PDA

View Full Version : Mortgages?

GearGrinder
09-20-2005, 05:34 PM
anyone know a good mortgage lender for manufactured homes?

also someone who can work with not so good credit?


lemme know if anyone knows somebody.


thanks
POLLO
09-20-2005, 05:36 PM
There's a forum for this type of question
Joe
09-20-2005, 05:37 PM
Mortgage... that is the least of your concerns...

Try getting affordable homeowners insurance for one. No joke...
GearGrinder
09-20-2005, 05:39 PM
hah yeah i hear that we had a little trouble when we bought our house a year ago.. might be a little tougher this time around.
Amortized
09-20-2005, 06:24 PM
anyone know a good mortgage lender for manufactured homes?

also someone who can work with not so good credit?


lemme know if anyone knows somebody.


thanks

if you don't have good credit it will be EXTREMELY difficult to obtain financing. After the storms last year, the few lenders who did offer financing on them tightened up their guidelines, better credit, higher down payments, higher rates, etc. And as Joe already mentioned, good luck finding homeowners insurance. I wouldn't purchase one if the majority of the value is in the home. If its on a nice sized piece of land, I'd consider it. It's not a good idea to borrow against a depreciating asset.
_Chris_
09-20-2005, 07:04 PM
yeah, if it's not on a valuable piece of land, it will be difficult to finance. reason being is tailers depeciate, kinda like cars. so if the bank goes to repo it, they're sol, right now financing is pretty easy to get for a house because a year or two down the road if the bank has to foreclose, they're actually profiting.
Si-Ninja-Punk
09-20-2005, 07:18 PM
i think i know someone... ill talk to him tomorrow, hes a mortgage broker in my real estate class... ill let you kno
m3nac3chic
09-20-2005, 07:31 PM
ok i have heared the "its too hard" stuff.. thats not what i need.. thanks anyways...


i need someone who CAN help me get a loan...

ill be putting down about 10-15k in cash twards it.


- geargrinder
Amortized
09-20-2005, 07:56 PM
ok i have heared the "its too hard" stuff.. thats not what i need.. thanks anyways...


i need someone who CAN help me get a loan...

ill be putting down about 10-15k in cash twards it.


- geargrinder

what is your motive for purchasing this property? What is the purchase price? What is your credit score?
GearGrinder
09-21-2005, 10:06 AM
motive- to live in this property

pruchase price is 44k and im putting down 10-15k

and i PMED you with my credit score
ChrisW
09-21-2005, 11:48 AM
i may be able to do it. call me so we can talk about it. 727-234-5115. ill pm u also