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loan options

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celmore2 Joined: 30 Oct 2010 Posts: 1 1.00 Dollars($)	Posted: Sat Oct 30, 2010 5:19 am    Post subject: loan options Like 0 Dislike 0 We are looking to purchase a 10 acre property that has a mobile home (on a slab foundation). At the present time, this would not be our primary residence. We currently have a home with an FHA mortgage in town that we are planning to remain in for the next 1 to 2 years. Our purpose in purchasing this property is to build a home and we want the option to do whatever we want with the mobile home once the financing is obtained..i.e. move it to a mobile home park and rent it out or sell it out right. What would be the best type of financing for us?
adonis Joined: 22 Oct 2005 Posts: 10562 Location: ALASKA 1089.18 Dollars($)	Posted: Sun Oct 31, 2010 9:22 pm    Post subject: Like 0 Dislike 0 Welcome celmore, You can go for a mobile home loan if you meet the required criteria of the lender. You should contact the local lenders and apply for a mortgage. The lender will check your financial situation and let you know whether or not you'll be able to qualify for a loan. _________________ Procrastination is the enemy of your financial success

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