| Author |
Message |
adonis
Joined: 22 Oct 2005
Posts: 10242
Location: ALASKA
1042.50 Dollars($)
|
Post subject: |
|
|
Welcome juan,
As the property is free and clear, you will be able to use it as a collateral in order to get a mortgage. You can contact the mortgage lenders of your area and apply for a loan. If you meet the required criteria of the lender, you would be able to get a loan. You can even speak to the lenders of this community and seek a no obligation free mortgage quote. This will let you know what type of rates and terms you would receive when you apply for a loan.
_________________
Procrastination is the enemy of your financial success |
|
 |
blanca ochoa
Guest
0.10 Dollars($)
|
|
Post subject: selling my mobile home with land to friend |
|
|
| I have a double wide mobile home that my friend is interested in buying, he's been with his job for many years ..... I'm not really sure what my mortgage balance is maybe between 69000.00 to 76000. 00., I am selling the home for 89000. the home is only 3 years old and in imaculent condition. can you help me . |
|
|
jerry
Moderator
Joined: 17 Oct 2005
Posts: 2615
Location: MICHIGAN
415.19 Dollars($)
|
|
Post subject: |
|
|
Hi blanca,
You can use a quit claim deed to sell off the property to your friend. You can contact an attorney and he will help you in getting the deed form drafted. As far as the mortgage is concerned, your friend will have to refinance it in his name. This will release you from the obligations towards the loan.
Thanks,
Jerry |
|
|
First_Time_Buyer
Guest
0.10 Dollars($)
|
|
Post subject: Make big payments |
|
|
| Iam wondering if i take 15 year loan can i make big payments and clear off my loan (like in a year or so)? If i can do that will i be liable for any charges or fees (like pre payment penalty and stuff like that). |
|
|
adonis
Joined: 22 Oct 2005
Posts: 10242
Location: ALASKA
1042.50 Dollars($)
|
|
Post subject: |
|
|
Welcome Guest,
You need to check out the mortgage docs in full in order to know whether or not there is a pre-payment penalty clause mentioned in it. If no such clause is mentioned, then you can pay off the dues in full within 1 year and you won't be liable for any charges or fees.
_________________
Procrastination is the enemy of your financial success |
|
|
theresa
Guest
0.10 Dollars($)
|
|
Post subject: owner financing |
|
|
| what happens to the money that you pay rent with while you waiting to buy the home |
|
|
jameshogg
Joined: 20 Dec 2005
Posts: 10148
Location: Nevada
941.94 Dollars($)
|
|
Post subject: |
|
|
Hi theresa,
When you go for an owner financing, you'll have to sign a least purchase agreement with the seller. At the end of the lease term, you'll have to take out a mortgage and pay down the balance purchase price minus the total rent payments made. The rent payments go towards the purchase price of the property.
Thanks |
|
|
denise*77
Guest
0.10 Dollars($)
|
|
Post subject: how can get a loan a forclosure home |
|
|
| I'm was doing rent to own with this owner and I still pay my rent for to go two month and I'm a good payer. but he didn't tell me that the home was foreclosure on me 8/1/10. The Top off of that he resign me for nother year on the Lease/Purchase contract that on 8/1/10. The Broker I Have to talk to a lender or banker. they give us 3 more days |
|
|
jameshogg
Joined: 20 Dec 2005
Posts: 10148
Location: Nevada
941.94 Dollars($)
|
|
Post subject: |
|
|
Hi denise,
If you have a good credit score and stable financial situation, then you can contact the present lender and apply for a mortgage to buy the property. If the lender agrees to your offer, then you'll be able to get a mortgage to buy the property.
Thanks |
|
|
stella
Guest
0.10 Dollars($)
|
|
Post subject: park model and land |
|
|
do you know anyone insitution that will finance in florida
park model with land |
|
|
jameshogg
Joined: 20 Dec 2005
Posts: 10148
Location: Nevada
941.94 Dollars($)
|
|
Post subject: |
|
|
Hi stella,
You can contact the Florida based lenders and check out if they can help you in this matter. You can even speak to the lenders of this community and seek a no obligation free mortgage quote. This will help you know what type of rates and terms you'll qualify for.
Thanks |
|
|
smagyar
Guest
0.10 Dollars($)
|
|
Post subject: Land with doublewide mobile home |
|
|
| I have excellent credit and want to purchase a second home in the country. A doublewide on 1.5 acre for $50,000. I'm prepaired to put down up to 20% butI an't find a bank or a finance company that would finance land and mpobile home packages. Any suggestions?? |
|
|
jameshogg
Joined: 20 Dec 2005
Posts: 10148
Location: Nevada
941.94 Dollars($)
|
|
Post subject: |
|
|
Hi smagyar,
As you already have a mortgage on one of your properties, the lenders will not be ready to give you a mortgage for a second double wide. You will have to pay off your existing mortgage and then apply for a mortgage to buy a new property.
Thanks |
|
|
concerned seller
Guest
0.10 Dollars($)
|
|
Post subject: financing |
|
|
| Help! We are wanting to put our manufactured home and land up for sale, but I have had someone tell me that there are no financing options for manufactured homes. Is this true? |
|
|
adonis
Joined: 22 Oct 2005
Posts: 10242
Location: ALASKA
1042.50 Dollars($)
|
|
Post subject: |
|
|
Hi Guest,
It is not true that there is no financing options available for manufactured homes. There are lenders who will help the borrowers in getting such finance.
_________________
Procrastination is the enemy of your financial success |
|
|
Previous 1, 2, 3, ... 8, 9, 10, 11 Next 
