Ive already purchased the residence, Ive been here for one year come May 1st. I need to get a loan to put a new roof over my mobile. The problem I have is my job history. I havent worked for nearly a year...so getting a loan as it stands is practically impossible.
Now I purchased the place for $63,000 and had a mortgage on it of $47,250. The balance owing come May 1st will be just under $46,000. Our realtor expects to be able to sell our place in the $90k-$99k range if we put a new roof on, and $75k-$80k if we dont.
I have a contractor putting a together quote on the materials for me to see what it is going to cost me, and if it is worth it. I suspect it will be.
Now the question is since I have no job history for the recent months that have passed, if I were to have an offer for 'x' amount of dollars, with all subjects removed other than a new roof be built on the dwelling, could I take that to the bank and get the funding for the materials to build my new roof?
If it matters the dwelling is a deregistered 1972 mobile home on 3.6 acres.
Thank you for any input in advance.
Alan