Refinancing a mobile home that my son lives in ?

Question

It appears that lenders do not refinance mobile homes that you dont live in. I own the mobilke that my son lives in. He pays the morgage.

Answer 1

It is hard to finance a mobile home. I had a pre-hud mobile home to finance and nobody would do it. So I found a private lender. Check with your local real estate companies. They will know some private lenders.

But of course private lender charge very high interest rates. Maybe 9 % or more.