Do you need cash for unpaid medical bills, unexpected repair bills or crucial home alterations? Do you own a RV or Mobile Home? They can help you!
You see, your vehicle is an asset that you can use to your advantage, particularly in your time of need. In fact, it can be used as collateral and help to secure a cash loan through BHM Financial Group, one of Canada’s top loan providers.
How exactly does a RV or Mobile Home Loan work?
A RV or Mobile home loan is a short term loan for people who use their recreational vehicle or mobile home as a form of security to help them acquire a cash loan. The recreational vehicle however can still be used by its owner and is not kept by us. A true win-win scenario!
What about credit history or bad credit score?
Credit history often plays a major role in determining whether a financial institution will proceed with a loan application or not. Luckily at BHM Financial Group, your credit history makes no difference when you apply for an RV or Mobile Home loan. Even if you have a bad credit score we will still consider you. We lend you money based on your RV or Mobile Home’s condition and not your credit history or score!
Requirements
We also require the following before approving a RV loan or Mobile Home Loan.
- There should be no outstanding payments on the RV or Mobile Home.
- The RV or Mobile Home must be insured.
- The borrower must have steady income.
- The borrower shouldn’t have any other current loans.
How does one obtain a loan using your RV or Mobile Home?
The easiest way to obtain a loan from BHM Financial Group is to apply online. We will require copies of some simple documents before we can wire the cash you need. These include identification, proof of your income, proof of residential address and proof of RV or Mobile Home insurance.
Once we have received all the documents, all the relevant calculations take place. The amount that will be loaned as well as the repayments are then finalized. These figures will take various factors into account such as the applicant’s income and the condition of the RV or Mobile Home.