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Financing in 93401 : Real Estate Advice

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Thu Apr 2, 2015
David Norwood answered:
Sorry, no, it is very difficult borrow on a mobile home that is over 10 years old and 100% impossible to borrow and a coach that is 43 years old. You may be able to sell the coach and buy a new coach, which will allow you to have a loan in the same location.

However, I would recommend selling the real estate and coach and buying a single family home or condo while prices and interest rates are still very low. You will need to sell to a cash buyer, but with that cash you can put all of it down and it may be possible your deductible loan will be lower than what you are paying now, if you have park fee, which are not tax deductible.

You can view all of the homes available on the Central Coast on my web site at
http://www.dnorwood.com/Pages/Home_Search_Mulipal_Listings_MLS.aspx


Or, give me a call at 805-270-5860

David Norwood-Central Coast Real Estate David@DNorwood.com
www.DNorwood.com
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