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can i refinance?

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Icon Mini Profile mccrock





Joined: 01 Sep 2008

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Post Posted: Mon Sep 01, 2008 11:01 am    Post subject: can i refinance?
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My mobile home was built in 1972 and I am having a very hard time finding somone to refinance my 2 mortgages. It had been totally redone and my appraisal was $85000. What can i do?
Icon Mini Profile helping_user
helping_user




Joined: 31 Mar 2006

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Location: Hawaii
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Post Posted: Mon Sep 01, 2008 11:40 pm    Post subject:
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Welcome mccrock.

As far as I understand, refinancing a 1972 mobile home isn't possible as per the HUD property standards. You may refer to a similar discussion on pre-1976 mobile home loan refinance at http://www.mortgagefit.com/refinance/1973-mobilehome.html .

Thanks.
Susanne

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Post Posted: Thu Sep 25, 2008 4:09 am    Post subject:
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Hi mccrock !

Even I don't think that you will be able to refinance a 1972 mobile home.
Icon Mini Profile chrisburns
chrisburns
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Post Posted: Fri Sep 26, 2008 3:09 pm    Post subject:
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You may be limited to a private hard money investor for your loan on that property.
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Icon Mini Profile creditforums





Joined: 11 Sep 2008

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Post Posted: Mon Sep 29, 2008 5:53 am    Post subject:
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I agree with chrisburn.

You have no other option left but to pay.

Just try that out.

All the best.

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Refinance Mortgage Loan, Mortgage Refinancing Loan, Home Mortgage Refinancing Loan
Icon Mini Profile lisascherzer



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Joined: 04 Jan 2008

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Post Posted: Tue Sep 30, 2008 12:19 am    Post subject:
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Look for lenders that specialize in this type of financing. It is not likely that a mortgage lender will do this.
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