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Pixis place
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0.10 Dollars($)
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Post subject: finding a mortgage company to refinance our mobile home |
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My husband and I are wanting to refinance our mobile home, it is on a permanent foundation and we have done alot of improvements to the home inside and out. Our home has ceramic tile floors and real hardwood floors and new carpet we added and additional room on to the back of the home a covered front porch and paved driveway along with an above ground pool we did about 60,000.00 worth of improvements this year. My husband is recentaly retired and I have disability. We both filed a bankruptcy I filed a 7 and he a 13 which both have been discharged over a year. I am in the process of rebuilding our credit and we have NEVER been late on the mortgage payment. We are currently paying 12.75% interest and its killing us. We own 76,000 on our home and it has 0 equity we have been taken advantage of by several mortgage companies. Any suggestions on what to do we are paying 842.43 a month and need to refinance. Also the home was built in 1997 and is considered a hybrid home and we are on spring water. GRRR.
Sincerely
All mortgaged out...  |
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smithsussane
Joined: 18 Sep 2008
Posts: 10045
Location: Alaska
921.83 Dollars($)
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Post subject: |
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Hi Pixis!
Welcome to forums!
Did you contact with your present lender and requested for a refinance? If not, then I would suggest you to do the same. Check out what your lender has to say in this regard. You can even speak to the lenders of this community and seek a no obligation free mortgage consultation from them. You would get to know whether or not you would get a loan.
Sussane |
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autumn_limco
Joined: 05 Jan 2010
Posts: 11
2.36 Dollars($)
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hi smithsussane! you encountered the same problem before? what could be the possible outcomes?
for pixis, good thing that we can consult the lenders in this community for free. let's grab the opportunity.
_________________
Know more about Va Home Loan Funding Fee Disability |
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cldegrove@netzero.net
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0.10 Dollars($)
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Post subject: mobile home &property refi... |
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| I am trying to find a lenderto refi my existing loan, to achieve lower payments. I am located in Florida. Thanx. |
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Holley
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0.10 Dollars($)
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Post subject: Buying a Mobile Home |
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I am looking to buy a mobile home with my fiance. The particular home we are looking at was built in the 1960s, but completely renovated in 2002. The home is located in a park, and we would not own the land.
What type of loan, mortgage, etc, would be the best for our situation? |
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DONALD FORCE
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Post subject: I WANT TO SELL A MOBILE HOME ON LOT I OWN |
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I WANT TO BE THE BANKER ON THE LOAN HE IS PAYING 8% NOW
i WANT TO LOWER THE RATE TO 6%
I NEED TO KNOW WHAT THE RATE WOULD BE FOR PAYMENTS
THE BALANCE IS 32498.46 NOW.THERE IS 93 PAYMENTS TO GO
I SOLD THIS ON 5/01/2007
THE BUYER IS A FRIEND I JUST WANT TO LOWER THE RATE
_________________
Need help choosing the right loan? Get free consultation from community lenders/consultant |
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jameshogg
Joined: 20 Dec 2005
Posts: 10164
Location: Nevada
944.24 Dollars($)
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Hi cldegrove,
Did you speak to your existing lender about the refinance? If not, then you should speak to him and check out what options he is offering you. However, it's not mandatory to refinance the loan with the same lender. You may even speak to the other lenders and get to know the rates and terms. You can also seek a no obligation free mortgage quote from the lenders of this community and check out whether or not you would receive a loan.
Hi Holley,
You need to speak to a mortgage broker regarding the mobile home loan and get pre-approved for it. Also note that, mobile homes build prior to 1976 hardly qualify for loans. In that case, you'll have to look out for personal property loans which are available with the retailers who sell mobile homes.
Hi DONALD,
You can check out the market rates and terms and accordingly lower the interest rate. To know about the present market rates, check out the given page:
http://www.mortgagefit.com/rates/
Thanks |
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Terri
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Post subject: Paying off my mother in law |
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I have had some deliquencies in the past year due to my husbands health issues. He lost his job and is now recieving social security after working 30 yrs. We have a 1986 single home on 2 acres with no loans on. I had it appraised at 145k last year. I tried to get a loan to pay off my mother in law, which we owe her 85k for the purchase of this property but no one wants to loan for a single wide.
Is there any lenders that loan for a single wide on 2 acres w/2 car garage. |
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anonymous0223
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Post subject: have my own land |
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| Im looking for a government loan or grant that will pay for a mobile home park for HUD housing, is there anything like this? |
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Niicss
Joined: 03 Oct 2005
Posts: 4770
Location: New Jersey
499.28 Dollars($)
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Post subject: |
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Hi Terri,
You'll have to refinance the mortgage in your name. You can contact your present lender and apply for it. Depending upon the equity in your property, your credit score and your income, you would be able to receive the refinance.
Hi anonymous,
I don't think there is any such grant which would pay for the mobile home park for HUD. You'll have to contact the lenders who would help you with a mobile home loan. You should speak to the local lenders of your area and apply for a loan.
_________________
Good is the Enemy of Great. |
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Frankie
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0.10 Dollars($)
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Post subject: Land Loan |
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| I am currently paying a mortgage on a 1997 single wide mobile home, and I need to either find out if I can have it refinanced with a fair credit score, or I need to find out about a fixed land loan. At this time I rent a lot space. |
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smithsussane
Joined: 18 Sep 2008
Posts: 10045
Location: Alaska
921.83 Dollars($)
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Post subject: |
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Hi Frankie,
If you want to lower your mortgage payments, then you can refinance the mortgage provided if you've equity in the property. Also, while giving you a refinance, the lender will check your credit score and income. So, if you do not have a stable income or a good credit score, you won't be able to refinance it.
Feel free to ask if you've further queries.
Sussane |
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ash
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Post subject: |
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| I am trying to figure out where I can get a personal property loan for a mobile home on rented lot her in winchester or stephens city,va. Have not been able to find anyone and I also have not so good credit and am a first time home buyer. Please help. |
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adonis
Joined: 22 Oct 2005
Posts: 10258
Location: ALASKA
1044.81 Dollars($)
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Post subject: |
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Hi ash,
What's your credit score like? If you do not have a good credit score, then you'll not be able to qualify for a loan. In order to get a conventional loan, you should have a credit score of 700. If you've the required credit score, you should contact the lenders of your area and try to get approved for a loan.
_________________
Procrastination is the enemy of your financial success |
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tired of renting
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Post subject: credit/first time buyer |
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| i would like to buy a mobile home as my first big investment i dont have any credit , i would like to put it on my mother in laws property for a while while i finish school and get a career would it be very difficult to get a loan? |
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