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Can I use a mobile home loan to purchase a home and pay off debts? |
Can I use a mobile home loan to purchase a home and pay off debts? What you do with the proceeds of a loan once you get it is totally up to you. lign="right" > Sign in to vote! Yes. If you have sufficient equity in your mobile home and it qualifies you can use the equity for whatever you wish. I write a blog on the subject of credit management, mortgages, real estate trends, etc. Check it out for more information that may be helpful. Mortgage http://www.tomvoli.com/2006/11/14/unders... http://www.tomvoli.com/2006/11/10/negoti... http://www.tomvoli.com/2006/11/09/why-wo... lign="right" > Sign in to vote! lass="explain-text">Sometimes none of the answers get it just right. If so, pick "No Best Answer". Voters DO NOT get any points for voting on the No Best Answer. lign="right" > Sign in to vote! |
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