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Refinance - NOW! is the time to lower your monthly debt
Sun 12/16/07 09:57:01 pm
by Dan Freeman

Why are you waiting to refinance your manufactured home?   Now is a great time to cut a deal and lower your monthly debt.   Interest is back down, at historically low rates.   Home sales are in a slump, which has made lenders hungry for new contracts.   Take advantage of this unique time.   If you have an adjustable mortgage or a high payment fixed rate now is the time to get moving before rates start to climb up or the housing market takes off again.

Refinancing your home loan is never a simple matter, but it is up to you to do those things which can insure that you get the best refinance deal possible.   Here are some ideas that will help you work smoothly through the process:

  • 1: Get the Best Refinance Interest Rate -Do Your Homework!

    Even if you choose to use a mortgage broker, you will find that interest rates constantly change, literally hour by hour.   By taking the time to educate yourself about mortgage rates you can help yourself to better gage when the rate is at its best it is likely going to be. 

  • 2: Get the Best Refinance Interest Rate Possible by using a service that has several finance companies competing for your business

    Online mortgage services that are professionals in their trade are skilled in helping you to find the best refinance program possible.   These services have access to thousands of lender programs for you to choose from. They can suggest lenders for just about every scenario possible.   If you have bad credit, if you are self-employed, etc., no matter what your situation is a loan finder services can help find you the absolute best deal possible.

    Manufactured Home Finder
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    Find the best loan terms here
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    No Obligation No Initial Credit Check


  • 3: Get the Best Refinance Interest Rate by Buying Down

    Assume that the best mortgage rate available today is 6%.   By buying down your rate you can lower your interest rates over the length of your loan. This is also called "paying points." If you were to buy down the 6% rate, you might easily end up with a 5.5% mortgage. The cost to you would be a few thousand dollars at closing, This would save you tens of thousands of dollars over the life of your mortgage term. Paying points always makes sense if you have the available capital and do not need to use it in other areas.

  • 4: Get the Best Refinance Interest Rate by Negotiating

    Most people don't know that mortgage rates and even fees are always negotiable!   By playing two or more lenders against each other, you can come up with an absolute rock-bottom interest rate.  Successful negotiation requires that you are always prepared to walk away from the deal, that you say "no" until you get what you are looking for, and that you are both patient and well educated.

    By educating yourself, using loan finder service, paying points, and using simple negotiation skills, you can get the best refinance rate available.   Whether you have excellent credit, or not so good credit, you can find an excellent rate and refinance your current manufactured housing loan. By doing your homework you can save yourself thousands of dollars over the life of your loan.

    Getting FREE Mortgage Quotes from several lenders is simple!   Answer a few basic questions and click the "Submit" button.   You'll be matched with the lenders and brokers  who could  meet your exact financing needs.   All Loan Types Available: Purchase, Refinance, Home Equity, Home Improvement, Debt Consolidation, Cash-out, FHA/VA, and Even Land/Home Construction Loans.

    What's more, the Manufactured Housing Loan Finder  is easy to use, and it costs nothing to participate.   Just take a few minutes now to complete the short questionnaire on this page.   Then, based on what you tell us, our lenders can find a loan that matches your needs.   Within just 24 hours, your request for loan information can be answered by several participating manufactured housing finance offices.

     Finance Articles   Finance Calculators Mortgage Terms
    One Stop Manufactured Home Loan Shopping
    It is easier to shop here for a manufactured home loan then anyplace else in the world! We do all the leg work. Submit the fast, easy form below , select your loan preferences and we will forward your request for loan information to several participating manufactured housing finance offices. You elect to get your information by e-mail, snail mail, fax, or you can request that a representative of each finance company phone you to explain their programs and application process.
    Cost:free
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    1. I am interested in:(check one)
    Purchasing a Home
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    2. The Home is used for:(check one)
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    3. The Home is a:(check one)
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    4. The Home is/will be on:
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    5. Year Home was Built:

    6. My Credit Standing:
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