Mobile home refinance bill consolidating


Although the maximum loan amounts and loan terms vary from state to state, many lenders are willing to refinance mobile home loans.Maybe you want to refinance from a high interest chattel mortgage to a lower rate conventional or Federal Housing Administration (FHA) mortgage loan.We can even consolidate your separated home and land loan payments and slash your interest rates!

With mobile home debt consolidation rates at all-time lows, it's a reat time to refinance your mobile home.Get details from each lender on the refinance programs it has available for mobile homes.While many lenders will refinance a loan that includes both the mobile home and land together on the same loan, not all do.Home equity is the appraised value of your home minus the amount you still owe on your loan.The more equity you have, the more money you may be able to get from a cash-out refinance.The average credit card interest rate is around 15%.By comparison, mortgage rates are currently in the 3–4% range. Of course, since 2008, home values have decreased in many parts of the country, only recently bottoming out. Mobile homes tend to depreciate over time, is in contrast to other homes.Avoid companies that promise to handle every aspect of debt consolidation.These companies build in a fee, typically hidden,into every service they provide, leaving the borrower with sticker shock and ultimately more debt.

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