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mobile home lenders FAQ
What lenders specialize in using land as collateral for loans to buy a home?
Mar 28, 2011 by tim_emily_weaver | Posted in Renting & Real Estate
I need a loan to buy a mobile home and I want to use the land I already own as collateral. Are there any mortgage companies or banks that are known to take land as collateral as a down payment or to secure the loan? (p.s. I live in Oklahoma)
You may borrower money and use your land as collateral. These are called land loans. There are several companies you might use. Google land loans followed by the city and state in which you reside. Land lenders would normally lend you a maximum of 50%
loanmasterone | Mar 28, 2011
There are a few that will allow you to buy a mobile home and attach it to your land and they would then have the lien against the whole thing.
But as a rule they do not loan money against raw undeveloped land at all.
glenn | Mar 28, 2011
When a bank buys out another's mortgages, do they check the info given to the first lender?
Mar 05, 2011 by A random user of Yahoo | Posted in Renting & Real Estate
So, here's the deal. I was desperate for a loan to purchase a place to live and kinda lied on my loan application. I had a ton of cash but was too young to be considered for a loan from most banks (was 19 almost 20) so I went thru a special company that
I have never heard of them doing this, especially if there is only $1200 remaining. However, they are buying the paper from a company that did not follow any rules so this may be different. They didn't even check your ID. Learn from this though. Mortgage
Lisa L | Mar 05, 2011
They probably won't go over your info again, no. Paying off the mortgage ASAP is the best way to avoid getting caught for fraud though.
the kid | Mar 05, 2011
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mobile home lenders about
Bad Credit Mobile Home Loans - Ways to Get Yours Approved
Stock Markets Review - Apr 08, 2011
Yes, there is a way to get approved for some bad credit mobile home loans depending on a few factors. Today many lenders are asking for more documents and more detailed explanations as to why someone's credit score is damaged.
Fewer, shorter notices help everyone
The Tennessean - May 03, 2011
In one recent case, a foreclosure was started on a $6021 debt on a mobile home and lot in a rural county. The attorney fee was an additional $750 and the publication cost was $1429. The borrower had to pay the additional amount to prevent foreclosure.
Mobilicity gets $215 million cash injection
CANOE - Apr 29, 2011
Wireless newcomer Mobilicity has secured $215 million in new financing from some of Canada's biggest lenders to help upgrade its networks. National Bank Financial and GMP Securities led the debt offering, the company said Friday.
Financing Options for Real Property in the 2000s
Stock Markets Review - Apr 21, 2011
Securing traditional financing for manufactured homes can sometimes seem difficult, especially in our current economical market. Whether the mobile home is new to you or being refinanced, lenders typically have stricter underwriting guidelines than
Consumers Step Up Student, Auto Loans, Cut Back on Credit Cards
Wall Street Journal (blog) - Apr 07, 2011
The category includes loans for cars, mobile homes, tuition and other things. Auto sales rose strongly in January and in February, government data on US retail sales show, an encouraging sign given the sharp rise in gasoline prices.