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The new conforming loan limits for 2022 have been announced, an increase of more than 18% over 2021, and up by more than 52% since 2017!

The new conforming loan limits for 2022 have been announced, an increase of more than 18% over 2021, and up by more than 52% since 2017!

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?

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