refinance?

[Marilyn]

We bought a brand new MH about a year ago. We own the 10 acres it sits on. But when we bought it, it was not financed using the land. Our interest rate is 9%. Should we just leave it as it is. Or should we look to refinance and use the land and get it down.
Marilyn

[rmurray]

If the home is a double section..you should definitely consider a refi..You probably would not have to use all 10 acres..you could survey off a piece that is a legal size lot in your area..You rate should be about 6%....A substantial savings over the years..

If you have a single section..It would not hurt to check finance prices for a refi..but there are not nearly as many possibilities..

[David Oxhandler]

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