Compare Mortgage Quotes

ginasat · Joined: 02 Mar 2010 Posts: 1 1.35 Dollars($)

I would like to get a loan to purchase the lot on which I have my Mobile Home (fully paid for). This home is not on a permanent foundation because it is still movable. It is on blocks. The asking price is probably 110,000 for the lot, but it's better than paying the rent for the space which is currently at $560 and going up at 8% per year for the next 8 years. If this is possible, what would the interest be (approx) for having good credit?
Lastly, if all above is possible, who would the lender be so that I can contact them?
THANK YOU! GG

jameshogg · Posted: Tue Mar 02, 2010 9:05 pm Post subject:

Hi ginasat,

The interest rates that you would get would depend upon the market. I would suggest you to speak to some of the lenders and check out what type of rates and terms you would get. This will also help you in knowing whether or not you would be able to qualify for a loan. This community, too, has a large number of lenders who participate in the forum discussions. You can seek a no obligation free mortgage consultation from them and get to know the present market rates and terms.

Thanks

Guest

I certainly will take your advise. Thank you most kindly.

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1

Compare Mortgage Quotes

Can I get a loan to purchase lot on which a mobile home is located and is movable