerned, I don't think the bank or the lender will allow you to use it as a collateral.
Thanks |
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joey murphy
Guest
0.10 Dollars($)
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Post subject: bad credit manufactured home loans |
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| where can i find the one i can get time's running out for me.. i am a student and get money for school but not to live? i have ruined my credit in the past but i need a mobile home now.. my parents are letting me use a place for the home so i don't need no land.. |
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jameshogg
Joined: 20 Dec 2005
Posts: 4291
Location: nevada
509.34 Dollars($)
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Hi joey,
If the home has a permanent foundation, then you can look out for mobile home loans. You can take the mortgage either on the home or on the land. But if the mobile home is located in a rented lot, then you will not be able to to get a mobile home loan. In that case, you will have to look for a personal property loan. To know more about mobile home loans, check out the given link:
http://www.mortgagefit.com/mobile-homeloan.html
Thanks |
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KJT
Guest
0.10 Dollars($)
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Post subject: Mobile on land |
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We would like to take out a mortgage on a mobile with land. The mobile is already set up (single wide)
What are the best rates put there. |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 1771
Location: MICHIGAN
264.62 Dollars($)
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Hi KJT,
If the mobile home has a permanent attachment with the land, then you may look for mobile home loans. But remember that before approving the mobile home loans, the lender will check your credit score and income history. The rates you may receive will also depend upon your credit score.
You may check out with the local lenders offering mobile home loans and get an idea of the type of rates they are offering. You can also seek a no obligation free mortgage consultation from the lenders of this community. This will give you an idea of the type of rates and terms you can expect to get.
Thanks,
Jerry |
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eric susee
Guest
0.10 Dollars($)
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Post subject: how to get a mobile home loan in a park |
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| is there anyone out there that will finace a 1982 mobile home in a park |
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adonis
Joined: 22 Oct 2005
Posts: 3852
Location: ALASKA
120.89 Dollars($)
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Post subject: |
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Welcome eric,
If the mobile home has a permanent foundation and if you have a good credit score and income, then I don't think you will face problems in getting a loan. You can contact the lenders of your area and check what types of rates and terms you can get.
You may also speak to the lenders of this community and seek a no obligation free consultation from them. This will help you to know the rates and terms you may expect to get.
_________________
Procrastination is the enemy of your financial sucess |
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Lhuntimer
Guest
0.10 Dollars($)
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Post subject: Debt to income ratio of 56% |
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| I am a graduate student at Iowa State University so that means limited income and student loans. I have a debt to income ratio of 56% so I am having trouble finding a mobile home loan even though my credit is good. Suggestions? |
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adonis
Joined: 22 Oct 2005
Posts: 3852
Location: ALASKA
120.89 Dollars($)
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Post subject: |
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Welcome Lhuntimer,
As far as I can understand, your debt to income ratio is too high. As a result of which it will be difficult for you to get a loan. In order to get conventional mortgage, you will require a debt to income ratio of 28/36 and for FHA you would require 31/43. |
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cc
Guest
0.10 Dollars($)
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Post subject: loan against land |
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We live in a double wide on 5 acres, the land is free and clear, is it possible
to get a loan to pay off credit cards against the land, we have lived on the land for 20 years |
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Niicss
Joined: 03 Oct 2005
Posts: 2617
Location: New Jersey
409.01 Dollars($)
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Hi cc
You can get a land loan provided if your credit score and income is good. However, I think it would be better if you could go for a debt settlement plan or a debt consolidation program. In debt consolidation, the interest rates for paying your credit card debts will be reduced whereas in debt settlement, your payments will be reduced by 40%-60% depending upon your financial situation.
Thanks. |
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chef1905
Joined: 05 Mar 2009
Posts: 1
1.25 Dollars($)
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Post subject: mobile home |
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| I need to refinace my mobile home because i'm paying 14 1/2 percent I live in a mobile home community? Where can i get a laon?? |
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sara
Moderator
Joined: 05 Jul 2006
Posts: 1679
Location: New Brunswick, New Jersey
315.05 Dollars($)
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Hi chef,
You can get your mobile home refinanced provided if there is equity in the property. Moreover, you should have a good credit score and income in order to qualify for the loan. Apart from this, the mobile home should have permanent foundation. You can speak to the local banks, lenders, mortgage companies or brokers for loans to refinance mobile home. To know more about mobile home loans, check out the following link:
http://www.mortgagefit.com/mobile-homeloan.html
Take Care. |
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emmylou36
Joined: 29 Mar 2009
Posts: 1
1.43 Dollars($)
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Post subject: Mobile Home |
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| I have a friend that I work with who is selling her mobile home. She is selling it for a low price and I really would like to buy it and actually own something. I just filed bankruptcy so I am not sure if that is going to have a negative impact on getting a loan. She is selling the mobile home for $5000.00. I have done a lot of figureing and I can save more money by purchasing the mobile home then renting at $618.00 a month. I just wanted to know if there are any loan companies that would help me out or if it is a lost cause? Thanks |
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smithsussane
Joined: 18 Sep 2008
Posts: 3709
Location: Alaska
556.69 Dollars($)
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Hi emmylou!
Welcome to forums!
You have mentioned that you have just filed for bankruptcy. In that case, it would be difficult for you to get a mortgage. If you have filed Chapter 7, then you need to wait for 2 years after the discharge to get a FHA loan and 4 years to get a conventional loan. If you have filed Chapter 13 bankruptcy, then you would have to wait for a year after the discharge to get FHA loans and 2 years to get conventional loans.
Feel free to ask if you have further queries.
Sussane |
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