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Company Loan Type APR Est. Pmt.

Take out a loan with mobile home as collateral

Posted on: 04th Apr, 2013 02:09 pm
Interested in getting a loan using my mobile home as collateral. I would like approx. 30,000. and my home is valued at 45,000.00
I need to pay off some hospital bills, pay the IRS and some cc debit, as well as put a new roof on my home.
Hi mguay,

Yes, you can get a loan for your mobile home. You will have to contact the local mobile home loan lenders and apply for a mortgage. However, you need to meet all the required criteria of the lender in order to get the loan.
Posted on: 04th Apr, 2013 08:33 pm
Though the above answer is relevant to what you've asked, yet it is advisable that you try out different other ways to resolve your financial obligations, instead of consolidating all your debts into a secured one.

For instance, you can apply for the Offer In Compromise or Installment Payment to resolve your tax issues and get a debt consolidation loan to pay off your hospital bills as well as cc debit. As far as your plan to get a new roof for your house, then you can wait for that for sometime by saving a certain amount of money to invest in the same.
Posted on: 05th Apr, 2013 07:43 am
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