When most people think of manufactured home refinance they are thinking in terms of lowering their rate of interest or their monthly payments. Even as interest rates are rising, refinancing often makes sense for many American households. Even if you have to slightly raise the rate of interest that you are paying, if you can refinance to pay off other high interest debt you will likely see a huge improvement in your monthly cash flow. It is often more beneficial to lower your overall monthly expenses, not just your mortgage payment
Manufactured homes are sometimes difficult to finance, but since yours is on a permanent foundation, you should be able to far more easily. There are several lenders that perform these kinds of financing and you should contact a mortgage planner that services your area and discuss your specific situation with them, to make sure you get the best possible program for your needs.
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