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Manufactured Home Refinancing Hutchinson KS

Why consider a manufactured home refinance? When you refinance your manufactured home, you are basically getting a new loan, usually with better terms, to pay off or replace the loan you currently have. While the mobile home refinance loan process is quite different than a real property stick built refinance, financing for manufactured homes is available in space rent parks, co-op parks, parks where you own your own lot, and mobile homes or manufactured homes located on privately owned land.

Great Lakes Mortgage Services Corporation
(620) 663-2589
1600 North Lorraine Street
HUTCHINSON, KS
Services
Mortgage Brokers

Buller Insurance Services Inc
(620) 663-4300
421 West 1st Avenue # C
Hutchinson, KS
 
Wade Patton Insurance
(620) 662-5469
115 East 4th Avenue
Hutchinson, KS
 
Banc Of America Investment Services Inc
(316) 694-4328
20 W 2nd Ave
Hutchinson, KS
 
Bank of Kansas
(620) 663-5011
6th & Main
HUTCHINSON, KS
Services
Mortgage Brokers

Bank of America - Hutchinson Downtown
(620) 694-4300
20 W. Second Ave.
Hutchinson, KS
Type
Banking Center
Services
Banking Center Services: Change Order, Commercial Deposits, Night Deposits, Drive Up
Indoor ATM Services: Open 24 Hours, Braille, Accepts Deposits
Languages
English, Spanish, Chinese, Korean, French, Russian, Portuguese
Office Hours
Monday 9-5
Tuesday 9-5
Wednesday 9-5
Thursday 9-5
Friday 9-5
Saturday 9-12
Sunday Closed
Drive Up Hours
Monday 8-5:30
Tuesday 8-5:30
Wednesday 8-5:30
Thursday 8-5:30
Friday 8-6
Saturday 8-12
Sunday Closed

American Family Lending
(620) 899-1600
107 East 30Th Ave.
Hutchinson, KS
 
Brooke Insurance And Financial Services
(620) 662-4815
1520 North Main Street
Hutchinson, KS
 
Central Bank And Trust Co East Bank
(620) 663-0685
1330 East 17th Avenue
Hutchinson, KS
 
Salt City Land And Title Co
(620) 665-5000
305 North Main Street
Hutchinson, KS
 

Top Reasons to Refinance Your Manufactured Home

4 Top Reasons To Refinance Your Manufactured Home
Tue 08/11/09 10:15:19 pm
by Josh Ladick

There are plenty of good reasons to refinance. I will explain some of the most common reasons and also provide some useful advice on what you need to consider before refinancing your mobile home.

Why consider a manufactured home refinance? When you refinance your manufactured home, you are basically getting a new loan, usually with better terms, to pay off or replace the loan you currently have. While the mobile home refinance CLICK HERE FOR FREE SEARCH MOBILE HOMES FOR SALE NEAR YOU loan process is quite different than a real property stick built refinance, financing for manufactured homes is available in space rent parks, co-op parks, parks where you own your own lot, and mobile homes or manufactured homes located on privately owned land. In no particular order , here are the Top Four Reasons to refinance your Mobile Home:


1. For a fixed rate loan, to provide stability   2 . To access home equity for home improvements
3 . To lower interest rate and/or monthly payments
4 . To consolidate debt/pay off credit cards.

The first reason for refinancing your mobile home mortgage is to obtain a fixed interest rate and eliminate the costly adjustable rate feature of your existing loan. Sure, an adjustable rate mortgage is a good way to purchase a mobile home with low initial monthly payments, however, the sporadic rate fluctuations and the potential for large interest rate jumps can be not only alarming, but very costly. This is why many homeowners consider refinancing into a fixed interest rate loan.
The second reason for refinancing is pulling the equity out of the mobile home; this is a popular reason for refinancing. Perhaps you are in need of some cash to pay for your children or grandchildren's college tuition, or you are looking to CLICK HERE FOR MOBILE HOME LOANS make some home improvements to maintain the value of your home. Planning for retirement is another common reason to tap into the equity you have built up in your manufactured home.


The third reason behind refinancing a mobile home is to lower your current interest rate and monthly mortgage payment. Now this may seem simple; who doesn't want lower payments? But even if you are currently in a situation where you
can afford your monthly payments, then refinancing your mobile home loan with a lower interest rate may allow you to shorten the length of your loan, pay it off sooner, and easily make additional principal payments towards the principal balance of your loan from time to time, if you so desire, to pay the loan off even sooner.



Now let's review the fourth reason that mobile home owners have for refinancing; consolidating debt, paying off high interest rate credit cards and auto loans. Taking cash out of your home to pay off debts that have high interest rates and non-deductible interest costs is a very popular reason behind refinancing mobile home and manufactured home loans. The interest on you...

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