Compare Mortgage Quotes

Guest

We bought a single wide mobile 2 years ago and it was financed as a vehicle loan at 8.25%. It sits on a temporary foundation on our ranch while we are slowly building our main house and garage. The plan is to move it to another location on the ranch after completion of our other buildings. My husbands credit is 811 and mine is 795. Would a refinance be worth doing? We own the land free and clear, and my husband is reluctant to involve it in the process, but we have surveyed 15 acres out in case we need to do that, and that is the location where the trailer was installed. Any suggestions?

Niicss · Posted: Wed Jan 06, 2010 3:19 am Post subject:

You may refinance the mortgage as the mobile home carries a higher interest rate. However, you should note that you'd be responsible for paying the closing costs. Also, it would be a good idea to refinance the mortgage only if you plan to stay in the property for a longer period of time such as 7-8 years.

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

Compare Mortgage Quotes

Refinance Loan

Financial Tools

Our Community

Community Rewards

Property State:
Property Type:
Credit Rating:

All times are GMT - 7 Hours

Page 1 of 1