The Top 10 Reasons Mortgage Companies Do Not Refinance Mobile Homes
1. A mobile home is also called a manufactured home. Both are the same in the eyes of the lender. It is considered a property that is not secured to the ground. 2. Without the mobile home being secured to the ground it becomes a huge risk for any mortgage company. The mortgage companies do home loans that are leveraged against a “secured property.” A mobile home or manufactured home is not. 3. Since the mobile or manufactured home is not secured to the ground the investors that give the money
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