Poor Credit Mobile Home Equity Loans Are Secured

If you own a mobile home then you may be surprised to learn that you can actually cash in on the equity you have built up in your property via a home equity loan. More and more owners of mobile homes have been doing this recently, and if you have over five thousand dollars of equity built up in your mobile home there is a good chance you'll be able to qualify at most lenders who provide such loans. These sorts of mobile home equity loans are not unlike more conventional home equity loans in that they will based off of a number of factors,...

Mobile Home Equity Loans For People With Bad Credit History

If you have bad credit or even just below-average credit then you probably have realized first-hand just how difficult it is to get pretty much any kind of loan. Lenders simply view people with bad credit scores as high-risk individuals, and there isn't much you can do to change this perception. If you own a mobile home and you have built up some considerable equity in your property then you may be interested in a mobile home equity loan. A mobile home equity loan can give you a loan that can be secured by the equity you have built up...

Mobile Home Equity Loans

Mobile homes built on fixed foundations are appreciating properties - their values appreciate with the passage of time. Hence, after a few years of timely mortgage payments, the value of the mobile home will be much higher than what it was bought for. This difference is called mobile home equity. Equity on a mobile home is equal to the numerical difference between the appraisal value of the home and the value of the mortgage.Equity is built up over a period of time, and it is the possession of the owner of the mobile home. Since equity...