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can i get a loan with no income, but use my mobile home as collateral?

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tripnote Joined: 08 Mar 2011 Posts: 1 1.00 Dollars($)	Posted: Tue Mar 08, 2011 2:48 pm    Post subject: can i get a loan with no income, but use my mobile home as c Like 0 Dislike 0 I have no accountable income, but have no mortgage on my mobile home. Am I able to take out a loan on it and use it as collateral?
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Tue Mar 08, 2011 8:13 pm    Post subject: Like 0 Dislike 0 Hi tripnote, Unless you've accountable income, you won't be able to get a mortgage. The lenders will not be ready to give you a loan unless they are convinced that you'll be able to pay off the loan. Thanks

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