Loans against Mobile Homes?

[gary2005]

Hi,
I am planning to buy a Mobile Home as my budget is small but I would like to own a home as I am fed up of paying rent month after month. Does any one know about companies which provide loans against Mobile Homes? If yes then what are the options and is there any other relevant information which I should need? Thanks in advance!

[Neil]

It is really a good idea to have your own home than paying the rent every month! I would recommend you to visit mortgagepmi.com which would be able to dwell more on the subject as I found it quite useful when I needed detailed information about Private Mortgage Insurance. I am sure you will be benefited by the information the site provides. Happy Holidays!

[boxiee]

is that like an RV or something?? i haven't heard of such a thing as loans for that.

[rita.jones56]

Yeah me neither, please explain that further.

[jannyde]

I think it really depends.. i'd say that if your new house is also something your getting a loan on try and make sure that loan goes through first.
the bank will foreclose on the home and sue you for the remainder of what they do not get in the auction... so figure on paying about as much as you owe on it now (since you said you owe twice than what its worth)you might want to look into filing bankruptcy.. if i were you and were employed i'd see if my employer offers some sort of EAP program where you can get not only free mental health benefits as well as free legal advice.
good luck you to.. your not alone.

[niaz2]

I would recommend you to visit mortgagepmi.com which would be able to dwell more on the subject as I found it quite useful when I needed detailed information about Private Mortgage Insurance.