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Paid-Off Mobile Home |
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My husband and I own a mobile home we paid off this summer. Can we use that as collateral for a downpayment for a new house? |
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If your mobile home is permanently attached to your own land, you might be able to get a new mortgage on it. Of course that debt could count against you when you looked for another mortgage on a new house.
I just don't know enough about your situation, and I'd advise you to talk with a mortgage broker, who can ask you some questions and then tell you where you stand. Good luck. |
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Edith
Originally published on November 4, 2007 |
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