The Manufactured Housing Forums

We started with a fixed rate of 6.375% back in 2006. We ended up getting an ARM mortgage at 3.375% for 20 years. I'm not crazy about the adjustable rate part of it, but the rate has a ceiling of 9% and can only increase 2% every 5 years, depending on prime. If we stick with our plan, we'll have it p...

I'd be happy to do that. I'll try and work on something over the weekend. I did the homework and you were the teacher. I appreciate the assistance!

FINALLY---the refinancing went through!! After being aggressive with the credit union and the appraisal company, they obtained a 4th comp and it was much higher. It brought the number up high enough to do the refinance!!

Many thanks for your help. We close today.

At this point, the comps are the only ammunition that we have. As I said, there are properties within a few miles that all sold for at least the listed fair market value on the tax rolls---and in some cases sold for more than the fair market value. Whether or not the appraisers will change their num...

Well, the refinance project is not going well. The appraisers finally were able to do the appraisal and it did not come out well--we only appraised for $110,000 and in order to do the refinance, we need to come in at 80% which means we need to come in at $133,750. I was dumbfounded and so is my wife...

That's our project for the next week and a half. In fact, we're painting the interior this weekend (master bedroom, living room, etc). We will definitely go through the house with a fine-tooth comb. The garage will be the real challenge---not much we can do out there...it's too full of "toys&qu...

Good advice, and thank you for all of your information. I did check with our lending officer and they are required to use a pool of appraisers and they have to rotate them when they do one. He did say that they are fully licensed, but that's the best I can do on that one. I think at this point, all ...

There are two similar properties (one within a quarter of a mile) that sold within the past year that should give us a strong case. Both sold for more than their fair market value listed on the county tax roll. If our appraisal doesn't come in for at least what our listed fmv is, I'll be ready with ...

The county in which we live does have such a website. I've done some research and it varies. Some sale prices are coming in close if not equal to the assessed value and others are not. There were a few parcels that sold for more than their assessed value. They don't list fair market value, however--...

I'm a little nervous about our upcoming appraisal regarding our double-wide home. We purchased it new in 2006. It's a 28x64 model (I think it's a Commodore) and we added many upgrades to it when we ordered it: fireplace, jacuzzi tub, drywall/sheetrock partitions, kitchen island, recessed lighting, c...