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I want to borrow money on my paid off moble home

I own my moble home estated vaule 15,000 I rent the lot it sits on. I need $5000 for medical bills and to pay IRS It is a 1997 Fleetwood single wide. I plan on living in it the rest of my life. I have been at the same place of employment for 22 years. My credit is fair I have had a scam on one of my credit cards and am working on getting it paid.

smith.sussane's picture
smith.sussane | Joined: September 18, 2008 09:57 pm | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi vibelady!

Welcome to forums!

As the mobile home is free from any kind of liens, you can contact the local lenders and apply for a mobile home loan. With a fair credit and good income you will be able to secure a loan.

Feel free to ask if you've further queries.

Sussane

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 02:56 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

I need to find a loan co. who will lend me 3,000 Dollars, my credit is not so good.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 02:56 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Welcome wildennis,

Lenders normally don't agree to offer such a small loan amount. Nevertheless, you can contact the local private lenders and check out if they can help you in this regard.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 02:56 | Post subject:

Anonymous's picture
Anonymous | Joined: June 8, 2004 01:06 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

My daughter owns a 13 year old mobile home valued at approximately $65,000.
She needs to borrow about $25,000 but her credit (what there is of it) isn't that great. She has already been turned down by a local bank and we are looking for any advice. Thanks!

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 02:56 | Post subject:

adonis's picture
adonis | Joined: October 22, 2005 05:04 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

Hi A Hood,

With a bad credit, it will be very difficult for your daughter to qualify for any kind of mortgage. In such a situation, if you have a good credit, then you can co-sign for the mortgage.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 02:56 | Post subject:

alanjacobson's picture
alanjacobson | Joined: April 5, 2009 05:21 am | Posts: 0 | Location: New Jersey | 00 Dollars($)

vibelady, best of luck. The bottom line is that you do have something that has equity so you certainly have a chance of getting a loan. The credit problems are going to be a problem since the margin for error on this type of loan is small. You'll also likely find that the bank's valuation will be less than the one you got, since they are very conservative right now.

Like | Dislike | Share | Posted: Fri, 02/05/2016 - 02:56 | Post subject:

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