He will be placing a new Palm Harbor home on land he currently owns (not outright but in an existing mortgage that will be paid off by this one). He is in affect replacing the old home on his lot with a new one and is having trouble finding lenders to compete against the one and only option he’s located in our area (Oregon)… Any suggestions?

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Her mortgage advice seems to always be lacking. Though she loves to address 30 year mortgages. She seems to forget the average 1st mortgage is paid off within 39 months, either by sale, or by refinancing. She also seems to forget that we live in a highly mobile world where few people stay in their homes longer than 5 years. She also seems to give advice as if the loan being taken out is going to be her loan, forgetting that individual borrowers need individual financing. I could go on and on but I just hate to see someone give advice on what works best for them personally, and represent it as the best and/or only option for all borrowers. It does more damage than good to the folks that are trying to get into a home, but don’t have her financial assets.

Technorati Tags: borrowers, financial assets, mobile world, mortgage advice, mortgages

Need to locate them for real estate question and refinancing property (AMFED Mortgage-for mobile homes). Is this a real Co., were can I locate them as they are not picking up telephone.? 1-800 330- 9679

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We bought a Manufactured Home in 2006, but the house is worth less the what the actual loan-amount is. The Mortgage Company does not re-finance, never been late and been paying more every month.
The house is build in 1997.

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I have tried to refinance a 9 percent interest rate to a lower one. You see all of this advertising to lower rates but yet no one will do it. When they do they try to mess you over. They wait until you are in forclosure before you can do anything.

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I have a friend going through a financial disaster and she needs your help. She is on disability, going through a divorce (her husband just left her high & dry for a younger woman), and is overwhelmed by her debt. She has a mortgage on a trailer in a trailer park with a 13.5% interest rate. She fits the criteria set forth by the Obama Administration her monthly payment is over 38% of her income. She has contacted many banking institutes inquiring about loan modification or refinancing. The banks all have said the same thing to her that since her home is in a trailer park she can not reorganize her loan (a mobile home in a park is not considered real estate). To me this is an outrage. It’s not like she can move her house it has no axles and is a doublewide; moving it is not an option for her. Just because her socio-economic status is low and she was forced by the state laws to put her trailer in a trailer park (you can’t have a mobile home on land where we live) she is being punished by investors. Is there any help for low-class individuals who find themselves in trouble with a mortgage on a trailer in a trailer park? Any suggestions I can give her? She’s such a nice older lady, I’d love to be able to help her. Thanks a lot.
Northpoint lending will not finance anything inside a park.

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I currently have a mortgage for a manufactured home which sits on my own land. My husband and I want to buy a larger manufactured home using land-in-lieu of cash down payment. If the trade-in value on the old home is ,000 and the the land appraisal is ,000, will ,000 be credited against the new loan amount?

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It seems I remember hearing of a type of foreclosure where you simply give your house back to the bank. I know it sounds crazy but I do know there are different types of forclosures. Also does it make a difference what bank the home is financed through and the fact that its a manufactured home.
I hope there’s some loan officers out there that can offer some insight. thanks.

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I have a credit score of 567 because of late payments and charge-off’s from 3 credit cards. I’m looking for between 00.00-00.00. It cannot be a home loan because my home is a mobile home and I do not want to refinance it because I’m going to be listing it for sale very soon. Any suggestions on where I could get a "bad credit" personal loan? I live in West Chester, Pa if that helps any.

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I would like to build a house on land near the Smoky Mountains. The land is wooded and not on a busy road. I live a day’s drive away but want to build this house as a vacation house and eventually a place to retire.

So, the house needs to be:
-attractive – a log home would be pretty or a traditional looking home
-large enough to handle a family – at least three bedrooms
-built well enough that it will last at least 50 years (NOT a trailer)
-able to handle being closed up for whole seasons – sometimes 6-9 months at a time.
-able to resist things like flooding, insects/termites/mice
-It would be nice if it had some level of green-ness but that can come later

I could find someone who could check in on it every few months to make sure there isn’t flooding or whatever.

So what do you think? Modular? Log Cabin? Traditionally built home? Basement? Slab? Stilts?

