refi double wide

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Icon Mini Profile johnf4d




Joined: 28 Oct 2009

Posts: 1

1.26 Dollars($)
PostPosted: Wed Oct 28, 2009 10:45 am    Post subject: refi double wide

Where can I find refi for a double wide? 2004 model on 3/4 acre lot. Payoff $67,500 - VA appr. $100,000. Would like to get a least $12,000 cash out. Equity loan/line of credit ok too.
Icon Mini Profile adonis
adonis



Joined: 22 Oct 2005



Posts: 3852
Location: ALASKA
120.89 Dollars($)
PostPosted: Wed Oct 28, 2009 9:45 pm    Post subject:

Hi john,

You can speak to your lender about a refinance. However, you should note that whether it is a refinance or a equity line of credit, you should have equity in the property. If there's no equity, lenders will not be ready to refinance the loan.

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