Mobile Home Renovations now More Accessible for Those with Bad Credit

Renovating a mobile home is a good way to customize a living space and improve the value of the home. Affording the cost of these renovations is where things can get tricky. In the past, those with bad credit who were in need of such renovations had to struggle to find a company willing to lend, especially if a mobile home was older or in need of repair. BHM Financial, one of the most respected names in the car title loan industry has announced that in addition to their existing financial services, they will now also provide financing secured by the equity in the borrower's RV or mobile home regardless of the home's age and the credit rating of the borrower.

Molly Wider, loan officer at BHM Financial group explained this move, "We saw a large number of our clientele were struggling to get approved for loans by typical financial institutions due to bad credit, bankruptcy, or because they had lower than average income. Many of these people were desperately trying to find a way to fund critical mobile home repairs, and some were trying to finish repairs that had already been started. A number of these individuals didn't own a vehicle and wanted to use an RV or mobile home as collateral for their loan." She continued, "We decided that there was a real need for this type of service out there and we are quite pleased that we will be the ones providing it."

BHM Financial is a Canadian-based company specializing in providing secured loans to individuals with poor credit across Canada. Their loan amounts typically range from $1,000- $10,000. The company claims that loans can be approved and funded in as little as 24 hours and boast an approval rating of 99% for qualified applicants as well as flexible repayment terms.

In the past, loans secured by the value of an existing mobile home were extremely difficult if not virtually impossible to find. Standard financial institutions typically do not provide loans for these kinds of properties. BHM Financial loan officer, Molly Wider emphasized that although this is a unique service, there will be absolutely no need to have their clients' remodelling plans approved by BHM before funding is approved. Loans for repairs or renovations to a mobile home are secured based solely on the equity in the mobile home regardless of the borrower's credit rating.


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