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Mortgage Loans?*
Does anyone know of a bank that will do a mortgage loan for a double wide, for someone with bad credit (Previous reposession).
Answers:
1) If the repo is recent, you're not going to have any luck. You do need to be careful because there are a lot of scam artists out there guarenteeing loans and low interest rates ifyou send them a deposit fee; then they split, and you have nothing. Check with the BBB or the state's atty general before you send anyone money for a loan
2) In these days of turmoil in the mortgage market, don't get discouraged, the chances are bleak!
3) Countrywide and Greetree both do these types of loans if the repo is not to recent. You might try LendingTree.com. You can type in your information and get answers quickly.
4) You have 2 problems, but there are people who will lend to you.. It is hard to get loans for a Doublewide, and with Bad Credit.. This makes it even more difficult due to the tightening that we are seeing in the sub-prime market. A couple of places to try.. www.countrywide.com - They do deal with Sub Prime but not sure if they do Doublewide loans.. www.prosper.com - They deal with credit of all kinds, they provide smaller investors a way to lend out money as if they were part of a bank. Due to this, their loan requirements generally are not as tight. www.eloan.com - Yes.. it is one of them much advertised sites.. but, I know of a few people who were able to get a loan here despite bad credit and modular construction. So this is a possibility. You could also try local only banks, as they tend to be behind any lending trend by a few months, so it is possible that they might lend to you despite the sub-prime issues. Good Luck and I hope you are able to find some help with your mortgage need.
5) It is difficult to get a loan with bad credit. Now a days it is more tough . You can try to fill some online forms for loans of different banks. You can also try to build up your credit or you can go for some cosigner. To know more you can visit http://geteasyloans.blogspot.com and http://debtconsolidationmanagement.blogspot.com
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