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loan

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patgavin0000 Joined: 28 Jun 2010 Posts: 1 1.00 Dollars($)	Posted: Mon Jun 28, 2010 7:38 am    Post subject: loan Like 0 Dislike 0 Would like to use mobile home as collateral 1996 double wide credit score 548 is there POSSIBILITY to obtain a loan to do repairs car and home
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Mon Jun 28, 2010 10:02 pm    Post subject: Like 0 Dislike 0 Hi patgavin! Welcome to forums! With a credit score of 548, it would be difficult for you to qualify for a home loan using the mobile home as a collateral. In order to qualify for a conventional home loan, the lender will require you to have a credit score of 700-720. I would suggest you to improve your credit score first and then look out for loans. You can look at the given page in order to know some steps to improve your score: http://www.mortgagefit.com/credit-rating/credit-repair.html Feel free to ask if you've further queries. Sussane

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