If you have a great rate on your first mortgage then you are probably looking for a equity mobile home loan. I usually recommend this type of mortgage when your first mortgage is in the 5-6% range and is fixed for 30 years.

If you refinanced in the last couple of years you most likely got into a loan that has a great rate and is fixed, so it's no wonder that you want to protect that and get a second to pay off debt or do home improvements.

Here are some of the facts that I take into consideration when I qualify a client:

• What is my rate on the first mortgage?
• What is the loan to value?
• What are the client's credit scores?
• Amount of debt?

Please understand that in order to qualify for a equity mobile home loan that you need to have great credit and a good payment history. Even though you have a great interest rate on your first mortgage and you don't qualify for a second then you may consider just doing a complete refinance because rates are as low as 6.75% for a fixed loan with cash out.

Please feel free to call me with any questions toll free at 877-266-8070 or fill out my easy online application 24 hours a day and I will respond within 24 hours.

I look forward to helping you!