I appreciate any information and advice you have!! I’ve just started thinking about this so I have a blank slate
Thanks for the info and tips on log homes. I’ve been interested in them since I started seeing so many companies spring up ten or fifteen years ago – I figured that meant there had been some advancements and new designs in that type of structure. I’ll look into it more!!!

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I’m currently renting but once my apartment lease is up, I’d like to buy a manufactured home, but with the economy the way it is, I’m worried that will affect me negatively. I do have good credit, but only being 19 years old, there isn’t very much of it. So, what are my chances of getting approved for a mortgage? Also, if anyone knows, about how much do manufactured homes run for (2 or 3 bedroom, 2 bath)?
How thoughtful of you to seem so concerned, but nonetheless, I AM buying one, so screw off, eh?
I’ve had my job for a year and a half, and I’ve been working since I was 16. What both of you don’t understand is buying a house, lot and all, right now is NOT an option for me – but I’m sick of renting apartments, especially with how expensive they are. I know manufactured homes are cheap (I want new – not used) and I’m well aware that mobile home parks rent the lot – and guess what. The lot rent is A LOT less than half the amount I pay for rent at an apartment. I know someone who is paying for a manufactured home and renting the lot for it – and both payments combined is a good 300 dollars less then my rent.

Technorati Tags: 19 years, apartment lease, buying a house, economy, job, manufactured home, mobile home parks, mortgage, renting apartments

I need to know basic info like apr rates and loan terms, or a good website that can provide all this. again for manufactured homes/mobile homes only! Thank you.

Technorati Tags: apr rates, loan terms, Mobile Homes

We bought our house in Oct. 2007. Our interest rate is 6.5%. Would it be good to refinance if the rate got down to 5.75%? We need to lower our payments if need be. We are so strapped right now with rising gas prices, food prices, daycare for summer, etc.

Right now we are financed through Wells Fargo and have been on time with every payment. We filed bankruptcy in 2004 on a mobile home that had water damage so I was wondering if this might hinder us in refinancing? Any advice would be appreciated!!!!!!!!!!

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My husband is a Marine & we are being relocated. We decided to buy a manufactured home..(cheaper) I got our credit score & they are horrible.(596, 592, 643) Which I don’t understand because we pay EVERYTHING on time. But we have a lot of debt & cards are close to limits. Will selling our home improve our credit by reducing our DTI ratio? I am one of those who assumed(incorrectly) that paying on time was enough. No collections, No bankruptcy, etc. On a side note, financing a manufactured home is next to impossible unless you have EXCELLENT credit.
We can afford our payments…which is why none are late. We pay super low taxes here, and where we are moving to buy the same house our payment would be higher. I don’t want the same size/condition house for a HIGHER payment, who would?

Technorati Tags: amp, bankruptcy, cards, collections, credit score, paying on time

there are additions on sides & home is attached to real property and cannot be moved without severe damage to structure.how can i get a new title to satisfy lender for refinancing in state of fla?

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I am a mortgage broker in Oregon, if you are a wholesale lender who can do the above scenerio for a property in WA. please contact me!
Thanks!

Jessica@FrontierMortgage.com
541-681-4423

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Last year I bought a mobile home (already owned the land) on a 10 year fixed rate loan at 11.255% interest. I have an opportunity to refinance at 4.755% interest. But the loan is a conventional fixed rate that most be refinanced in three years at whatever the rate is then. It sounds like an ARM, but he says it isn’t. I know the interest is good, but I am concerned about the type of loan. Thanks all
My credit score is 680, but it is difficult to finance a mobile home in south Mississippi since Hurricane Katrina, so I took what I could.

Technorati Tags: credit score, fixed rate loan, hurricane, mobile home, south mississippi

We have not so perfect credit and we’re trying to own our own home. We rent know, and I know that what we pay in rent we can afford to pay toward owning our own home. We have two small children, and our living situation now is not emough to accomodate everyone here. Please!!! Are there any financing or privately owned financing companies that can assist us in finding a manufactured home?

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Just a little more info: It is not on the basement yet. We are building the basement and are planning on purchasing the home to then putting on the basement. It will be a brand new home. It will not be in a park-we own our own land. Thanks to you all!

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Ok, my huband has been divorced from his ex-wife for 7 years now. We had to contact her to sign a legal paper for us to refinance our mobile home that they purchased together to get it in our names. Should I go with him to meet her?

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