Posted by Chris Reuman (Maine) on June 07, 2005 at 23:32:11:
Unfortunately, you need good credit to refinance, and you need the money to get good credit.
The only solution I see is to sell it and then take the money to fix your credit.
Best investing, Chris
refinancing - Posted by ken carlton
Posted by ken carlton on June 03, 2005 at 22:29:29:
howdy, here’s the situation, i have a 1971 mobile home in thousand palms, ca. --I OWN THE LAND-- it’s value is $100 to $115,000, i owe $57,000. it is 1534 sq. ft, 2 bd. 2 full bth. w/ family rm. it’s in a c.c w/ 27 holes of golf, which is included in the $125 homeowners monthly fee (unlimited play). i would like to re-fi and take 10 to $12,000 out of the equity, leaving $30 to $40,000. i want the money to pay-off bills (credit is poor, that’s why i need the money) i am employed, and have a net income of $2,500 to $2,800 a month. COULD SOMEONE PLEASE STEER ME IN THE RIGHT DIRECTION??? PLEASE!!! thank-you, ken carlton