Posted on: 18th Jun, 2012 06:49 pm
I have a 2010 double wide 4bedrooms mobile home.I paid cash in 2011.Now I need t borrow 4000 .My credit is poor and I am on disability.Is there anny finance compagny .That can help meborrow against it
Hi lily!
Welcome to forums!
With a poor credit score, it will be quite difficult to qualify for any kind of loan. Even if some sub-prime lenders give you such a loan, they will charge you extremely high interest rate and other fees. Moreover, after the sub-prime lending crisis, most lenders have stopped offering such loans.
Apart from that, most of the lenders won't be ready to offer you such a small amount of loan as their profit margin will be quite less for such loans.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
With a poor credit score, it will be quite difficult to qualify for any kind of loan. Even if some sub-prime lenders give you such a loan, they will charge you extremely high interest rate and other fees. Moreover, after the sub-prime lending crisis, most lenders have stopped offering such loans.
Apart from that, most of the lenders won't be ready to offer you such a small amount of loan as their profit margin will be quite less for such loans.
Feel free to ask if you've further queries.
Sussane
Hi lily,
In order to improve your credit, check out the given page to know some steps: http://www.mortgagefit.com/credit-rating/credit-repair.html .
In order to improve your credit, check out the given page to know some steps: http://www.mortgagefit.com/credit-rating/credit-repair.html .
To know more about different aspects of mobile home mortgages, including the requirements to obtain the loan, log on to http://www.mortgagefit.com/mobile-homeloan.html
The amount of loan that you are looking for is too low to be offered by a mobile home lender. I would suggest you to take out a personal loan.