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Mobile Home on Private Property

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hrsodon Joined: 28 Sep 2009 Posts: 1 1.28 Dollars($)	Posted: Mon Sep 28, 2009 11:09 am    Post subject: Mobile Home on Private Property Wondering if a refinance can be done on a mobile home located on our privately owned property in New Jersey. Credit score not good, looking for debt consolidation with some remodeling to home??????
thewretched02 Joined: 23 Jun 2009 Posts: 115 23.90 Dollars($)	Posted: Mon Sep 28, 2009 6:59 pm    Post subject: As for refinancing your mobile home, that could be a different story. If you own the property it's currently on, you may be able to borrow against the value of the land. The mobile home itself, like any vehicle will depreciate over time, whereas land increases in value. [Promotional text and external links deleted as per forum rules. Thanks.] _________________ Home loan Mortgage refinance information USA Debt Settlement and Consolidation - You may qualify for a free quote Mortgage and home loan refinancing resources
smithsussane Joined: 18 Sep 2008 Posts: 3738 Location: Alaska 561.45 Dollars($)	Posted: Mon Sep 28, 2009 7:39 pm    Post subject: Hi hrsodon! Welcome to forums! You have mentioned that you do not have a good credit score. Keeping in mind the present market situation, lenders will not be ready to give you a loan if you have a bad credit score. Moreover, getting a refinance will also depend whether or not you have equity in the property. Feel free to ask if you've further queries. Sussane

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