Posted by Gary (CA) on January 12, 2004 at 01:36:09:
I have been marketing to purchase Mobile Home notes and recently have been getting requests for refinancing. Is there a creative way to refinance Mobile Home notes without becoming a lender? I can see trying to buy the note from the note holder (assuming you can) and restructuring the note to meet what the payor is looking for, sort of a backdoor refinance. And at the same time increasing your yield, i.e., lower the interest rate while increasing payment.