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How can we refinance a 1978 mobile home in a park

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datalac Joined: 16 Mar 2010 Posts: 1 1.27 Dollars($)	Posted: Tue Mar 16, 2010 5:50 am    Post subject: How can we refinance a 1978 mobile home in a park Like 0 Dislike 0 we bought a 1978 mobile home in a park a few months ago the previous owner is holding financing, with a balloon payment in 5 years. the principal is a little under 28,000 and the value is about 35,000. we want to refinance through a lender for 10 years.
Niicss Joined: 03 Oct 2005 Posts: 4770 Location: New Jersey 499.28 Dollars($)	Posted: Wed Mar 17, 2010 2:28 am    Post subject: Like 0 Dislike 0 You need to contact a mobile home loan lender and check out whether or not you can qualify for a loan. The lender will check your debt to income ratio, your credit score, your income, etc. while approving you for a refinance. If you do not meet the required guidelines of the lenders, then you can apply for personal property loans. These loans are offered by the retailers who sell mobile homes. _________________ Good is the Enemy of Great.

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