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General Discussion
Mobile mansions
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<blockquote data-quote="Mortalis5509" data-source="post: 661890" data-attributes="member: 2838"><p><strong>Re: Re: Re: Mobile mansions</strong></p><p></p><p></p><p>That's rough at 5% . May have been 09. </p><p></p><p>I put 2.5% when I bought mine @ 141k at 30 year. Threw 20k at in upgrades and had it reappraised and gained 30k, so 10k profit in a year. Refinanced it again after 1 year and dropped off PMI because I now had my 20% equity and did a 15 year, rate went down as well. Didnt cost me any money to refi out of pocket and write refi off taxes. 1.5 or years later, refi again. No money down and wrote off taxes again. </p><p></p><p>In 4.5 years I bought it for 141k, worth by my guess 185 - 190k, and owe close to 100k. </p><p></p><p>Sent from my SM-G935V using Tapatalk</p></blockquote><p></p>
[QUOTE="Mortalis5509, post: 661890, member: 2838"] [b]Re: Re: Re: Mobile mansions[/b] That's rough at 5% . May have been 09. I put 2.5% when I bought mine @ 141k at 30 year. Threw 20k at in upgrades and had it reappraised and gained 30k, so 10k profit in a year. Refinanced it again after 1 year and dropped off PMI because I now had my 20% equity and did a 15 year, rate went down as well. Didnt cost me any money to refi out of pocket and write refi off taxes. 1.5 or years later, refi again. No money down and wrote off taxes again. In 4.5 years I bought it for 141k, worth by my guess 185 - 190k, and owe close to 100k. Sent from my SM-G935V using Tapatalk [/QUOTE]
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