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Updated over 7 years ago,

Thomas B.'s profile image
Thomas B.'s profile image
Thomas B.
  • from Darlington, South Carolina
  • Member since Sep 6, 2015
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User Stats

12
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3
Votes
Thomas B.'s profile image
Thomas B.'s profile image
Thomas B.
  • from Darlington, South Carolina
  • Member since Sep 6, 2015
Connect
Thomas B.
  • Darlington, SC
3
Votes |
12
Posts
Buying & Selling Real Estate

Mobile Home Refi Question

Thomas B.
  • Darlington, SC
Posted

A little background - 

My personal residence is a doublewide mobile home. I'm in South Carolina. It does not have a title and is classified as real property. I own this property free and clear. I am thinking of doing a cash out refi or a HELOC on it to get some cash for investments. The property is probably worth 110k.

My questions - 

Does anyone know a lender that will do a cash out refi on a mobile home?

Is it a bad idea to pull money out of a primary residence for investment purposes? 

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