Hello – You simply need a lender whom will write you a loan for multiple dwellings. The homes would need to be located on the same lot. Please know if you plan to refinance at a later date, that the mobile homes would need to account for 50% of the loan. Therefore if the lot [...]
Category Archives: mortgage homes
How do you go about taking over mortgage payments on pre-foreclosure homes….with out the rip off!?
Posted by admin on July 21, 2010
5 comments
You need to buy the house. Get your own mortgage and pay theirs off. That is the cleanest way to get the house into your name. Even if it is in preforeclosure or foreclosure as long as it is paid off before the auction then it will not go to sale and the property will [...]
If I purchase a house with a friend and it is both our second homes is any of the mortgage tax deductible?
Posted by admin on July 21, 2010
4 comments
I will be living in the second house when I am working at my job and go to my original home for my days off. If it is not tax deductible, is there any tax breaks for being forced to move away from my home because the economy is much worse there than the average [...]
Will the new mortgage bill help families who have already lost their homes to foreclosure?
Posted by admin on July 20, 2010
9 comments
It says it will help homeowners who currently are in peril of losing their homes, but what about those who have already lost their homes this year? Will this bill help them to obtain a loan to buy another home? Or are they just out of luck due to timing? Oh, but let’s go all [...]
Can anyone tell me of a mortgage company that refinances mobile homes?
Posted by admin on July 20, 2010
5 comments
We have 3 acres of land that is not mortgaged. Bad news!!! A few weeks ago there were still some that did, but because of the market slump, in order to get one now you may have to put down 20%. That is now going for mobile homes or stick built. Unless your credit score [...]
Can someone explain to me why famous people with loads of money don’t pay cash for their homes, why a mortgage?
Posted by admin on July 20, 2010
5 comments
I see all the time so many famous people losing their homes and it’s ridiculous. I would guess to write off the mortgage interest on their taxes. I suppose this just shows that even rich people can live beyond their means. Or they cannot sell for what they owe and are going to let it [...]
Can anyone tell me where I can find the percentages of homes in the US that are mortgage free?
Posted by admin on July 20, 2010
1 comment
I would also like to know the percentage of homes that carry mortgages of $200,00 and up. It is not impossible to answer- just a ballpark guess of how many people in the USA that have mortgaged homes actually pay off their mortgage and actually "own" their homes— I say it is less than 1 [...]
Can the purchaser of my homes mortgage company fine me for not using their escrow company?
Posted by admin on July 19, 2010
4 comments
Selling my house. The mortgage broker the buyers are using sent me a letter stating that if I didn’t use their company, I’d have to pay a $375 fee that would be collected at closing. Is this legal? Can I be forced to use them or pay them? No wonder the housing market sucks. You [...]