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bear
Guest
0.10 Dollars($)
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Post subject: any help adding on to our house trailer |
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| we are on a small income a month we have a morage and like to add on and have a roof made next year we have a flat roof right now |
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adonis
Joined: 22 Oct 2005
Posts: 10250
Location: ALASKA
1043.57 Dollars($)
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Post subject: |
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Welcome bear,
If you've equity on your property, you can apply for a mortgage refinance. You can cash out the equity that you have in the property and add the roof to your house.
_________________
Procrastination is the enemy of your financial success |
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marleny
Guest
0.10 Dollars($)
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Post subject: |
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| i have a mobile home is been giving to me but i need funds to move it to another mobile home park i have the quote from the movers can i get any help? |
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kperteet
Guest
0.10 Dollars($)
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Post subject: |
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| i need a lone for 16,000 to buy a mobile home. who do i need to talk to? |
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Bill Thurman
Guest
0.10 Dollars($)
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Post subject: Mobile Home Loan for couple that desires to purchase our lot |
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| My wife and I own a share with an assigned mobile home lot in a 55+ mobile home park. It is a co-op with a lot assigned. There is a couple interested in purchasing the lot but they went to a bank and were told that they could not get a loan for more than twice the cost of the lot. I purchased the lot for $20,000 in 2006 but am only asking $16,000 due to the economy. This would, of course, only allow for a $32,000 loan. The park requires a new double wide so this would by no means cover more than a fraction of the total cost of the lot and new mobile home. This mobile home lot is Terra Siesta Coop in Ellenton, Florida. Is there a way they could get a larger loan amount from your company? |
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jameshogg
Joined: 20 Dec 2005
Posts: 10164
Location: Nevada
944.24 Dollars($)
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Post subject: |
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Hi Marleny,
You can contact your local mobile home loan lenders to get a financing. If you satisfy the required criteria to get a mortgage, then you'll get a mortgage easily.
To kperteet,
You need to talk the local mobile home loan lenders in order to get a mortgage. You should have a score of 700-720 in order to qualify for a conventional mobile home loan.
To Bill,
Your query has been replied to in the given page:
http://www.mortgagefit.com/florida/mobilehome-financing.html
Take a look at it. I hope it will help you.
Thanks |
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heather f
Guest
0.10 Dollars($)
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Post subject: |
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| I am thinking about purchasing a used mobile home. I have poor credit, but my mom is willing to co sign a loan for me. I would have to rent a lot also. Would I be able to get this type of loan with my mom's help. She has excellent credit. |
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Brian D
Guest
0.10 Dollars($)
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Post subject: mobile home purchase |
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| I am looking to purchase a mobile home on Lake Erie as a weekend place. This would be a secondary home. I have had no luck finding anyone who does these types of loans without at least 20% down. At this time I have 10% to put down. Any suggestions? |
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Niicss
Joined: 03 Oct 2005
Posts: 4770
Location: New Jersey
499.28 Dollars($)
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Post subject: |
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To heather,
As your mother has excellent credit, if she cosigns for your mortgage, you will be able to qualify for financing a mobile home.
To Brian,
You can apply for a FHA loan in order to buy a mobile home. In case of FHA loans, you will have to pay a down payment of 3.5%-5%.
_________________
Good is the Enemy of Great. |
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Anita
Guest
0.10 Dollars($)
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Post subject: Refinancing a manufactured home |
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| We have a 2005 manufactured home that we done a lot of upgrades to and it is financed with land included. Our credit is great, my husband and I both work. We have been trying to refinance our home by putting 30,000 dollars towards our mortgage of 107,000 dollars. Everyone we talk to won't refinance a manufactured home or offer a higher interest rate than 6%. Is there any way to refinance at a lower rate than 6%? |
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smithsussane
Joined: 18 Sep 2008
Posts: 10038
Location: Alaska
920.62 Dollars($)
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Post subject: |
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Hi Anita,
Do you have equity in your property? Unless you have equity in your property, you won't be able to refinance the mortgage. As far as the rates are concerned, it will depend upon the market. You can pay down points in order to get a lower interest rate on your mortgage.
Feel free to ask if you've further queries.
Sussane |
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Gwenn Schroll
Guest
0.10 Dollars($)
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Post subject: Mobile Home Finance |
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I own my home free and clear. I would like to borrow against it to consolidate debt. I am retired and have a fixed income. I am also a stained glass artist and would to use some of the money for business start up. My mobile home is a 1984 but has been gutted and redone inside and has 2 very large additions. It is approximately 1900 sq. ft. My credit score isn't that great because I have to reduce the monthly debt. Thanks.
[Email address deleted as per forum rules. Thanks.] |
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jerry
Moderator
Joined: 17 Oct 2005
Posts: 2619
Location: MICHIGAN
415.87 Dollars($)
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Post subject: |
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Hi Gwenn,
With a bad credit, it won't be possible for you to get a mortgage. You will have to improve your score first and then look out for mortgage. You should have a score of 700-720 in order to get a mobile home loan. Check out the given page in order to know some steps to improve your score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Thanks,
Jerry |
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leon
Guest
0.10 Dollars($)
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Post subject: |
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| what is the current interest bank rate of a manufactured home for a 15 or 20 year loan |
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interested
Guest
0.10 Dollars($)
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Post subject: |
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| i want to buy a mobil home for a second home however no one i have talked to will do it for less tham 20% down can you tell me if there are options anywhere for 10% down |
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