I am interested in purchasing a used mobile home in excellent condition for $25,000. Should I go for a home equity loan or a mortgage?
This is a "pre-1976" home, so financing is a challenge; however, I have more than sufficient equity in my "non-owner occupied" condo and have a credit score between 678-686.
This home has numerous upgrades, is fully furnished with upscale furnishings, newer central air and full-length covered patio. HOA fee only $446/mo.
I've already been approved for a loan but they want $1,000 appraisal fee which I absolutely refuse to pay!
Answers | 1
Mortgage Professional in Seattle , WA
June 21, 2016
Asked by melvin-taylor
Answered by melvin-taylor
What happens to the equity that is in the ones home if not utilized: ex: I took ou...
Asked by marygituanja
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