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refinancing a mobile home

The mobile home is worth about 165k, and I owe just over 88k. Can I refinance and take out cash? What kind of interest rate would I be looking at? by celina.guz115 from Huntington Beach, California. Oct 29th 2015 Reply

William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,727 contributions

Much more info is required.. MH financing is the most difficult to obtain, and very few lenders do it.. let alone allowing for a cash out.. so expect some difficulty finding a lender.. You should start by contacting a local mortgage broker.. because brokers deal with multiple lenders (I have 21), with each one offering a different set of lending rules, then the more lenders, the more lending options and the greater likelihood your loan scenario will be accepted.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 NMLS# 226347

Oct 29th 2015
Jamie Lynne (nationwidelenderforyou)
#139 ranked lender in Texas - 576 contributions

Is the home on land the you own? Currently we offer financing on manufactured homes NATIONWIDE and lend down to a 560 credit score, so we should have some options for you.Let's discuss your loan scenario in more detail. Contact me 7 days a week at 800 315 8803. My name is Jamie and I am a proud Vet that has been lending since 1989, nationwide.

Oct 29th 2015
Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,112 contributions

If your mobile home meets the lending criteria you can do a cash out refinance and how much the rate will be will depend on many other factors. You should speak with a couple of local loan officers and see what options you qualify for and check out the cost vs. benefit for each.

Oct 30th 2015
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