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The Home Affordable Refinance Program ends in less than 30 days! Are you one of the remaining homeowners eligible for HARP?

Modular home loan refinancing

Q: We have a modular home in Yuma, AZ located in an age 55-plus park where we rent space. Our lending institution is charging us over 9% interest on our mortgage. Do you know if it is possible to get a lower rate and where?

A: Have you checked with the mortgage lender who holds the present loan? Since you're a current customer, they might be able to offer you a better deal. Also, if you're friendly with your neighbors, why not ask if they have a different mortgage holder than you to help unearth some other sources of financing?

More help from HSH.com

  • What is a rate and term refinance?

    Homeowners have a variety of reasons for refinancing and each reason can indicate that one refinance option or another makes the most sense.
  • When refinancing at a higher rate makes sense

    Trade your old mortgage for a new, higher-rate version? There are times when it actually makes sense.
  • Should I pay off a mortgage early?

    By making extra principal payments or refinancing your mortgage, you could pay a lot less interest and free yourself from your mortgage ahead of schedule. Here are the pros and cons of retiring your mortgage early.
  • How does a refinance in 2017 affect your taxes?

    After a mortgage refinance, there are some specific "dos" and "don'ts" you need to know prior to filing your income taxes, as well as a few pointers that can help you lower your tax bite.

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