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Refinancing is the process of obtaining a new mortgage in an effort to reduce monthly payments, lower your interest rates, take cash out of your home for large purchases, or change mortgage companies. Most people refinance when they have equity on their home, which is the difference between the amount owed to the mortgage company and the worth.
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Refinancing mobile homes is easy with eLEND. When you want to refinance your mobile home, the mortgage professionals at eLEND provide expert assistance and multiple options for refinancing mobile homes.. eLEND is one of the nation’ s leading mobile home mortgage lenders and offers many options for refinancing manufactured and modular homes as well.
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How to Refinance a Mobile Home Mortgage – Budgeting Money – If you initially financed your mobile home through a personal property loan, you might want to refinance the loan to a lower interest rate as a way to lower your payments. Refinancing your mobile home mortgage can save you thousands of dollars over the term of the new loan, depending on how much interest rates have.
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