2007-02-08 14:12:55 · 6 answers · asked by Patricia J 1 in Business & Finance ➔ Renting & Real Estate
I dont think so.For that amount it would be more like $500 per month.
2007-02-08 14:21:10 · answer #1 · answered by Jim C 6 · 1⤊ 0⤋
Some lenders may not go under $50,000 for a loan amount. The loan will depend on the location and condition of the property and your credit history. You're not likely to get that loan amount on a mobile home unless it has a permanent foundation, but you may get one on a modular. You won't know until you make an application. Beware of some of the Internet lenders who may say $249. The fine print may say that amount is good for the first month or so, and may not include taxes and insurance.
2007-02-08 22:28:22 · answer #2 · answered by Venita Peyton 6 · 0⤊ 0⤋
Well it all depends on what type of interest rate you get. If you had an interest rate of 8% and had an interest only program you would have a payment around $270.
kmyers@lendsmartmortgage.com
2007-02-08 22:50:42 · answer #3 · answered by condorcall02 2 · 0⤊ 0⤋
Of course. That's only 7.5% interest, assuming an interest-only home equity line of credit or something like that.
With decent credit, you should be able to find what you're looking for
2007-02-08 23:09:05 · answer #4 · answered by Anonymous · 0⤊ 0⤋
go to your local banks, call up and apply forone of them "no interest for the first 12 months" places and pay the 250 a month for the rest of your life
2007-02-08 22:21:19 · answer #5 · answered by ptcruisher2001 5 · 0⤊ 0⤋
Not a chance!
2007-02-08 22:15:17 · answer #6 · answered by Anonymous · 0⤊ 0⤋