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I have a mortgage on my mobile home. Do i have to sell it before i can get mortgage for a home.

  • February 10 2011 - Spartanburg
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Answers (3)

You must qualify with all debt.  You cannot use rental income to offset mortgage payment without a 2 year history of rental income.

I do not quite understand the rest of you question.  Are you asking about selling your current mobile home?
  • February 10 2011
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is there any way of getting around this if my income does not support both payments. Could i rent out the mobile home and use it as income. Don't think i will be able to see the mobile home since it is on a rented lot and my lender is not willing to reduce the price. What should i do?
  • February 10 2011
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No you do not as long as your income supports all of your debt including yout new mortgage apyment as wello as your mobile home payment.
  • February 10 2011
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