Posted on Thursday, 18th March 2010 by jkibler
Refinance mobile home loan on rented lot 7 Steps to Get Loan refinance your mobile home even if it is sitting on a rented lot.
you refinance your mobile home loan and your home is sitting on a rented lot you can still do that and here’s how.
7. Steps.
1. First thing to do is make sure your credit rating is over 700.
2. Get a mobile home block that that shows value like a car blue book does and find out how much your mobile home is worth.
3. Then check your loan statement and find out how much your balance is.
4. Subtract a difference and you how much equity you have your mobile home.
5. You will not be able to refinance your mobile home if you owe more on it than it is worth.
6. Go to the bank where you have your mobile home finance and tell them you would like to refinance and make an application to do so.
7. You should have your loan in about a week.
Jimmy says it is possible to refinance your mobile home even if it does sit on a rented lot.
Whoa Jimmy?
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Refinance mobile home loan on rented lot are available and if you have any suggestions in this area please share with our readers in the comments.
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