Equity Loans or Line of Credit

[Angela]

I am buying a 1980 manufactured home for 50% below its market/appraised value. I would like to do some renovations using my equity and am looking for a equity loan or line of credit. The home is located in a park in ellenton, florida and you own your land. I have found no one willing to do this, they all want to buy out my first mortgage that I will have at 6% with one at a higher rate. With that comes more closing costs, down $$, etc. I know Florida is a hot zone, but does anyone know of a company that will do this. I have called over a dozen places and because it is in florida and a 1980, they don't want to touch it, they try not to laugh as they hang up the phone. Help. Thanks

[David Oxhandler]

Hello Angela -

Anyone that laughs at a serious request to do business is an idiot. Apparently you have been trying the wrong sources. Submit the finance company contact request form you will find at ManufacturedHomeLender.com they match manufactured housing lenders and borrowers and offer a convenient way to shop for a MH loan in the secure, pressure-free environment of your own home.

You will discover which participating lenders offer the best programs and rates to meet your needs. The best part.... the LOAN FINDER service is always FREE for anyone looking for a MH loan.
Click HERE to go there NOW!