Mobile Home Loan.

mobile home loans.

Mobile Home Cash Out. - A refinance for more than the balance of the current mortgage. The excess money taken out reduces the borrower’s equity.

Mobile Home Refinancing. - The process of paying off one loan with the proceeds from a new loan secured by the same property.

Mobile Home Mortgage Loan. - A loan for which real estate serves as collateral to provide for repayment in case of default.

Mobile Home Home Equity Loan. - An additional mortgage secured by the equity in the home. All funds for this loan are disbursed at closing. (In contrast, see Home Equity Line Of Credit).

Home Equity Line Of Credit. - A revolving line of credit secured by the equity in the home. Unlike a Home Equity Loan, these funds may be drawn and repaid like a credit card.

Mobile Home Refinance.