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home equity loan on manufactured home in texas

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Icon Mini Profile tapplin





Joined: 04 Apr 2011

Posts: 1

1.28 Dollars($)
Post Posted: Mon Apr 04, 2011 10:13 am    Post subject: home equity loan on manufactured home in texas
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I am wanting a home equity loan to build a garage on my property. we purchase this new manufactured home last december and put $50,000 down. I've called a dozen lenders and I can't find anyone who can do either a home equity or refinance with cash out. Am I wasting my time? Crying or Very sad
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

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Location: Alaska
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Post Posted: Mon Apr 04, 2011 7:48 pm    Post subject:
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Hi tapplin!

Welcome to forums!

If you have equity in your property, then you will get a refinance or a home equity loan. However, as it is a manufactured home, not all lenders will be ready to offer you a refinance. This community has a large number of lenders. You can seek a no obligation free mortgage quote from them and check out if they can help you with a loan.

Feel free to ask if you've further queries.

Sussane
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