Help on buying a house.

[Scott Phillips]

I'm trying to buy a house went to a morgage planner, they told me my credit was good but I have a moble home that I bought in 2000 thats on my credit and missing my debt to ratio up. So my question is how can I get the moble home out of my name but still keep it. Info on the home: I have own it since 2000 brand new, the land my mom is buying,still owes about 6000 on it, I owe about 26,000 on the moble due to high interest rate 14%. My mom doen't want the moble home in her name. I have been thinking about starting a real estate biz and putting the moble home in the biz name would that work, I know a new biz as no credit so could I do PG to get it done. and would that still show up on my credit report and bet the purpose. please help me

[Jon Holdman]

You will have to pay off your existing loan on the mobile home to get it out of your name. Extremely unlikely you'll be able to put it into an entity and get financing without it showing up on your credit.

If you owe $26K on a 2000 mobile I suspect you're waaay under water. Is it possible you could sell this albatross? If not, you at least need to try to refinance it to try to get a better interest rate.